How to invest in STC stock
STC Saudi Arabia is among the 3 Saudi telecommunications companies whose profits have risen by 8.5% over the past year to reach SAR 12 billion, which has led to a rise in the value of STC’s stock price.
Saudi STC was founded in 1998, and in 2003 a 30% stock of .its stocks in the Saudi financial market was listed as one of the largest new subscriptions in Saudi Arabia.
In our article today we will learn about investing in STC .stock and the most important information to solve this stock.
STC Stock Data
STC provides services in the telephone network sectors, mobile phones, internet services, and television broadcasting. It covers the entire territory of Saudi Arabia. It is listed on the Saudi Tadawul Exchange with a code of 7010, with a capital of 20. billion Saudi riyals, a market value of 249.200 billion Saudi riyals, and a share count of 2 billion shares.
STC’s share price has increased balanced since 2010, which is good for everyone who purchased and maintained a telecom share.
Since the inclusion of telecom shares in the trading market, the highest share price was SAR 186 in June of 2006.
The lowest value reached by the Saudi Telecom share price from trading is SAR 28.80 as of February 2000.
Dividend of STC
Saudi Telecom STC distributed dividends to its shareholders equivalent to SAR 5.50 per share, which is 3% higher than the profits it distributed last year, with a cash distribution yield equivalent to 4.01%.
The fourth quarter ended with the distribution of 1.30 SAR to shareholders, while the third quarter of 2020 was distributed 1.38 SAR.
STC Stock Outlook
It can be said that buying a telecom stock is a winning deal for 2022, given 3 important factors:
1. The continuous growth in the share price, depends heavily on the company’s large deals. while maintaining regular periodic dividends making them the best long-term Saudi investment.
2. STC is working to include its subsidiary “Solutions” for the IPO. It is working to launch its services through a cybersecurity company. This is a leap that will support the company in the market and increase its financial capacity.
3. Today, the network is seeing a larger extension of the Kingdom’s territory. It recently stated that it had reached 22 additional cities in one year.
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