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Aaron Industries Limited manufactures and sells elevators and elevator parts in India. The company operates through Elevator, Electrical, and Steel Polishing Divisions. It offers elevator cabins, doors and frame, elevator parts, etc.; and auto door systems, door operators, swing and manual doors, and gearless machines. The company also provides electrical equipment, such as distribution board and box, busbar, MS box etc. In addition, it engages steel polishing activities comprising stainless steel polishing of mirrors and matts, stainless steel press plates, stainless steel designer sheets, etc. Aaron Industries Limited was incorporated in 2013 and is based in Surat, India.

Aaron Industries Dividend Announcement

Aaron Industries announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-24. Ex dividend date: 2024-09-17
Aaron Industries annual dividend for 2024 was ₹1.00
Aaron Industries annual dividend for 2023 was ₹1.00
Aaron Industries's trailing twelve-month (TTM) dividend yield is 0.37%

Aaron Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-17₹1.00annually2024-10-24
2023-08-28₹1.00annually
2022-09-01₹0.80annually2022-10-10
2020-08-12₹0.60annually2020-09-19

Aaron Industries Dividend per year

Aaron Industries Dividend growth

Aaron Industries Dividend Yield

Aaron Industries current trailing twelve-month (TTM) dividend yield is 0.37%. Interested in purchasing Aaron Industries stock? Use our calculator to estimate your expected dividend yield:

Aaron Industries Financial Ratios

P/E ratio39.12
PEG ratio0.39
P/B ratio7.34
ROE20.26%
Payout ratio0.00%
Current ratio1.21
Quick ratio0.34
Cash Ratio0.09

Aaron Industries Dividend FAQ

Does Aaron Industries stock pay dividends?
Aaron Industries does not currently pay dividends to its shareholders.
Has Aaron Industries ever paid a dividend?
No, Aaron Industries has no a history of paying dividends to its shareholders. Aaron Industries is not known for its dividend payments.
Why doesn't Aaron Industries pay dividends?
There are several potential reasons why Aaron Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Aaron Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Aaron Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Aaron Industries a dividend aristocrat?
Aaron Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Aaron Industries a dividend king?
Aaron Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Aaron Industries a dividend stock?
No, Aaron Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Aaron Industries stocks?
To buy Aaron Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Aaron Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.