Acknit Industries Ltd. engages in the manufacture and sale of industrial hand gloves, garments and safety wears. It operates through the following segments: Industrial Hand Gloves, Garments, Other and Traded Items and Power Generation. The company was founded on October 12, 1990 and is headquartered in Kolkata, India.
Acknit Industries Dividend Announcement
• Acknit Industries announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-09-11 • Acknit Industries annual dividend for 2024 was ₹1.50 • Acknit Industries annual dividend for 2023 was ₹1.50 • Acknit Industries's trailing twelve-month (TTM) dividend yield is 0.51%
Acknit Industries current trailing twelve-month (TTM) dividend yield is 0.51%. Interested in purchasing Acknit Industries stock? Use our calculator to estimate your expected dividend yield:
Acknit Industries Financial Ratios
P/E ratio9.79
PEG ratio0.37
P/B ratio1.08
ROE11.66%
Payout ratio0.00%
Current ratio1.60
Quick ratio0.56
Cash Ratio0.00
Acknit Industries Dividend FAQ
How much is the next Acknit Industries dividend?
Acknit Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Acknit Industries dividend. The next Acknit Industries dividend will be released in July.
When is Acknit Industries dividend paid?
Acknit Industries pays dividends on a annually basis. The specific dates may vary each year but are generally around July. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Acknit Industries pay?
The specific amount of Acknit Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Acknit Industries's dividend history.
Does Acknit Industries stock pay dividends?
Yes, Acknit Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Acknit Industries's dividend history.
How much dividend does Acknit Industries pay?
Acknit Industries paid ₹1.5 in 2024, ₹1.5 in 2023, ₹1.5 in 2022, ₹1.5 in 2021, and ₹1.5 in 2020.
How often does Acknit Industries pay dividends?
Acknit Industries typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around July.
What is Acknit Industries's dividend yield?
The current dividend yield for Acknit Industries is 0.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Acknit Industries's exact dividend yield.
When does Acknit Industries go ex dividend?
Acknit Industries's ex-dividend date for the latest dividend was on 2024-09-11. Acknit Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Acknit Industries dividend paid?
Acknit Industries pays dividends on a annually basis, typically around July, but the exact dates can vary each year.
Will Acknit Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Acknit Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Acknit Industries dividend per share?
Acknit Industries paid ₹1.5 per share in 2024 and ₹1.5 per share in 2023. The amount of dividend per share that Acknit Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Acknit Industries a dividend aristocrat?
No, 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 Acknit Industries a dividend king?
No, 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 Acknit Industries a dividend stock?
Yes, Acknit Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Acknit Industries a good dividend stock?
Whether Acknit Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Acknit Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Acknit Industries as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Acknit Industries pay dividends monthly?
Acknit Industries typically pays dividends on a annually basis.
Does Acknit Industries pay dividends quarterly?
Acknit Industries currently pays dividends on a annually basis.
Has Acknit Industries ever paid a dividend?
Yes, Acknit Industries has a history of paying dividends to its shareholders. Acknit Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Acknit Industries dividend stocks?
To buy Acknit 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Acknit 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.
When does Acknit Industries pay dividends 2024?
Acknit Industries pays dividends on a annually basis. 2024 dividend payments are in 2024-10-18. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Acknit Industries increase its dividend in 2024?
Decisions regarding Acknit Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Acknit Industries dividend overview you can look into the above table of dividend history.
How Acknit Industries dividend works?
The Acknit Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Acknit Industries's dividend process works:
1. Determination of Dividend: Acknit Industries's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Acknit Industries publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Acknit Industries distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Acknit Industries are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Acknit Industries dividends paid?
Acknit Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Acknit Industries sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Acknit Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Acknit Industries declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Acknit Industries pay dividends?
Acknit Industries typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Acknit Industries pay dividends?
The general pattern is that Acknit Industries pays dividends around July. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Acknit Industries dividend safe?
The safety of Acknit Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Acknit Industries's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Acknit Industries's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.