Action Construction Equipment Limited manufactures and sells material handling and construction equipment primarily in India. The company operates through four segments: Cranes, Construction Equipment, Material Handling, and Agri Equipment. It offers concrete placing booms, crawler cranes, forklift trucks, backhoes and wheeled loaders, pick and carry cranes, mobile tower cranes, piling rigs, motor graders, tower cranes, vibratory rollers, truck mounted cranes, and warehousing equipment; and agriculture equipment, such as tractors, harvesters, balers, rotavators, etc., as well as other construction equipment. The company also rents tower cranes, motor graders, soil compacters, and tandem rollers. It serves various infrastructure construction, power projects, ports and shipyards, dams, metro rail, roads, mining, steel industry, engineering industry, railways, cement, petroleum, defense, chemicals and fertilizer plants, warehousing, logistics, and building construction sectors. The company was incorporated in 1995 and is headquartered in Palwal, India.
Action Construction Equipment Dividend Announcement
• Action Construction Equipment announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-08-19
• Action Construction Equipment annual dividend for 2024 was ₹2.00
• Action Construction Equipment annual dividend for 2023 was ₹1.00
• Action Construction Equipment's trailing twelve-month (TTM) dividend yield is 0.15%
• Action Construction Equipment's dividend growth over the last five years (2018-2023) was 14.87% year
• Action Construction Equipment's dividend growth over the last ten years (2013-2023) was 17.46% year
Action Construction Equipment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-19 | ₹2.00 | annually | 2024-09-26 |
2023-08-17 | ₹1.00 | annually | 2023-09-24 |
2022-09-09 | ₹0.60 | annually | 2022-10-20 |
2021-08-25 | ₹0.50 | annually | 2021-10-03 |
2020-03-20 | ₹0.50 | annually | 2020-04-13 |
2019-09-18 | ₹0.50 | annually | 2019-10-27 |
2018-09-18 | ₹0.50 | annually | 2018-10-28 |
2017-09-20 | ₹0.30 | annually | 2017-10-29 |
2016-03-22 | ₹0.20 | annually | 2016-07-01 |
2015-09-15 | ₹0.20 | annually | 2015-10-25 |
2014-07-23 | ₹0.10 | annually | 2014-08-30 |
2013-08-14 | ₹0.20 | annually | 2013-09-23 |
Action Construction Equipment Dividend per year
Action Construction Equipment Dividend growth
Action Construction Equipment Dividend Yield
Action Construction Equipment current trailing twelve-month (TTM) dividend yield is 0.15%. Interested in purchasing Action Construction Equipment stock? Use our calculator to estimate your expected dividend yield:
Action Construction Equipment Financial Ratios
Action Construction Equipment Dividend FAQ
Other factors to consider when evaluating Action Construction Equipment 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.
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1. Determination of Dividend: Action Construction Equipment'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, Action Construction Equipment 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, Action Construction Equipment 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 Action Construction Equipment 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.
1. Record Date: Action Construction Equipment 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, Action Construction Equipment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Action Construction Equipment 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.
To assess the safety of Action Construction Equipment'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 Action Construction Equipment'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.