AksharChem (India) Limited manufactures and sells dyes and pigments in India. The company offers dye intermediates, including H-acid, vinyl sulphone, ortho anicidine vinyl sulphone, and sulpho para vinyl sulphone; reactive blue 21 and reactive black 5 dyes; green 7 and violet 23 pigments; and precipitated silica. It serves textile, printing ink, plastic, paint, leather, and tyre industries. AksharChem (India) Limited also exports its products to Europe, the Far East, South East Asia, China, the United States, and internationally. The company was formerly known as Audichem (India) Limited and changed its name to AksharChem (India) Limited in March 2003. AksharChem (India) Limited was incorporated in 1989 and is headquartered in Mehsana, India.
AksharChem Dividend Announcement
• AksharChem announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• AksharChem annual dividend for 2024 was ₹0.50
• AksharChem annual dividend for 2023 was ₹0.50
• AksharChem's trailing twelve-month (TTM) dividend yield is 0.16%
• AksharChem's dividend growth over the last five years (2018-2023) was -32.24% year
AksharChem Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | ₹0.50 | annually | 2024-10-30 |
2023-09-20 | ₹0.50 | annually | 2023-10-27 |
2022-09-20 | ₹0.50 | annually | 2022-10-28 |
2021-09-20 | ₹3.50 | annually | 2021-10-28 |
2020-03-20 | ₹3.50 | annually | 2020-04-10 |
2019-09-20 | ₹3.50 | annually | 2019-10-30 |
2018-09-19 | ₹3.50 | annually | 2018-10-28 |
2017-03-23 | ₹3.50 | annually | 2017-03-25 |
AksharChem Dividend per year
AksharChem Dividend growth
AksharChem Dividend Yield
AksharChem current trailing twelve-month (TTM) dividend yield is 0.16%. Interested in purchasing AksharChem stock? Use our calculator to estimate your expected dividend yield:
AksharChem Financial Ratios
AksharChem Dividend FAQ
Other factors to consider when evaluating AksharChem 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: AksharChem'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, AksharChem 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, AksharChem 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 AksharChem 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: AksharChem 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, AksharChem distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: AksharChem 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 AksharChem'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 AksharChem'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.