Apcotex Industries Limited produces and sells synthetic emulsion polymers in India. It offers synthetic latexes, such as carboxylated styrene butadiene, styrene acrylic, vinyl pyridine, and nitrile latexes; and synthetic rubber, including nitrile, NBR polyblend and powder, and high styrene rubber products. The company's synthetic latexes are used in applications, such as tire cord dipping, paper and paperboard coating, carpet backing, concrete modification/water proofing, non-wovens, textile finishing, paints, gloves, etc.; and synthetic rubber for use in various applications comprising footwear, automotive components, rice rolls, molded items, V-belts, conveyor belts, hoses, etc. It also exports its products. The company was formerly known as Apcotex Lattices Limited and changed its name to Apcotex Industries Limited in 2005. Apcotex Industries Limited was founded in 1980 and is headquartered in Mumbai, India.
Apcotex Industries Dividend Announcement
• Apcotex Industries announced a semi annually dividend of ₹3.50 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-07-19
• Apcotex Industries annual dividend for 2024 was ₹5.50
• Apcotex Industries annual dividend for 2023 was ₹5.50
• Apcotex Industries's trailing twelve-month (TTM) dividend yield is 1.38%
• Apcotex Industries's dividend growth over the last five years (2018-2023) was -1.73% year
• Apcotex Industries's dividend growth over the last ten years (2013-2023) was -4.81% year
Apcotex Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-19 | ₹3.50 | semi annually | 2024-08-28 |
2024-02-05 | ₹2.00 | semi annually | 2024-02-22 |
2023-06-12 | ₹3.50 | semi annually | 2023-07-19 |
2023-02-07 | ₹2.00 | semi annually | 2023-02-24 |
2022-06-06 | ₹3.00 | semi annually | 2022-07-14 |
2022-02-10 | ₹2.00 | semi annually | 2022-02-26 |
2021-07-01 | ₹2.00 | semi annually | 2021-08-08 |
2021-02-11 | ₹1.50 | semi annually | 2021-02-27 |
2020-02-24 | ₹3.00 | semi annually | 2020-03-12 |
2019-05-23 | ₹7.50 | semi annually | 2019-07-04 |
2018-07-19 | ₹6.00 | semi annually | 2018-08-26 |
2017-08-08 | ₹4.50 | semi annually | 2017-09-16 |
2016-07-28 | ₹4.50 | semi annually | 2016-09-09 |
2015-07-22 | ₹7.00 | semi annually | 2015-08-30 |
2014-07-21 | ₹5.00 | semi annually | 2014-08-30 |
2013-06-19 | ₹9.00 | semi annually | 2013-07-28 |
Apcotex Industries Dividend per year
Apcotex Industries Dividend growth
Apcotex Industries Dividend Yield
Apcotex Industries current trailing twelve-month (TTM) dividend yield is 1.38%. Interested in purchasing Apcotex Industries stock? Use our calculator to estimate your expected dividend yield:
Apcotex Industries Financial Ratios
Apcotex Industries Dividend FAQ
Other factors to consider when evaluating Apcotex 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.
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1. Determination of Dividend: Apcotex 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, Apcotex 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, Apcotex 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 Apcotex 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.
1. Record Date: Apcotex 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, Apcotex 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: Apcotex 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.
To assess the safety of Apcotex 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 Apcotex 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.