APL Apollo Tubes Limited manufactures and sells structural steel tubes and pipes in India. The company offers structural tubes for construction, automotive, machinery, furniture etc. applications; pre galvanized sections of square, rectangular, and circular tubes used for roofing structure; galvanized iron products for industrial and agricultural applications; black round tubes for use in plumbing systems; oval, octagon, and elliptical tubes; ready-made chaukhat, and door and fencing solutions; and triple coated in-line galvanizing tubes, designer galvanized tubes, hybrid tubes, and narrow sections. It also exports its products to approximately 20 countries worldwide. The company was formerly known as Bihar Tubes Limited and changed its name to APL Apollo Tubes Limited in 2010. APL Apollo Tubes Limited was incorporated in 1986 and is headquartered in Ghaziabad, India.
APL Apollo Tubes Dividend Announcement
• APL Apollo Tubes announced a annually dividend of ₹5.50 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-19
• APL Apollo Tubes annual dividend for 2024 was ₹5.50
• APL Apollo Tubes annual dividend for 2023 was ₹5.00
• APL Apollo Tubes's trailing twelve-month (TTM) dividend yield is 0.37%
APL Apollo Tubes Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | ₹5.50 | annually | 2024-10-26 |
2023-09-01 | ₹5.00 | annually | 2023-10-09 |
2022-09-02 | ₹3.50 | annually | 2022-10-12 |
2019-09-19 | ₹14.00 | annually | 2019-10-28 |
2018-09-19 | ₹14.00 | annually | 2018-10-29 |
2017-09-21 | ₹12.00 | annually | 2017-10-29 |
2016-09-08 | ₹10.00 | annually | 2016-10-24 |
2015-08-13 | ₹6.00 | annually | 2015-09-27 |
2014-09-17 | ₹5.00 | annually | 2014-10-30 |
2013-08-07 | ₹5.00 | annually | 2013-09-29 |
2012-09-20 | ₹2.00 | annually | 2012-10-29 |
APL Apollo Tubes Dividend per year
APL Apollo Tubes Dividend growth
APL Apollo Tubes Dividend Yield
APL Apollo Tubes current trailing twelve-month (TTM) dividend yield is 0.37%. Interested in purchasing APL Apollo Tubes stock? Use our calculator to estimate your expected dividend yield:
APL Apollo Tubes Financial Ratios
APL Apollo Tubes Dividend FAQ
Other factors to consider when evaluating APL Apollo Tubes 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: APL Apollo Tubes'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, APL Apollo Tubes 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, APL Apollo Tubes 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 APL Apollo Tubes 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: APL Apollo Tubes 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, APL Apollo Tubes distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: APL Apollo Tubes 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 APL Apollo Tubes'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 APL Apollo Tubes'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.