Ashapura Minechem Limited produces and sells bentonite and bauxite in India and internationally. The company offers bentonite mining, processing, and logistics services to aluminum, foundry, cosmetics, metal ore pellatization, construction, and paper industries; refractory materials for abrasives, refectories, foundries, grinding, and road surfacing applications; and hydrocarbon exploration solutions to oil well drilling and hydraulic fracturing industries. It also provides adsorbent solutions for use in various applications, including bleaching edible oils, refining of petroleum products, water purification, pet care, and bleaching waste oils; products for waterproofing, repair and restoration, admixtures, grouts, and floor hardeners. In addition, the company offers white mineral solutions for use in paper, paint, rubber, pesticide, cosmetic, pharmaceutical, ceramic, glass, plastic, and building products; and clay products for use in paints, sealants, plasters, polymers, coating and pharmaceutical applications, and aviation fuel enhancers. Ashapura Minechem Limited also exports its products. The company was founded in 1960 and is based in Mumbai, India.
Ashapura Minechem Dividend Announcement
• Ashapura Minechem announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2022-10-29. Ex dividend date: 2022-09-21
• Ashapura Minechem's trailing twelve-month (TTM) dividend yield is -%
Ashapura Minechem Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2022-09-21 | ₹0.50 | annually | 2022-10-29 |
2021-09-21 | ₹0.50 | annually | 2021-10-29 |
2008-09-15 | ₹1.60 | annually | 2008-11-01 |
2007-09-07 | ₹3.00 | annually | 2007-10-01 |
2006-08-01 | ₹1.50 | annually | |
2005-08-31 | ₹4.00 | annually | 2005-09-17 |
2004-09-06 | ₹3.00 | annually | 2004-09-23 |
2003-09-17 | ₹2.30 | annually | 2003-10-04 |
2002-09-17 | ₹2.10 | annually | 2002-10-05 |
2001-08-30 | ₹2.50 | annually | 2001-10-01 |
2000-04-06 | ₹2.20 | annually | 2000-05-01 |
1999-08-16 | ₹2.20 | annually | 1999-10-01 |
Ashapura Minechem Dividend per year
Ashapura Minechem Dividend growth
Ashapura Minechem Dividend Yield
Ashapura Minechem current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Ashapura Minechem stock? Use our calculator to estimate your expected dividend yield:
Ashapura Minechem Financial Ratios
Ashapura Minechem Dividend FAQ
Other factors to consider when evaluating Ashapura Minechem 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: Ashapura Minechem'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, Ashapura Minechem 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, Ashapura Minechem 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 Ashapura Minechem 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: Ashapura Minechem 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, Ashapura Minechem distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ashapura Minechem 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 Ashapura Minechem'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 Ashapura Minechem'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.