Ashok Leyland Limited, together with its subsidiaries, manufactures and sells commercial vehicles in India and internationally. The company offers city, inter-city, school and college, staff, tourist, stage carrier, and airport shuttle buses; haulage and ICV distribution trucks, as well as tractors and tippers; light and small commercial vehicles, goods carriers, and passenger vehicles; and defense vehicles comprising logistics, high mobility, armored, light tactical, tracked, and simulator vehicles. It also provides power solutions, such as diesel generators, agriculture engines, industrial engines, and marine engines; spare parts, including trailer axle and suspension, repair, and retro fitment kits; and vehicle and housing financing services. In addition, the company trades in commercial vehicles; offers manpower supply services and air chartering services; provides IT services; and driver training services, as well as manufactures forgings and castings. Further, it operates retail stores; and LeyKart, an e-commerce store for spare parts. The company was incorporated in 1948 and is headquartered in Chennai, India. Ashok Leyland Limited is a subsidiary of Hinduja Automotive Limited.
Ashok Leyland Dividend Announcement
• Ashok Leyland announced a semi annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-12-07. Ex dividend date: 2024-11-19
• Ashok Leyland annual dividend for 2024 was ₹6.95
• Ashok Leyland annual dividend for 2023 was ₹2.60
• Ashok Leyland's trailing twelve-month (TTM) dividend yield is 2.23%
• Ashok Leyland's dividend growth over the last five years (2018-2023) was -11.76% year
Ashok Leyland Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-19 | ₹2.00 | semi annually | 2024-12-07 |
2024-04-03 | ₹4.95 | semi annually | |
2023-07-07 | ₹2.60 | semi annually | 2023-08-19 |
2022-07-14 | ₹1.00 | semi annually | 2022-08-27 |
2021-08-31 | ₹0.60 | semi annually | 2021-10-07 |
2020-03-19 | ₹0.50 | semi annually | 2020-04-11 |
2019-07-23 | ₹3.10 | semi annually | 2019-08-24 |
2018-07-10 | ₹2.43 | semi annually | 2018-08-16 |
2018-07-09 | ₹2.43 | semi annually | |
2017-07-11 | ₹1.56 | semi annually | 2017-08-14 |
2016-07-13 | ₹0.95 | semi annually | 2016-07-25 |
2015-06-17 | ₹0.45 | semi annually | 2015-07-29 |
2013-07-04 | ₹0.60 | semi annually | 2013-07-25 |
2012-07-12 | ₹1.00 | semi annually | 2012-07-31 |
Ashok Leyland Dividend per year
Ashok Leyland Dividend growth
Ashok Leyland Dividend Yield
Ashok Leyland current trailing twelve-month (TTM) dividend yield is 2.23%. Interested in purchasing Ashok Leyland stock? Use our calculator to estimate your expected dividend yield:
Ashok Leyland Financial Ratios
Ashok Leyland Dividend FAQ
Other factors to consider when evaluating Ashok Leyland 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: Ashok Leyland'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, Ashok Leyland 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, Ashok Leyland 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 Ashok Leyland 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: Ashok Leyland 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, Ashok Leyland distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ashok Leyland 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 Ashok Leyland'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 Ashok Leyland'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.