Automotive Axles Limited manufactures and sells automotive components in India. It offers drive axles, front steer axles, defense axles, off-highway axles, non-drive axles, tandem axles, suspension products, drum brakes, and disc brakes, as well as gearing, integral brake to axle design, weight option designs and driver operated locks, and others. The company primarily serves original equipment manufacturers. It also exports its products to the United States, France, Italy, China, Brazil, and Australia. The company was incorporated in 1981 and is based in Mysore, India.
Automotive Axles Dividend Announcement
• Automotive Axles announced a annually dividend of ₹32.00 per ordinary share which will be made payable on 2024-09-04. Ex dividend date: 2024-07-29
• Automotive Axles annual dividend for 2024 was ₹32.00
• Automotive Axles annual dividend for 2023 was ₹32.00
• Automotive Axles's trailing twelve-month (TTM) dividend yield is 1.81%
• Automotive Axles's dividend growth over the last five years (2018-2023) was 18.84% year
• Automotive Axles's dividend growth over the last ten years (2013-2023) was 12.33% year
Automotive Axles Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-29 | ₹32.00 | annually | 2024-09-04 |
2023-07-27 | ₹32.00 | annually | 2023-09-01 |
2022-07-28 | ₹15.00 | annually | 2022-09-03 |
2021-08-03 | ₹4.50 | annually | 2021-09-09 |
2020-08-12 | ₹0.80 | annually | 2020-09-17 |
2020-03-13 | ₹6.00 | annually | 2020-03-20 |
2019-08-07 | ₹19.50 | annually | 2019-09-12 |
2018-08-02 | ₹13.50 | annually | 2018-09-11 |
2017-08-11 | ₹8.00 | annually | 2017-09-17 |
2016-08-08 | ₹5.50 | annually | 2016-09-09 |
2015-07-30 | ₹1.00 | annually | 2015-09-03 |
2015-01-30 | ₹2.50 | annually | 2015-03-05 |
2014-02-06 | ₹2.00 | annually | 2014-03-10 |
2013-01-31 | ₹10.00 | annually | 2013-03-06 |
Automotive Axles Dividend per year
Automotive Axles Dividend growth
Automotive Axles Dividend Yield
Automotive Axles current trailing twelve-month (TTM) dividend yield is 1.81%. Interested in purchasing Automotive Axles stock? Use our calculator to estimate your expected dividend yield:
Automotive Axles Financial Ratios
Automotive Axles Dividend FAQ
Other factors to consider when evaluating Automotive Axles 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: Automotive Axles'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, Automotive Axles 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, Automotive Axles 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 Automotive Axles 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: Automotive Axles 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, Automotive Axles distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Automotive Axles 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 Automotive Axles'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 Automotive Axles'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.