Bajaj Steel Industries Ltd. engages in producing machineries for cotton ginning technologies. It operates through the following divisions: Machinery, Electrical, Infrastructure, and Superpack. The Machinery division manufactures cotton ginning, and pressing machineries. The Electrical division offers electrical panels, electrical control panels, ACCL panels, and power distribution board. The Infrastructure division involves in the business of pre-fabricated buildings and executed building projects. The Superpack division includes statutory and labor compliances. The company was founded by Gangabisenji Bajaj on Feburary 14, 1961 and is headquartered in Nagpur, India.
Bajaj Steel Industries Dividend Announcement
• Bajaj Steel Industries announced a annually dividend of ₹3.00 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-08-28 • Bajaj Steel Industries annual dividend for 2024 was ₹3.00 • Bajaj Steel Industries annual dividend for 2023 was ₹3.00 • Bajaj Steel Industries's trailing twelve-month (TTM) dividend yield is 0.09%
Bajaj Steel Industries current trailing twelve-month (TTM) dividend yield is 0.09%. Interested in purchasing Bajaj Steel Industries stock? Use our calculator to estimate your expected dividend yield:
Bajaj Steel Industries Financial Ratios
P/E ratio20.98
PEG ratio0.05
P/B ratio5.35
ROE53.82%
Payout ratio0.00%
Current ratio1.77
Quick ratio1.07
Cash Ratio0.44
Bajaj Steel Industries Dividend FAQ
How much is the next Bajaj Steel Industries dividend?
Bajaj Steel Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Bajaj Steel Industries dividend. The next Bajaj Steel Industries dividend will be released in September.
When is Bajaj Steel Industries dividend paid?
Bajaj Steel Industries pays dividends on a annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Bajaj Steel Industries pay?
The specific amount of Bajaj Steel Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Bajaj Steel Industries's dividend history.
Does Bajaj Steel Industries stock pay dividends?
Yes, Bajaj Steel Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Bajaj Steel Industries's dividend history.
How much dividend does Bajaj Steel Industries pay?
Bajaj Steel Industries paid ₹3 in 2024, ₹3 in 2023, ₹2 in 2022, ₹3 in 2021, and ₹2 in 2020.
How often does Bajaj Steel Industries pay dividends?
Bajaj Steel Industries typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Bajaj Steel Industries's dividend yield?
The current dividend yield for Bajaj Steel Industries is 0.09%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Bajaj Steel Industries's exact dividend yield.
When does Bajaj Steel Industries go ex dividend?
Bajaj Steel Industries's ex-dividend date for the latest dividend was on 2024-08-28. Bajaj Steel Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Bajaj Steel Industries dividend paid?
Bajaj Steel Industries pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Bajaj Steel Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Bajaj Steel Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Bajaj Steel Industries dividend per share?
Bajaj Steel Industries paid ₹3 per share in 2024 and ₹3 per share in 2023. The amount of dividend per share that Bajaj Steel Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Bajaj Steel Industries a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Bajaj Steel Industries a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Bajaj Steel Industries a dividend stock?
Yes, Bajaj Steel Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Bajaj Steel Industries a good dividend stock?
Whether Bajaj Steel Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Bajaj Steel Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Bajaj Steel 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.
Does Bajaj Steel Industries pay dividends monthly?
Bajaj Steel Industries typically pays dividends on a annually basis.
Does Bajaj Steel Industries pay dividends quarterly?
Bajaj Steel Industries currently pays dividends on a annually basis.
Has Bajaj Steel Industries ever paid a dividend?
Yes, Bajaj Steel Industries has a history of paying dividends to its shareholders. Bajaj Steel Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Bajaj Steel Industries dividend stocks?
To buy Bajaj Steel Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Bajaj Steel Industries stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Bajaj Steel Industries pay dividends 2024?
Bajaj Steel Industries pays dividends on a annually basis. 2024 dividend payments are in 2024-10-03. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Bajaj Steel Industries increase its dividend in 2024?
Decisions regarding Bajaj Steel Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Bajaj Steel Industries dividend overview you can look into the above table of dividend history.
How Bajaj Steel Industries dividend works?
The Bajaj Steel Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Bajaj Steel Industries's dividend process works:
1. Determination of Dividend: Bajaj Steel 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, Bajaj Steel 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, Bajaj Steel 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 Bajaj Steel 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.
How are Bajaj Steel Industries dividends paid?
Bajaj Steel Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Bajaj Steel 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, Bajaj Steel 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: Bajaj Steel 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.
How many times does Bajaj Steel Industries pay dividends?
Bajaj Steel Industries typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Bajaj Steel Industries pay dividends?
The general pattern is that Bajaj Steel Industries pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Bajaj Steel Industries dividend safe?
The safety of Bajaj Steel Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Bajaj Steel 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 Bajaj Steel 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.