Balu Forge Industries Ltd. engages in the manufacture and sale of steel forging products. Its customers include some of the renowned suppliers and manufacturers of prototypes, vehicles, commercial vehicles, off-highway vehicles, ships, and locomotives. It operates through the Domestic and Export segments. The company was founded on March 17, 1989 and is headquartered in Mumbai, India.
BALU FORGE INDUSTRIES Dividend Announcement
• BALU FORGE INDUSTRIES announced a annually dividend of ₹0.15 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-20
• BALU FORGE INDUSTRIES annual dividend for 2024 was ₹0.15
• BALU FORGE INDUSTRIES's trailing twelve-month (TTM) dividend yield is 0.02%
BALU FORGE INDUSTRIES Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-20 | ₹0.15 | annually | 2024-10-30 |
| 2021-11-17 | ₹0.10 | annually | 2021-12-02 |
BALU FORGE INDUSTRIES Dividend per year
BALU FORGE INDUSTRIES Dividend Yield
BALU FORGE INDUSTRIES current trailing twelve-month (TTM) dividend yield is 0.02%. Interested in purchasing BALU FORGE INDUSTRIES stock? Use our calculator to estimate your expected dividend yield:
BALU FORGE INDUSTRIES Financial Ratios
P/E ratio57.09
PEG ratio0.57
P/B ratio8.50
ROE22.22%
Payout ratio0.00%
Current ratio3.81
Quick ratio3.27
Cash Ratio0.44
BALU FORGE INDUSTRIES Dividend FAQ
Does BALU FORGE INDUSTRIES stock pay dividends?
BALU FORGE INDUSTRIES does not currently pay dividends to its shareholders.
Has BALU FORGE INDUSTRIES ever paid a dividend?
No, BALU FORGE INDUSTRIES has no a history of paying dividends to its shareholders. BALU FORGE INDUSTRIES is not known for its dividend payments.
Why doesn't BALU FORGE INDUSTRIES pay dividends?
There are several potential reasons why BALU FORGE INDUSTRIES would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will BALU FORGE INDUSTRIES ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While BALU FORGE INDUSTRIES has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is BALU FORGE INDUSTRIES a dividend aristocrat?
BALU FORGE INDUSTRIES is not considered a Dividend Aristocrat. 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 BALU FORGE INDUSTRIES a dividend king?
BALU FORGE INDUSTRIES is not classified as a "Dividend King". 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 BALU FORGE INDUSTRIES a dividend stock?
No, BALU FORGE INDUSTRIES is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy BALU FORGE INDUSTRIES stocks?
To buy BALU FORGE 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy BALU FORGE 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.
Place an order: Use the brokerage's trading platform to place an order to buy BALU FORGE 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.