Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for OEM markets in India and internationally. The company offers engine cooling modules, such as radiators, charged air coolers, fuel coolers, oil coolers, condensers, sealing gaskets, and static sealing elastomers. Its products are used in passenger cars; light, medium, and heavy commercial vehicle; agricultural tractors; high performance bikes; agriculture harvesters; construction machineries; power generation equipment; traction rail locomotives; and other related equipment applications. The company was incorporated in 1961 and is based in Vadodara, India.
Banco Products Dividend Announcement
• Banco Products announced a semi annually dividend of ₹20.00 per ordinary share which will be made payable on . Ex dividend date: 2024-02-16
• Banco Products annual dividend for 2024 was ₹20.00
• Banco Products annual dividend for 2023 was ₹22.00
• Banco Products's trailing twelve-month (TTM) dividend yield is 2.75%
• Banco Products's dividend growth over the last five years (2018-2023) was 17.08% year
• Banco Products's dividend growth over the last ten years (2013-2023) was 28.44% year
Banco Products Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-02-16 | ₹20.00 | semi annually | |
2023-09-07 | ₹14.00 | semi annually | 2023-09-28 |
2023-02-24 | ₹8.00 | semi annually | 2023-03-15 |
2022-09-06 | ₹20.00 | semi annually | 2022-10-22 |
2021-09-03 | ₹2.00 | semi annually | 2021-10-21 |
2020-03-18 | ₹20.00 | semi annually | 2020-04-10 |
2019-08-07 | ₹3.00 | semi annually | 2019-10-23 |
2019-02-26 | ₹5.00 | semi annually | 2019-03-14 |
2018-09-06 | ₹5.80 | semi annually | 2018-10-22 |
2018-03-27 | ₹4.20 | semi annually | 2018-04-15 |
2017-09-07 | ₹4.00 | semi annually | 2017-10-23 |
2017-01-20 | ₹5.00 | semi annually | 2017-02-10 |
2016-09-01 | ₹4.00 | semi annually | |
2016-02-11 | ₹0.60 | semi annually | |
2015-07-27 | ₹2.50 | semi annually | 2015-09-07 |
2015-02-26 | ₹0.50 | semi annually | 2015-03-15 |
2014-09-11 | ₹0.30 | semi annually | 2014-10-23 |
2014-02-20 | ₹1.70 | semi annually | 2014-03-13 |
2013-09-10 | ₹1.80 | semi annually | 2013-10-31 |
Banco Products Dividend per year
Banco Products Dividend growth
Banco Products Dividend Yield
Banco Products current trailing twelve-month (TTM) dividend yield is 2.75%. Interested in purchasing Banco Products stock? Use our calculator to estimate your expected dividend yield:
Banco Products Financial Ratios
Banco Products Dividend FAQ
Other factors to consider when evaluating Banco Products 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: Banco Products'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, Banco Products 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, Banco Products 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 Banco Products 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: Banco Products 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, Banco Products distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Banco Products 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 Banco Products'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 Banco Products'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.