Bihar Sponge Iron Ltd. engages in the manufacture and sale of sponge iron. It also produces direct reduce iron from indigenous iron ore and non-coking coal. The company was founded on April 16, 1982 and is headquartered in Kharsawan, India.
Bihar Sponge Iron Dividend Announcement
• Bihar Sponge Iron does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Bihar Sponge Iron dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Bihar Sponge Iron Dividend History
Bihar Sponge Iron Dividend Yield
Bihar Sponge Iron current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Bihar Sponge Iron stock? Use our calculator to estimate your expected dividend yield:
Bihar Sponge Iron Financial Ratios
P/E ratio16.36
PEG ratio0.34
P/B ratio-3.07
ROE-35.69%
Payout ratio0.00%
Current ratio0.71
Quick ratio0.10
Cash Ratio0.02
Bihar Sponge Iron Dividend FAQ
Does Bihar Sponge Iron stock pay dividends?
Bihar Sponge Iron does not currently pay dividends to its shareholders.
Has Bihar Sponge Iron ever paid a dividend?
No, Bihar Sponge Iron has no a history of paying dividends to its shareholders. Bihar Sponge Iron is not known for its dividend payments.
Why doesn't Bihar Sponge Iron pay dividends?
There are several potential reasons why Bihar Sponge Iron 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 Bihar Sponge Iron 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 Bihar Sponge Iron 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 Bihar Sponge Iron a dividend aristocrat?
Bihar Sponge Iron 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 Bihar Sponge Iron a dividend king?
Bihar Sponge Iron 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 Bihar Sponge Iron a dividend stock?
No, Bihar Sponge Iron 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 Bihar Sponge Iron stocks?
To buy Bihar Sponge Iron 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 Bihar Sponge Iron 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 Bihar Sponge Iron 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.