Candour Techtex Ltd. engages in the manufacture and trade of textiles, plastics, and other items. It operates through the following segments: Textile Division, Plastic Division, Trading Division, and Technical Textiles Division. The company was founded on June 17, 1986 and is headquartered in Mumbai, India.
CANDOUR TECHTEX Dividend Announcement
• CANDOUR TECHTEX does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on CANDOUR TECHTEX dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
CANDOUR TECHTEX Dividend History
CANDOUR TECHTEX Dividend Yield
CANDOUR TECHTEX current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing CANDOUR TECHTEX stock? Use our calculator to estimate your expected dividend yield:
CANDOUR TECHTEX Financial Ratios
P/E ratio-1602.85
PEG ratio-16.03
P/B ratio5.32
ROE-0.66%
Payout ratio0.00%
Current ratio0.93
Quick ratio0.71
Cash Ratio0.38
CANDOUR TECHTEX Dividend FAQ
Does CANDOUR TECHTEX stock pay dividends?
CANDOUR TECHTEX does not currently pay dividends to its shareholders.
Has CANDOUR TECHTEX ever paid a dividend?
No, CANDOUR TECHTEX has no a history of paying dividends to its shareholders. CANDOUR TECHTEX is not known for its dividend payments.
Why doesn't CANDOUR TECHTEX pay dividends?
There are several potential reasons why CANDOUR TECHTEX 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 CANDOUR TECHTEX 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 CANDOUR TECHTEX 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 CANDOUR TECHTEX a dividend aristocrat?
CANDOUR TECHTEX 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 CANDOUR TECHTEX a dividend king?
CANDOUR TECHTEX 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 CANDOUR TECHTEX a dividend stock?
No, CANDOUR TECHTEX 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 CANDOUR TECHTEX stocks?
To buy CANDOUR TECHTEX 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 CANDOUR TECHTEX 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 CANDOUR TECHTEX 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.