Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electro minerals in India and internationally. The company operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. It offers bonded and coated abrasives, processed cloth products, polymers, power tools, and coolants; and electro minerals, including fused alumina, silicon carbide, fused zirconia, aluminum zirconia, pearl zirconia, and zircon mullite. The company also provides industrial ceramics, anti-corrosion products, and bio ceramics, which harness the heat resistance/containment, wear resistance, and insulation properties of ceramics, as well as corrosion resistance properties of various materials. In addition, it manufactures super refractories; operates gas-based power generation facility; and provides IT infrastructure facility management, software application development, remote infrastructure management, and IT security management services. The company was incorporated in 1954 and is based in Chennai, India.
Carborundum Universal Dividend Announcement
• Carborundum Universal announced a semi annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-08-21. Ex dividend date: 2024-07-22
• Carborundum Universal annual dividend for 2024 was ₹4.00
• Carborundum Universal annual dividend for 2023 was ₹3.50
• Carborundum Universal's trailing twelve-month (TTM) dividend yield is 0.29%
• Carborundum Universal's dividend growth over the last five years (2018-2023) was 9.24% year
• Carborundum Universal's dividend growth over the last ten years (2013-2023) was 10.84% year
Carborundum Universal Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | ₹2.50 | semi annually | 2024-08-21 |
2024-02-12 | ₹1.50 | semi annually | 2024-02-28 |
2023-07-25 | ₹2.00 | semi annually | 2023-08-24 |
2023-02-10 | ₹1.50 | semi annually | 2023-03-02 |
2022-07-21 | ₹2.00 | semi annually | 2022-08-25 |
2022-02-21 | ₹1.50 | semi annually | 2022-03-12 |
2021-07-22 | ₹1.50 | semi annually | 2021-08-24 |
2021-02-11 | ₹1.50 | semi annually | 2021-02-26 |
2020-03-04 | ₹2.75 | semi annually | 2020-03-11 |
2019-07-22 | ₹1.25 | semi annually | 2019-08-08 |
2019-02-12 | ₹1.50 | semi annually | 2019-02-18 |
2018-07-25 | ₹1.25 | semi annually | 2018-08-10 |
2018-02-23 | ₹1.00 | semi annually | 2018-03-05 |
2017-07-20 | ₹0.75 | semi annually | 2017-08-07 |
2017-02-14 | ₹1.00 | semi annually | 2017-02-24 |
2016-03-17 | ₹0.50 | semi annually | 2016-03-28 |
2016-02-16 | ₹1.00 | semi annually | 2016-03-06 |
2015-07-21 | ₹0.50 | semi annually | 2015-08-07 |
2015-02-09 | ₹0.75 | semi annually | 2015-02-21 |
2014-07-17 | ₹0.50 | semi annually | 2014-08-05 |
2014-02-11 | ₹0.75 | semi annually | 2014-02-20 |
2013-07-17 | ₹0.75 | semi annually | 2013-08-03 |
2013-02-14 | ₹0.50 | semi annually | 2013-02-25 |
Carborundum Universal Dividend per year
Carborundum Universal Dividend growth
Carborundum Universal Dividend Yield
Carborundum Universal current trailing twelve-month (TTM) dividend yield is 0.29%. Interested in purchasing Carborundum Universal stock? Use our calculator to estimate your expected dividend yield:
Carborundum Universal Financial Ratios
Carborundum Universal Dividend FAQ
Other factors to consider when evaluating Carborundum Universal 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: Carborundum Universal'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, Carborundum Universal 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, Carborundum Universal 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 Carborundum Universal 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: Carborundum Universal 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, Carborundum Universal distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Carborundum Universal 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 Carborundum Universal'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 Carborundum Universal'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.