Carnation Industries Ltd. engages in the manufacture of castings and materials for fabricated steel. Its product portfolio includes ductile and grey iron sanitary castings, grey iron valve boxes, ductile and grey iron gulley gratings, ductile iron railway castings, ductile iron glands, accessories for fittings, ductile iron industrial and auto casting, marine items, and counterweights for forklifts. The company was founded in 1982 and is headquartered in Kolkata, India.
Carnation Industries Dividend Announcement
• Carnation Industries announced a annually dividend of ₹0.40 per ordinary share which will be made payable on 2017-10-22. Ex dividend date: 2017-09-14
• Carnation Industries's trailing twelve-month (TTM) dividend yield is -%
Carnation Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2017-09-14 | ₹0.40 | annually | 2017-10-22 |
| 2016-09-20 | ₹0.70 | annually | |
| 2015-09-22 | ₹0.60 | annually | |
| 2014-09-19 | ₹0.80 | annually | |
| 2013-09-19 | ₹0.60 | annually | |
| 2012-09-20 | ₹0.60 | annually | |
| 2011-09-15 | ₹0.40 | annually | |
| 2010-09-16 | ₹0.60 | annually | |
| 2009-08-26 | ₹0.60 | annually | |
| 2008-08-21 | ₹0.50 | annually | |
| 2007-07-25 | ₹0.60 | annually | |
| 2006-07-25 | ₹0.60 | annually |
Carnation Industries Dividend per year
Carnation Industries Dividend growth
Carnation Industries Dividend Yield
Carnation Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Carnation Industries stock? Use our calculator to estimate your expected dividend yield:
Carnation Industries Financial Ratios
P/E ratio-9.85
PEG ratio-0.52
P/B ratio-1.67
ROE23.62%
Payout ratio0.00%
Current ratio0.07
Quick ratio0.07
Cash Ratio0.00
Carnation Industries Dividend FAQ
Does Carnation Industries stock pay dividends?
Carnation Industries does not currently pay dividends to its shareholders.
Has Carnation Industries ever paid a dividend?
No, Carnation Industries has no a history of paying dividends to its shareholders. Carnation Industries is not known for its dividend payments.
Why doesn't Carnation Industries pay dividends?
There are several potential reasons why Carnation 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 Carnation 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 Carnation 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 Carnation Industries a dividend aristocrat?
Carnation 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 Carnation Industries a dividend king?
Carnation 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 Carnation Industries a dividend stock?
No, Carnation 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 Carnation Industries stocks?
To buy Carnation 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 Carnation 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 Carnation 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.