CEAT Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. The company offers rubber tires and tubes for scooters, bikes, three wheelers, cars, buses, LCVs, trucks, and tractors. CEAT Limited also exports its products to approximately 110 countries. The company was formerly known as CEAT Tyres of India Limited and changed its name to CEAT Limited in 1990. CEAT Limited was incorporated in 1958 and is headquartered in Mumbai, India.
CEAT Dividend Announcement
• CEAT announced a annually dividend of ₹30.00 per ordinary share which will be made payable on 2024-09-28. Ex dividend date: 2024-08-09
• CEAT annual dividend for 2024 was ₹30.00
• CEAT annual dividend for 2023 was ₹12.00
• CEAT's trailing twelve-month (TTM) dividend yield is 0.94%
• CEAT's dividend growth over the last five years (2018-2023) was 0.85% year
• CEAT's dividend growth over the last ten years (2013-2023) was 11.61% year
CEAT Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-09 | ₹30.00 | annually | 2024-09-28 |
2023-06-20 | ₹12.00 | annually | 2023-08-03 |
2022-06-10 | ₹3.00 | annually | 2022-07-27 |
2021-08-27 | ₹18.00 | annually | 2021-10-13 |
2020-03-19 | ₹12.00 | annually | 2020-04-11 |
2019-07-18 | ₹12.00 | annually | 2019-08-31 |
2018-07-10 | ₹11.50 | annually | 2018-08-19 |
2017-07-28 | ₹11.50 | annually | 2017-09-07 |
2016-03-22 | ₹11.50 | annually | 2016-03-31 |
2015-08-03 | ₹10.00 | annually | 2015-09-11 |
2014-09-17 | ₹10.00 | annually | 2014-10-01 |
2013-08-12 | ₹4.00 | annually | 2013-08-29 |
CEAT Dividend per year
CEAT Dividend growth
CEAT Dividend Yield
CEAT current trailing twelve-month (TTM) dividend yield is 0.94%. Interested in purchasing CEAT stock? Use our calculator to estimate your expected dividend yield:
CEAT Financial Ratios
CEAT Dividend FAQ
Other factors to consider when evaluating CEAT 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: CEAT'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, CEAT 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, CEAT 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 CEAT 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: CEAT 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, CEAT distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CEAT 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 CEAT'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 CEAT'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.