Ceenik Exports (India) Ltd. engages in the business of garment manufacturing and renting of immovable property. It operates through the Garments and Realty and Investments segments. The company was founded in 1995 and is headquartered in Mumbai, India.
Ceenik Exports Dividend Announcement
• Ceenik Exports announced a semi annually dividend of ₹15.00 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-10-31
• Ceenik Exports annual dividend for 2024 was ₹16.00
• Ceenik Exports's trailing twelve-month (TTM) dividend yield is 1.12%
Ceenik Exports Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-31 | ₹15.00 | semi annually | 2024-11-22 |
| 2024-06-21 | ₹1.00 | semi annually | 2024-07-12 |
Ceenik Exports Dividend per year
Ceenik Exports Dividend Yield
Ceenik Exports current trailing twelve-month (TTM) dividend yield is 1.12%. Interested in purchasing Ceenik Exports stock? Use our calculator to estimate your expected dividend yield:
Ceenik Exports Financial Ratios
P/E ratio106.55
PEG ratio1.07
P/B ratio6.45
ROE17.50%
Payout ratio0.00%
Current ratio0.31
Quick ratio0.31
Cash Ratio0.03
Ceenik Exports Dividend FAQ
Does Ceenik Exports stock pay dividends?
Ceenik Exports does not currently pay dividends to its shareholders.
Has Ceenik Exports ever paid a dividend?
No, Ceenik Exports has no a history of paying dividends to its shareholders. Ceenik Exports is not known for its dividend payments.
Why doesn't Ceenik Exports pay dividends?
There are several potential reasons why Ceenik Exports 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 Ceenik Exports 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 Ceenik Exports 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 Ceenik Exports a dividend aristocrat?
Ceenik Exports 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 Ceenik Exports a dividend king?
Ceenik Exports 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 Ceenik Exports a dividend stock?
No, Ceenik Exports 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 Ceenik Exports stocks?
To buy Ceenik Exports 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 Ceenik Exports 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 Ceenik Exports 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.