Central Depository Services (India) Limited provides depository services in India. The company offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details, and SMS services for depository participants. It also provides facilities to issuers to credit securities to a shareholder's or applicants demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; facilities for holding of insurance policies in electronic form to the holders of these policies; and facilities for holding and transacting in electronic negotiable warehouse receipts. In addition, it offers services, such as electronic access to security information, electronic access to security information and execution of secured transaction, e-voting, e-notices, e-locker, and mobile application. It serves investors through depository participants, issuer companies, capital market intermediaries, insurance companies, and warehouse service providers/warehouses. The company was incorporated in 1997 and is based in Mumbai, India.
Central Depository Services Dividend Announcement
• Central Depository Services announced a annually dividend of ₹19.00 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-07-16
• Central Depository Services annual dividend for 2024 was ₹19.00
• Central Depository Services annual dividend for 2023 was ₹16.00
• Central Depository Services's trailing twelve-month (TTM) dividend yield is 0.62%
• Central Depository Services's dividend growth over the last five years (2018-2023) was 35.52% year
Central Depository Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-16 | ₹19.00 | annually | 2024-09-16 |
2023-08-25 | ₹16.00 | annually | 2023-10-01 |
2022-09-07 | ₹15.00 | annually | 2022-10-15 |
2021-09-13 | ₹9.00 | annually | 2021-10-21 |
2020-09-07 | ₹4.50 | annually | 2020-10-15 |
2019-09-06 | ₹4.00 | annually | 2019-10-16 |
2018-08-09 | ₹3.50 | annually | 2018-09-19 |
Central Depository Services Dividend per year
Central Depository Services Dividend growth
Central Depository Services Dividend Yield
Central Depository Services current trailing twelve-month (TTM) dividend yield is 0.62%. Interested in purchasing Central Depository Services stock? Use our calculator to estimate your expected dividend yield:
Central Depository Services Financial Ratios
Central Depository Services Dividend FAQ
Other factors to consider when evaluating Central Depository Services 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: Central Depository Services'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, Central Depository Services 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, Central Depository Services 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 Central Depository Services 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: Central Depository Services 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, Central Depository Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Central Depository Services 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 Central Depository Services'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 Central Depository Services'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.