CG Power and Industrial Solutions Limited provides various solutions to utilities, industries, and consumers for the management and application of electrical energy in India and internationally. The company operates through Power Systems and Industrial Systems segments. The Power Systems segment offers power and distribution transformers, switchgears, circuit breakers, instrument transformers, lightning arrestors, isolators, and vacuum interrupters. It also undertakes design, products, procurement, construction, erection, and servicing of turnkey transmission and distribution projects, as well as substation projects. The Industrial Systems segment provides motors, AC generators, drives and automation, soft starters and shaft power monitors, heat exchanger drives with switched reluctance motors, domestic and commercial fans, traction electronics and traction machines for railway transportation, railway signaling equipment, and stampings and laminations, as well as residential, agricultural, and specialty pumps. It also offers services and refurbishment of large rotating machines. The company was formerly known as Crompton Greaves Limited and changed its name to CG Power and Industrial Solutions Limited in February 2017. CG Power and Industrial Solutions Limited was incorporated in 1937 and is headquartered in Mumbai, India.
CG Power and Industrial Solutions Dividend Announcement
• CG Power and Industrial Solutions announced a annually dividend of ₹1.30 per ordinary share which will be made payable on 2024-02-22. Ex dividend date: 2024-02-05
• CG Power and Industrial Solutions annual dividend for 2024 was ₹1.30
• CG Power and Industrial Solutions annual dividend for 2023 was ₹1.50
• CG Power and Industrial Solutions's trailing twelve-month (TTM) dividend yield is 0.18%
CG Power and Industrial Solutions Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-02-05 | ₹1.30 | annually | 2024-02-22 |
2023-03-15 | ₹1.50 | annually | 2023-03-29 |
2015-02-06 | ₹0.40 | annually | 2015-02-18 |
2014-10-22 | ₹0.40 | annually | 2014-11-05 |
2014-07-30 | ₹0.40 | annually | 2014-08-12 |
2014-02-04 | ₹0.40 | annually | 2014-02-14 |
2013-11-13 | ₹0.40 | annually | 2013-11-25 |
2013-07-25 | ₹0.40 | annually | 2013-08-06 |
2012-11-07 | ₹0.40 | annually | 2012-11-20 |
2012-07-26 | ₹0.40 | annually | 2012-08-08 |
2012-03-29 | ₹0.40 | annually | 2012-04-12 |
2012-02-03 | ₹0.20 | annually | 2012-02-14 |
2011-10-24 | ₹0.80 | annually | 2011-11-04 |
2011-03-28 | ₹0.60 | annually | 2011-04-11 |
2011-02-03 | ₹0.80 | annually | 2011-02-14 |
2010-10-29 | ₹0.80 | annually | 2010-11-12 |
2010-02-04 | ₹1.40 | annually | 2010-02-16 |
2009-10-30 | ₹0.80 | annually | 2009-12-01 |
2009-03-30 | ₹0.50 | annually | 2009-05-01 |
2009-01-29 | ₹0.80 | annually | 2009-03-01 |
2008-10-27 | ₹0.70 | annually | 2008-12-01 |
2008-04-03 | ₹0.40 | annually | 2008-04-17 |
2008-02-04 | ₹0.80 | annually | 2008-03-01 |
2007-11-02 | ₹0.40 | annually | 2007-12-01 |
2007-03-23 | ₹0.50 | annually | 2007-04-10 |
2007-02-01 | ₹0.50 | annually | |
2006-10-26 | ₹0.40 | annually | 2006-11-11 |
2006-04-05 | ₹2.50 | annually | 2006-04-22 |
2006-02-02 | ₹2.50 | annually | 2006-02-18 |
CG Power and Industrial Solutions Dividend per year
CG Power and Industrial Solutions Dividend growth
CG Power and Industrial Solutions Dividend Yield
CG Power and Industrial Solutions current trailing twelve-month (TTM) dividend yield is 0.18%. Interested in purchasing CG Power and Industrial Solutions stock? Use our calculator to estimate your expected dividend yield:
CG Power and Industrial Solutions Financial Ratios
CG Power and Industrial Solutions Dividend FAQ
Other factors to consider when evaluating CG Power and Industrial Solutions 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: CG Power and Industrial Solutions'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, CG Power and Industrial Solutions 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, CG Power and Industrial Solutions 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 CG Power and Industrial Solutions 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: CG Power and Industrial Solutions 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, CG Power and Industrial Solutions distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CG Power and Industrial Solutions 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 CG Power and Industrial Solutions'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 CG Power and Industrial Solutions'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.