CIE Automotive India Limited manufactures and sells automotive components to original equipment manufacturers and other customers in India and Europe. It offers forging products, such as crankshafts, steering components, and other forged products; stampings, including body systems, chassis systems, and assembly; gears and shafts; axle and transmission parts, engine parts, and other products; magnetic products comprising permanent magnets, soft ferrite cores, impeder cores, and magnetic induction lightings; sheet and dough molding compounds; auto parts, medical equipment covers, and windmill parts; and aluminum casting products. The company also provides oil sumps, turbo housings, exhaust manifolds, passive entry antenna components, synchro and cast hubs, and planetary carriers; differential and carrier housing, electrical, transmission/driveline, and suspension products; knuckles/stub axles, brake calipers, spring saddles, hoods, fenders, bonnets, foot plates, front grills, front axle support products, and stamped cabin components; and lift arms, rocker arms, trunion brackets, and toppling cranks. It offers its products for use in cars, utility vehicles, commercial vehicles, tractors, off road vehicles, and two-wheelers. The company was formerly known as Mahindra CIE Automotive Limited and changed its name to CIE Automotive India Limited in June 2023. The company was incorporated in 1999 and is based in Mumbai, India. CIE Automotive India Limited is a subsidiary of Participaciones Internacionales Autometal, Dos S.L.
CIE Automotive India Dividend Announcement
• CIE Automotive India announced a annually dividend of ₹5.00 per ordinary share which will be made payable on 2024-07-20. Ex dividend date: 2024-06-13
• CIE Automotive India annual dividend for 2024 was ₹5.00
• CIE Automotive India annual dividend for 2023 was ₹2.50
• CIE Automotive India's trailing twelve-month (TTM) dividend yield is 1.0%
CIE Automotive India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ₹5.00 | annually | 2024-07-20 |
2023-06-02 | ₹2.50 | annually | 2023-07-09 |
2022-04-13 | ₹2.50 | annually | 2022-05-25 |
CIE Automotive India Dividend per year
CIE Automotive India Dividend growth
CIE Automotive India Dividend Yield
CIE Automotive India current trailing twelve-month (TTM) dividend yield is 1.0%. Interested in purchasing CIE Automotive India stock? Use our calculator to estimate your expected dividend yield:
CIE Automotive India Financial Ratios
CIE Automotive India Dividend FAQ
Other factors to consider when evaluating CIE Automotive India 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: CIE Automotive India'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, CIE Automotive India 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, CIE Automotive India 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 CIE Automotive India 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: CIE Automotive India 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, CIE Automotive India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CIE Automotive India 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 CIE Automotive India'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 CIE Automotive India'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.