CMI Limited engages in the business of manufacture of wires and cables worldwide. The company offers various type of cables, such as quad, railway signaling, fire survival, fire retardant low smoke zero halogen, flexible multi-core copper shielded abrasion resistant thermoplastic polyurethanes sheathed, polythene insulated jelly filled telecom, fire alarm, communication, ethylene propylene rubber, chloro-sulfonated polyethylene, polychloroprene, silicon, Industrial wiring, instrumentation and control, aerial bunch, low voltage, high voltage, and extra high voltage cables, as well as low, high, and extra high voltage power cables. It also provides flexible and building wires; and bare conductors. CMI Limited serves various industries, including Railways and Metros, Oil and Gas, Petrochemical, Space Research, Nuclear Power, Solar Power, Defence, Mobility, Power Generation, Transmission and Distribution, Cement, Mining, Heavy Industries, Infrastructure, EPC Contractor, Telecom, Steel, etc. The company was formerly known as Choudhari Metal Industries Pvt Ltd. CMI Limited was incorporated in 1967 and is based in Delhi, India.
CMI Dividend Announcement
• CMI announced a annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2020-09-21
• CMI's trailing twelve-month (TTM) dividend yield is -%
CMI Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-09-21 | ₹0.50 | annually | |
2019-09-20 | ₹1.00 | annually | 2019-10-30 |
2018-11-20 | ₹1.00 | annually | 2018-12-29 |
2017-12-21 | ₹1.00 | annually | 2018-01-28 |
CMI Dividend per year
CMI Dividend growth
CMI Dividend Yield
CMI current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing CMI stock? Use our calculator to estimate your expected dividend yield:
CMI Financial Ratios
CMI Dividend FAQ
Other factors to consider when evaluating CMI 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: CMI'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, CMI 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, CMI 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 CMI 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: CMI 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, CMI distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CMI 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 CMI'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 CMI'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.