Cords Cable Industries Limited designs, develops, manufactures, and sells power, control, instrumentation, thermocouple extension/compensating, and communication cables in India. It offers cables, such as fieldbus, fire survival, EPR, low temperature, fire retardant low smoke, low smoke zero halogen, oil and gas, water desalination and special custom designed hybrid, and PV solar cables. The company's control cables are used in interconnection of process control, communication, and panel control systems; electrical cables are applied in electric power, lighting, and internal wiring; and LV power cables are used in connecting power supply to residential, commercial, and industrial units. Its instrumentation, signal, and data cables are applied in data acquisition systems, computer networking, PA systems, digital control/measuring, and communication systems; and thermocouple cables are used to extend thermocouple circuits from the sensor to reference units. The company also exports its products. It serves in power generation, electricity transmission and distribution, oil refining and distribution, petrochemicals, iron and steel, chemicals and fertilizers, cement, and engineering industries. The company was founded in 1987 and is headquartered in New Delhi, India.
Cords Cable Industries Dividend Announcement
• Cords Cable Industries announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-23. Ex dividend date: 2024-09-13
• Cords Cable Industries annual dividend for 2024 was ₹1.00
• Cords Cable Industries's trailing twelve-month (TTM) dividend yield is 0.45%
Cords Cable Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | ₹1.00 | annually | 2024-10-23 |
2010-09-23 | ₹1.00 | annually | 2010-10-30 |
2009-07-16 | ₹1.00 | annually | 2009-09-01 |
2008-09-23 | ₹1.00 | annually | 2008-11-01 |
Cords Cable Industries Dividend per year
Cords Cable Industries Dividend growth
Cords Cable Industries Dividend Yield
Cords Cable Industries current trailing twelve-month (TTM) dividend yield is 0.45%. Interested in purchasing Cords Cable Industries stock? Use our calculator to estimate your expected dividend yield:
Cords Cable Industries Financial Ratios
Cords Cable Industries Dividend FAQ
Other factors to consider when evaluating Cords Cable Industries 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: Cords Cable Industries'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, Cords Cable Industries 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, Cords Cable Industries 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 Cords Cable Industries 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: Cords Cable Industries 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, Cords Cable Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cords Cable Industries 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 Cords Cable Industries'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 Cords Cable Industries'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.