Coromandel International Limited engages in the manufacture and sale of farm inputs in India. The company operates in two segments, Nutrient and Other Allied Business; and Crop Protection. It offers phosphatic and other fertilizers; bio pesticide solutions; single super phosphates; crop protection products, including insecticides, fungicides, herbicides, and bio products, as well as plant growth regulators; specialty nutrients, such as bentonite sulphur, water-soluble and liquid fertilizers, and micronutrients; and organic nutri-booster solutions. The company also provides farming services, such as crop advisory, soil testing, and farm mechanization. In addition, it operates approximately 750 rural retail outlets in Andhra Pradesh, Telangana, and Karnataka. The company also exports its products. The company was formerly known as Coromandel Fertilisers Ltd and changed its name to Coromandel International Limited in September 2009. The company was incorporated in 1961 and is based in Secunderabad, India. Coromandel International Limited is a subsidiary of E.I.D.-Parry (India) Limited.
Coromandel International Dividend Announcement
• Coromandel International announced a semi annually dividend of ₹6.00 per ordinary share which will be made payable on 2024-09-06. Ex dividend date: 2024-07-26
• Coromandel International annual dividend for 2024 was ₹6.00
• Coromandel International annual dividend for 2023 was ₹12.00
• Coromandel International's trailing twelve-month (TTM) dividend yield is 0.34%
• Coromandel International's payout ratio for the trailing twelve months (TTM) is 0.66%
• Coromandel International's dividend growth over the last five years (2018-2023) was 13.05% year
• Coromandel International's dividend growth over the last ten years (2013-2023) was 2.92% year
Coromandel International Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | ₹6.00 | semi annually | 2024-09-06 |
2023-07-14 | ₹6.00 | semi annually | 2023-07-14 |
2023-02-17 | ₹6.00 | semi annually | 2023-02-27 |
2022-07-14 | ₹6.00 | semi annually | 2022-08-26 |
2022-02-14 | ₹6.00 | semi annually | 2022-03-05 |
2021-07-15 | ₹6.00 | semi annually | 2021-08-25 |
2021-02-10 | ₹6.00 | semi annually | 2021-03-03 |
2020-07-16 | ₹12.00 | semi annually | 2020-08-23 |
2019-07-10 | ₹3.50 | semi annually | 2019-08-21 |
2019-01-31 | ₹3.00 | semi annually | 2019-02-20 |
2018-07-19 | ₹3.50 | semi annually | 2018-08-26 |
2018-03-22 | ₹3.00 | semi annually | 2018-04-15 |
2017-07-13 | ₹5.00 | semi annually | 2017-08-27 |
2016-07-14 | ₹4.00 | semi annually | |
2015-07-16 | ₹2.50 | semi annually | 2015-08-26 |
2015-03-27 | ₹2.00 | semi annually | 2015-04-22 |
2014-07-14 | ₹4.50 | semi annually | |
2013-07-15 | ₹4.50 | semi annually | |
2013-06-19 | ₹4.50 | semi annually | 2013-07-31 |
Coromandel International Dividend per year
Coromandel International Dividend growth
Coromandel International Dividend Yield
Coromandel International current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing Coromandel International stock? Use our calculator to estimate your expected dividend yield:
Coromandel International Financial Ratios
Coromandel International Dividend FAQ
Other factors to consider when evaluating Coromandel International 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.
Place an order: Use the brokerage's trading platform to place an order to buy Coromandel International stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Coromandel International'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, Coromandel International 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, Coromandel International 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 Coromandel International 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: Coromandel International 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, Coromandel International distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Coromandel International 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 Coromandel International'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 Coromandel International'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.