Craftsman Automation Limited operates as an engineering company in India. It operates through three segments: Automotive Powertrain, Automotive Aluminium, and Industrial & Engineering. The Automotive Powertrain segment provides cylinder blocks and cylinder heads, camshafts, transmission parts, gear box housings, turbo charges, and bearing caps. This segment serves original equipment manufacturers producing commercial vehicles, special utility vehicles, tractors, and off-highway vehicles. The Automotive Aluminium segment offers crank case and cylinder blocks for two wheelers, engine and structural parts for passenger vehicles, and gear box housings for heavy commercial vehicle. The Industrial & Engineering segment provides stationary racking for warehouses, V-stores, roll form products, and automated storage and retrieval systems; and SPM and material handling products, gears and gear boxes, tool rooms, mould bases and sheet metals, and aluminium castings for power transmission. The company also exports its products. Craftsman Automation Limited was incorporated in 1986 and is headquartered in Coimbatore, India.
Craftsman Automation Dividend Announcement
• Craftsman Automation announced a annually dividend of ₹11.25 per ordinary share which will be made payable on 2024-06-26. Ex dividend date: 2024-05-20
• Craftsman Automation annual dividend for 2024 was ₹11.25
• Craftsman Automation annual dividend for 2023 was ₹11.25
• Craftsman Automation's trailing twelve-month (TTM) dividend yield is 0.23%
Craftsman Automation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-20 | ₹11.25 | annually | 2024-06-26 |
2023-06-19 | ₹11.25 | annually | 2023-07-26 |
2022-06-09 | ₹3.75 | annually | 2022-07-17 |
Craftsman Automation Dividend per year
Craftsman Automation Dividend growth
Craftsman Automation Dividend Yield
Craftsman Automation current trailing twelve-month (TTM) dividend yield is 0.23%. Interested in purchasing Craftsman Automation stock? Use our calculator to estimate your expected dividend yield:
Craftsman Automation Financial Ratios
Craftsman Automation Dividend FAQ
Other factors to consider when evaluating Craftsman Automation 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: Craftsman Automation'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, Craftsman Automation 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, Craftsman Automation 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 Craftsman Automation 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: Craftsman Automation 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, Craftsman Automation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Craftsman Automation 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 Craftsman Automation'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 Craftsman Automation'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.