Creative Newtech Limited distributes information technology (IT)/gaming, imaging, lifestyle, and security products in India and internationally. It offers printers, storage devices and cartridges, as well as PC components, such as monitors, hard disks, CD writers, and CD ROMS; cameras, tripods, and other imaging products and accessories; TVs, headphones, projectors, grooming products, other lifestyle products, and IT accessories; a rage of audio products and air purifiers; and medical products, including thermal scanners, pulse oximeters, thermometers, and masks. The company offers its products through sub distributors, channel partners, e-commerce channels, large format retails, and system integrators. The company was formerly known as Creative Peripherals and Distribution Limited and changed its name to Creative Newtech Limited in August 2021. Creative Newtech Limited was founded in 1992 and is based in Mumbai, India.
Creative Newtech Dividend Announcement
• Creative Newtech announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-09-24. Ex dividend date: 2024-09-23
• Creative Newtech annual dividend for 2024 was ₹0.50
• Creative Newtech annual dividend for 2023 was ₹0.50
• Creative Newtech's trailing twelve-month (TTM) dividend yield is 0.06%
Creative Newtech Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | ₹0.50 | annually | 2024-09-24 |
2023-09-18 | ₹0.50 | annually | 2023-10-25 |
2022-09-22 | ₹0.50 | annually | 2022-10-29 |
2021-09-21 | ₹0.50 | annually | 2021-10-29 |
2020-09-24 | ₹0.50 | annually | 2020-10-16 |
2019-09-19 | ₹0.50 | annually | 2019-10-23 |
2018-09-12 | ₹0.50 | annually | 2018-10-29 |
Creative Newtech Dividend per year
Creative Newtech Dividend growth
Creative Newtech Dividend Yield
Creative Newtech current trailing twelve-month (TTM) dividend yield is 0.06%. Interested in purchasing Creative Newtech stock? Use our calculator to estimate your expected dividend yield:
Creative Newtech Financial Ratios
Creative Newtech Dividend FAQ
Other factors to consider when evaluating Creative Newtech 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: Creative Newtech'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, Creative Newtech 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, Creative Newtech 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 Creative Newtech 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: Creative Newtech 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, Creative Newtech distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Creative Newtech 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 Creative Newtech'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 Creative Newtech'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.