DCM Shriram Industries Limited produces and sells sugar, alcohol, power, chemicals, industrial fibers, and defence related products in India, Europe, Japan, China, and internationally. The company operates through three segments: Sugar, Industrial Fibres and Related Products, and Chemicals. It provides various sugar products comprising refined sugar for pharmaceutical and food companies, beverages, dairy products, confectionery, etc.; and sugar cubes and sachets for use in hotels, airlines, railways, hospitals, restaurants, clubs, fast food chains, caterers, and homes. The company also offers bulk alcohol products, such as rectified spirit, extra neutral alcohol, and anhydrous alcohol; and country liquor/IMFL. In addition, it provides various organic and fine chemical products for used in pharma, agrochemicals, fragrance/perfumery, dyes/paints/coatings, and other industries. Further, the company offers rayon products, including rayon yarns, rayon tyre cords, and treated rayon fabrics; nylon products, including chafer fabrics; and chemicals, such as anhydrous sodium sulphate and carbon-di-sulphide. Additionally, it is involved in the manufacture and sale light bullet proof vehicles, unmanned aerial vehicles, armoured vehicles, and drone under the Zebu brand, as well as chemical, cargo, and workshop containers; power generation activities; and provision of hand sanitizers. DCM Shriram Industries Limited was founded in 1889 and is based in New Delhi, India.
DCM Shriram Industries Dividend Announcement
• DCM Shriram Industries announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-04-27. Ex dividend date: 2024-04-10
• DCM Shriram Industries annual dividend for 2024 was ₹2.00
• DCM Shriram Industries annual dividend for 2023 was ₹1.00
• DCM Shriram Industries's trailing twelve-month (TTM) dividend yield is 1.07%
• DCM Shriram Industries's dividend growth over the last five years (2018-2023) was 4.56% year
DCM Shriram Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-10 | ₹2.00 | annually | 2024-04-27 |
2023-02-22 | ₹1.00 | annually | 2023-03-16 |
2022-07-25 | ₹0.50 | annually | 2022-09-07 |
2022-02-23 | ₹1.00 | annually | 2022-03-15 |
2021-08-25 | ₹0.50 | annually | 2021-10-08 |
2021-02-22 | ₹1.00 | annually | 2021-03-13 |
2020-02-18 | ₹1.00 | annually | 2020-03-10 |
2019-08-01 | ₹1.20 | annually | 2019-09-12 |
2018-07-30 | ₹0.80 | annually | 2018-09-10 |
2017-08-10 | ₹1.30 | annually | 2017-09-21 |
DCM Shriram Industries Dividend per year
DCM Shriram Industries Dividend growth
DCM Shriram Industries Dividend Yield
DCM Shriram Industries current trailing twelve-month (TTM) dividend yield is 1.07%. Interested in purchasing DCM Shriram Industries stock? Use our calculator to estimate your expected dividend yield:
DCM Shriram Industries Financial Ratios
DCM Shriram Industries Dividend FAQ
Other factors to consider when evaluating DCM Shriram 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.
Place an order: Use the brokerage's trading platform to place an order to buy DCM Shriram Industries 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: DCM Shriram 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, DCM Shriram 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, DCM Shriram 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 DCM Shriram 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: DCM Shriram 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, DCM Shriram 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: DCM Shriram 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 DCM Shriram 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 DCM Shriram 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.