Delton Cables Ltd. engages in the manufacturing and sale of wire, cable, and switchgears. The firm is supplier to the power, telecommunication, railways, steel and mining sectors in India and in the international markets also. The company was founded by Ram Kumar Gupta in 1948 and is headquartered in Faridabad, India.
Delton Cables Dividend Announcement
• Delton Cables announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-09-17
• Delton Cables annual dividend for 2024 was ₹1.50
• Delton Cables's trailing twelve-month (TTM) dividend yield is 0.19%
Delton Cables Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-17 | ₹1.50 | annually | 2024-10-25 |
| 2012-09-20 | ₹1.50 | annually | |
| 2011-09-22 | ₹1.00 | annually | |
| 2010-09-23 | ₹1.00 | annually | |
| 2009-09-17 | ₹1.00 | annually | |
| 2008-08-21 | ₹1.00 | annually |
Delton Cables Dividend per year
Delton Cables Dividend growth
Delton Cables Dividend Yield
Delton Cables current trailing twelve-month (TTM) dividend yield is 0.19%. Interested in purchasing Delton Cables stock? Use our calculator to estimate your expected dividend yield:
Delton Cables Financial Ratios
P/E ratio31.15
PEG ratio0.31
P/B ratio8.10
ROE40.01%
Payout ratio0.00%
Current ratio1.21
Quick ratio0.64
Cash Ratio0.01
Delton Cables Dividend FAQ
Does Delton Cables stock pay dividends?
Delton Cables does not currently pay dividends to its shareholders.
Has Delton Cables ever paid a dividend?
No, Delton Cables has no a history of paying dividends to its shareholders. Delton Cables is not known for its dividend payments.
Why doesn't Delton Cables pay dividends?
There are several potential reasons why Delton Cables would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Delton Cables ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Delton Cables has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Delton Cables a dividend aristocrat?
Delton Cables is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Delton Cables a dividend king?
Delton Cables is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Delton Cables a dividend stock?
No, Delton Cables is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Delton Cables stocks?
To buy Delton Cables you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Delton Cables 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.
Place an order: Use the brokerage's trading platform to place an order to buy Delton Cables 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.