Dev Information Technology Limited provides information technology enabled services in India. The company offers enterprise resource planning and customer relationship management applications, and application development solutions; and enterprise mobility services, such as mobile application development and mobile device management services. It also provides infrastructure management services, including incident management, problem management, helpdesk, server management, database administration, network and firewall, and consulting and managed services; planning, licensing, and implementation services for office 365 solutions; and cybersecurity services. In addition, the company offers cloud computing services, including cloud advisory, cloud management, cloud migration, managed backups, disaster recovery, and unified communication solutions; and digital commerce, digital marketing, and document digitization services. Further, it licenses software products; and provides digital signatures and SSL certificates. Additionally, the company offers maintenance services for software products, as well as technical support services; and resells software products. Dev Information Technology Limited was incorporated in 1997 and is based in Ahmedabad, India.
Dev Information Technology Dividend Announcement
• Dev Information Technology announced a annually dividend of ₹0.25 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• Dev Information Technology annual dividend for 2024 was ₹0.25
• Dev Information Technology annual dividend for 2023 was ₹0.25
• Dev Information Technology's trailing twelve-month (TTM) dividend yield is 0.17%
• Dev Information Technology's dividend growth over the last five years (2018-2023) was -12.94% year
Dev Information Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | ₹0.25 | annually | 2024-10-30 |
2023-09-22 | ₹0.25 | annually | 2023-10-30 |
2022-09-22 | ₹0.50 | annually | 2022-10-30 |
2021-08-18 | ₹0.50 | annually | 2021-09-01 |
2020-12-22 | ₹0.50 | annually | 2021-01-29 |
2019-09-20 | ₹0.50 | annually | 2019-10-30 |
2018-09-19 | ₹0.50 | annually | 2018-09-24 |
2017-09-20 | ₹0.50 | annually | 2017-10-29 |
Dev Information Technology Dividend per year
Dev Information Technology Dividend growth
Dev Information Technology Dividend Yield
Dev Information Technology current trailing twelve-month (TTM) dividend yield is 0.17%. Interested in purchasing Dev Information Technology stock? Use our calculator to estimate your expected dividend yield:
Dev Information Technology Financial Ratios
Dev Information Technology Dividend FAQ
Other factors to consider when evaluating Dev Information Technology 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: Dev Information Technology'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, Dev Information Technology 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, Dev Information Technology 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 Dev Information Technology 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: Dev Information Technology 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, Dev Information Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Dev Information Technology 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 Dev Information Technology'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 Dev Information Technology'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.