Dhanalaxmi Roto Spinners Ltd. engages in the trading of wood pulp, paper, and waste paper. It offers fluff and wood pulp products, including treated and untreated fluff pulp rolls, reclaimed fluff pulp, bleached/unbleached pulp wrappers, off grade, BCTMP, bleached hardwood craft pulp, bleached and unbleached softwood craft pulp, and dissolving pulp products. The company also provides paper products, such as art paper/chromo paper, base paper, binding board, bleached craft, colored board, crape paper, duplex/triplex board, PE coated, craft paper/liner/board, masking tape stock, newsprint printing, paper cup base, PE coated paper cup base, poly cup stock, poly coated paper, solid bleached sulfate board, tea bag paper, tetra-pack, thermal paper, tracing paper, tissue paper, wax paper, wall paper base stock, and wet strength paper products. In addition, it offers pulp substitutes comprising cellulose buds, sack craft bags, NDLKC bleached/unbleached, and cable craft products. Further, the company provides agricultural products, such as cottonseed, cottonseed hull, and cottonseed meal products. The company was founded in 1986 and is headquartered in Hyderabad, India.
Dhanalaxmi Roto Spinners Dividend Announcement
• Dhanalaxmi Roto Spinners announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-07-28. Ex dividend date: 2024-06-21
• Dhanalaxmi Roto Spinners annual dividend for 2024 was ₹1.50
• Dhanalaxmi Roto Spinners annual dividend for 2023 was ₹1.25
• Dhanalaxmi Roto Spinners's trailing twelve-month (TTM) dividend yield is 0.66%
Dhanalaxmi Roto Spinners Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ₹1.50 | annually | 2024-07-28 |
2023-09-22 | ₹1.25 | annually | 2023-10-30 |
2022-09-21 | ₹1.00 | annually | 2022-10-29 |
Dhanalaxmi Roto Spinners Dividend per year
Dhanalaxmi Roto Spinners Dividend growth
Dhanalaxmi Roto Spinners Dividend Yield
Dhanalaxmi Roto Spinners current trailing twelve-month (TTM) dividend yield is 0.66%. Interested in purchasing Dhanalaxmi Roto Spinners stock? Use our calculator to estimate your expected dividend yield:
Dhanalaxmi Roto Spinners Financial Ratios
Dhanalaxmi Roto Spinners Dividend FAQ
Other factors to consider when evaluating Dhanalaxmi Roto Spinners 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: Dhanalaxmi Roto Spinners'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, Dhanalaxmi Roto Spinners 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, Dhanalaxmi Roto Spinners 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 Dhanalaxmi Roto Spinners 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: Dhanalaxmi Roto Spinners 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, Dhanalaxmi Roto Spinners distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Dhanalaxmi Roto Spinners 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 Dhanalaxmi Roto Spinners'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 Dhanalaxmi Roto Spinners'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.