Dhanlaxmi Fabrics Ltd. is a holding company, which engages in the manufacture, process, and marketing of fabrics, yarn, and garments. The company was founded in 1992 and is headquartered in Mumbai, India.
Dhanlaxmi Fabrics Dividend Announcement
• Dhanlaxmi Fabrics announced a annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2008-09-11
• Dhanlaxmi Fabrics's trailing twelve-month (TTM) dividend yield is -%
Dhanlaxmi Fabrics Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2008-09-11 | ₹0.50 | annually | |
| 2007-09-20 | ₹1.40 | annually | |
| 2006-09-14 | ₹1.40 | annually | |
| 2005-09-08 | ₹1.40 | annually | |
| 2004-09-16 | ₹1.00 | annually | |
| 2003-09-22 | ₹1.00 | annually |
Dhanlaxmi Fabrics Dividend per year
Dhanlaxmi Fabrics Dividend growth
Dhanlaxmi Fabrics Dividend Yield
Dhanlaxmi Fabrics current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Dhanlaxmi Fabrics stock? Use our calculator to estimate your expected dividend yield:
Dhanlaxmi Fabrics Financial Ratios
P/E ratio-10.87
PEG ratio-0.11
P/B ratio1.09
ROE-9.56%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Dhanlaxmi Fabrics Dividend FAQ
Does Dhanlaxmi Fabrics stock pay dividends?
Dhanlaxmi Fabrics does not currently pay dividends to its shareholders.
Has Dhanlaxmi Fabrics ever paid a dividend?
No, Dhanlaxmi Fabrics has no a history of paying dividends to its shareholders. Dhanlaxmi Fabrics is not known for its dividend payments.
Why doesn't Dhanlaxmi Fabrics pay dividends?
There are several potential reasons why Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics a dividend aristocrat?
Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics a dividend king?
Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics a dividend stock?
No, Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics stocks?
To buy Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics 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 Dhanlaxmi Fabrics 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.