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Dhoot Industrial Finance Ltd. engages in trading chemicals, electronics, paper, commodities, and shares in India. The firm offers carbon di sulphide, compressed hydrogen gas, chloro sulphonic acid, oleum, sodium sulphate, caustic soda lye, sulphuric acid, liquid chlorine, sodium hypochlorite, hydrochloric acid, copper tubes, zinc and copper rods. It also generates power through windmills. The company was founded on October 27, 1978 and is headquartered in Mumbai, India.

Dhoot Industrial Finance Dividend Announcement

Dhoot Industrial Finance announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-20
Dhoot Industrial Finance annual dividend for 2024 was ₹1.50
Dhoot Industrial Finance's trailing twelve-month (TTM) dividend yield is 0.39%

Dhoot Industrial Finance Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-20₹1.50annually2024-10-26

Dhoot Industrial Finance Dividend per year

Dhoot Industrial Finance Dividend Yield

Dhoot Industrial Finance current trailing twelve-month (TTM) dividend yield is 0.39%. Interested in purchasing Dhoot Industrial Finance stock? Use our calculator to estimate your expected dividend yield:

Dhoot Industrial Finance Financial Ratios

P/E ratio1.59
PEG ratio0.02
P/B ratio0.47
ROE35.02%
Payout ratio0.00%
Current ratio4.79
Quick ratio4.79
Cash Ratio0.14

Dhoot Industrial Finance Dividend FAQ

Does Dhoot Industrial Finance stock pay dividends?
Dhoot Industrial Finance does not currently pay dividends to its shareholders.
Has Dhoot Industrial Finance ever paid a dividend?
No, Dhoot Industrial Finance has no a history of paying dividends to its shareholders. Dhoot Industrial Finance is not known for its dividend payments.
Why doesn't Dhoot Industrial Finance pay dividends?
There are several potential reasons why Dhoot Industrial Finance 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.
Will Dhoot Industrial Finance 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 Dhoot Industrial Finance 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 Dhoot Industrial Finance a dividend aristocrat?
Dhoot Industrial Finance 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 Dhoot Industrial Finance a dividend king?
Dhoot Industrial Finance 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 Dhoot Industrial Finance a dividend stock?
No, Dhoot Industrial Finance 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 Dhoot Industrial Finance stocks?
To buy Dhoot Industrial Finance 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 Dhoot Industrial Finance 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.