Divgi TorqTransfer Systems Limited designs, develops, manufactures, and supplies engineered, turnkey solutions, and components to automotive OEMs in India, the United States, China, Korea, Russia, and internationally. It manufactures and supplies various products under the categories of torque transfer systems, which include four wheel-drive and all-wheel-drive products; synchronizer systems for manual transmissions and DCT; and components for torque transfer and synchronizer systems in manual transmission, DCT, and EVs. The company also offers transmission systems for EVs; DCT systems; and rear wheel drive manual transmissions. It serves customers in the automotive industry, including passenger vehicles, utility vehicles, and commercial vehicles. The company was incorporated in 1964 and is based in Pune, India. Divgi TorqTransfer Systems Limited is a subsidiary of Divgi Holdings Private Limited.
Divgi TorqTransfer Systems Dividend Announcement
• Divgi TorqTransfer Systems announced a annually dividend of ₹2.60 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-07-22
• Divgi TorqTransfer Systems annual dividend for 2024 was ₹2.60
• Divgi TorqTransfer Systems annual dividend for 2023 was ₹3.35
• Divgi TorqTransfer Systems's trailing twelve-month (TTM) dividend yield is 0.4%
Divgi TorqTransfer Systems Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | ₹2.60 | annually | 2024-08-28 |
2023-07-24 | ₹3.35 | annually | 2023-08-30 |
Divgi TorqTransfer Systems Dividend per year
Divgi TorqTransfer Systems Dividend Yield
Divgi TorqTransfer Systems current trailing twelve-month (TTM) dividend yield is 0.4%. Interested in purchasing Divgi TorqTransfer Systems stock? Use our calculator to estimate your expected dividend yield:
Divgi TorqTransfer Systems Financial Ratios
Divgi TorqTransfer Systems Dividend FAQ
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.
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