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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 0.38%

Divgi TorqTransfer Systems Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-22₹2.60annually2024-08-28
2023-07-24₹3.35annually2023-08-30

Divgi TorqTransfer Systems Dividend per year

Divgi TorqTransfer Systems Dividend Yield

Divgi TorqTransfer Systems current trailing twelve-month (TTM) dividend yield is 0.38%. Interested in purchasing Divgi TorqTransfer Systems stock? Use our calculator to estimate your expected dividend yield:

Divgi TorqTransfer Systems Financial Ratios

P/E ratio65.12
PEG ratio1.22
P/B ratio3.60
ROE5.61%
Payout ratio0.00%
Current ratio7.42
Quick ratio6.74
Cash Ratio0.46

Divgi TorqTransfer Systems Dividend FAQ

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