Dynamic Cables Limited engages in manufacture and supply of cables and conductors for private and government clients in India and internationally. The company offers aluminum alloy, aluminum conductor steel reinforced, AA conductors, and bare copper conductors; high voltage power cables, medium voltage (MV) covered conductors, MV and KV HV power cables, and MV and LV aerial bunched cables; copper and aluminum power cables, control cables, and concentric cables; railway signaling cables; and galvanized stay wires/earth wires. Its products are used in power generation, and electricity transmission and distribution, as well as airports, railways, and residential projects. The company was incorporated in 2007 and is based in Jaipur, India.
Dynamic Cables Dividend Announcement
• Dynamic Cables announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-24
• Dynamic Cables annual dividend for 2024 was ₹0.50
• Dynamic Cables annual dividend for 2023 was ₹0.50
• Dynamic Cables's trailing twelve-month (TTM) dividend yield is 0.06%
• Dynamic Cables's dividend growth over the last five years (2018-2023) was 14.87% year
Dynamic Cables Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-24 | ₹0.50 | annually | 2024-08-30 |
2023-08-02 | ₹0.50 | annually | 2023-09-08 |
2022-08-12 | ₹0.50 | annually | 2022-09-23 |
2021-08-27 | ₹0.25 | annually | 2021-10-06 |
2020-09-22 | ₹0.25 | annually | 2020-10-30 |
2019-08-14 | ₹0.25 | annually | 2019-09-20 |
2018-09-19 | ₹0.25 | annually | 2018-10-30 |
Dynamic Cables Dividend per year
Dynamic Cables Dividend growth
Dynamic Cables Dividend Yield
Dynamic Cables current trailing twelve-month (TTM) dividend yield is 0.06%. Interested in purchasing Dynamic Cables stock? Use our calculator to estimate your expected dividend yield:
Dynamic Cables Financial Ratios
Dynamic Cables Dividend FAQ
Other factors to consider when evaluating Dynamic Cables 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: Dynamic Cables'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, Dynamic Cables 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, Dynamic Cables 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 Dynamic Cables 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: Dynamic Cables 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, Dynamic Cables distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Dynamic Cables 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 Dynamic Cables'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 Dynamic Cables'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.