Earthstahl & Alloys Ltd. engages in the manufacture of cast iron lumps and ductile iron pipe fittings. Its business divisions are Submerge Arc Furnace and Lost Foam Foundry. The company was founded on December 9, 2009 and is headquartered in Raipur, India.
Earthstahl & Alloys Dividend Announcement
• Earthstahl & Alloys announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2023-10-28. Ex dividend date: 2023-09-21
• Earthstahl & Alloys's trailing twelve-month (TTM) dividend yield is -%
• Earthstahl & Alloys's payout ratio for the trailing twelve months (TTM) is 37.93%
Earthstahl & Alloys Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-09-21 | ₹0.50 | annually | 2023-10-28 |
Earthstahl & Alloys Dividend per year
Earthstahl & Alloys Dividend Yield
Earthstahl & Alloys current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Earthstahl & Alloys stock? Use our calculator to estimate your expected dividend yield:
Earthstahl & Alloys Financial Ratios
P/E ratio21.12
PEG ratio0.11
P/B ratio1.38
ROE6.63%
Payout ratio37.93%
Current ratio1.03
Quick ratio0.33
Cash Ratio0.07
Earthstahl & Alloys Dividend FAQ
Does Earthstahl & Alloys stock pay dividends?
Earthstahl & Alloys does not currently pay dividends to its shareholders.
Has Earthstahl & Alloys ever paid a dividend?
No, Earthstahl & Alloys has no a history of paying dividends to its shareholders. Earthstahl & Alloys is not known for its dividend payments.
Why doesn't Earthstahl & Alloys pay dividends?
There are several potential reasons why Earthstahl & Alloys 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 Earthstahl & Alloys 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 Earthstahl & Alloys 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 Earthstahl & Alloys a dividend aristocrat?
Earthstahl & Alloys 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 Earthstahl & Alloys a dividend king?
Earthstahl & Alloys 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 Earthstahl & Alloys a dividend stock?
No, Earthstahl & Alloys 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 Earthstahl & Alloys stocks?
To buy Earthstahl & Alloys 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 Earthstahl & Alloys 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 Earthstahl & Alloys 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.