Eastern Treads Ltd. engages in the business of manufacturing and dealing of tread rubber, rubber based adhesives, tyre retreading accessories and retreading services. Its products include precured tread rubber, hot rubber slab and camel back treads, bonding gum, radial patches and tyre patches, and black volcanizing cement. The company was founded by M. E. Meeran on July 2, 1993 and is headquartered in Ernakulam, India.
Eastern Treads Dividend Announcement
• Eastern Treads announced a semi annually dividend of ₹0.50 per ordinary share which will be made payable on 2017-08-05. Ex dividend date: 2017-06-29
• Eastern Treads's trailing twelve-month (TTM) dividend yield is -%
Eastern Treads Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2017-06-29 | ₹0.50 | semi annually | 2017-08-05 |
| 2016-05-26 | ₹0.50 | semi annually | |
| 2016-02-01 | ₹0.50 | semi annually | |
| 2015-07-21 | ₹0.50 | semi annually |
Eastern Treads Dividend per year
Eastern Treads Dividend growth
Eastern Treads Dividend Yield
Eastern Treads current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Eastern Treads stock? Use our calculator to estimate your expected dividend yield:
Eastern Treads Financial Ratios
P/E ratio-7.74
PEG ratio1.37
P/B ratio-2.49
ROE66.52%
Payout ratio0.00%
Current ratio0.62
Quick ratio0.42
Cash Ratio0.04
Eastern Treads Dividend FAQ
Does Eastern Treads stock pay dividends?
Eastern Treads does not currently pay dividends to its shareholders.
Has Eastern Treads ever paid a dividend?
No, Eastern Treads has no a history of paying dividends to its shareholders. Eastern Treads is not known for its dividend payments.
Why doesn't Eastern Treads pay dividends?
There are several potential reasons why Eastern Treads 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 Eastern Treads 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 Eastern Treads 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 Eastern Treads a dividend aristocrat?
Eastern Treads 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 Eastern Treads a dividend king?
Eastern Treads 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 Eastern Treads a dividend stock?
No, Eastern Treads 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 Eastern Treads stocks?
To buy Eastern Treads 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 Eastern Treads 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 Eastern Treads 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.