Eimco Elecon (India) Limited manufactures and sells equipment for mining and construction sector in India. It offers side dump loaders, load haul dumpers, coal haulers, roof bolters, shuttle cars, continuous miner package, universal drill machines, articulated wheel loaders, foundation equipment, low profile dump trucks, rocker shovel loaders, and underground transport systems, as well as piling rigs, air motors, and chair lift man riding systems. The company also exports its products to South East Asia and Africa. Eimco Elecon (India) Limited was incorporated in 1974 and is headquartered in Vallabh Vidyanagar, India.
Eimco Elecon Dividend Announcement
• Eimco Elecon announced a annually dividend of ₹5.00 per ordinary share which will be made payable on 2024-07-25. Ex dividend date: 2024-06-14
• Eimco Elecon annual dividend for 2024 was ₹5.00
• Eimco Elecon annual dividend for 2023 was ₹5.00
• Eimco Elecon's trailing twelve-month (TTM) dividend yield is 0.19%
• Eimco Elecon's dividend growth over the last ten years (2013-2023) was 2.26% year
Eimco Elecon Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ₹5.00 | annually | 2024-07-25 |
2023-06-16 | ₹5.00 | annually | 2023-07-28 |
2022-06-16 | ₹2.50 | annually | 2022-07-27 |
2021-07-22 | ₹5.00 | annually | 2021-09-04 |
2020-07-31 | ₹5.00 | annually | 2020-09-09 |
2019-07-17 | ₹7.00 | annually | 2019-08-24 |
2018-07-23 | ₹5.00 | annually | 2018-08-30 |
2017-07-25 | ₹5.00 | annually | 2017-09-01 |
2016-07-15 | ₹5.00 | annually | |
2015-08-03 | ₹5.00 | annually | 2015-08-17 |
2014-07-25 | ₹4.00 | annually | 2014-09-04 |
2013-07-18 | ₹4.00 | annually | 2013-08-31 |
Eimco Elecon Dividend per year
Eimco Elecon Dividend growth
Eimco Elecon Dividend Yield
Eimco Elecon current trailing twelve-month (TTM) dividend yield is 0.19%. Interested in purchasing Eimco Elecon stock? Use our calculator to estimate your expected dividend yield:
Eimco Elecon Financial Ratios
Eimco Elecon Dividend FAQ
Other factors to consider when evaluating Eimco Elecon 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: Eimco Elecon'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, Eimco Elecon 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, Eimco Elecon 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 Eimco Elecon 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: Eimco Elecon 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, Eimco Elecon distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eimco Elecon 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 Eimco Elecon'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 Eimco Elecon'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.