Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It provides helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom built gear boxes; customized gear boxes; loose gears; vertical roller mill drives; elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings; and elevator traction machines. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. Elecon Engineering Company Limited serves cement, sugar, defense, steel, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills and ports. The company was founded in 1951 and is based in Vallabh Vidyanagar, India.
Elecon Engineering Dividend Announcement
• Elecon Engineering announced a semi annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-11-17. Ex dividend date: 2024-10-28
• Elecon Engineering annual dividend for 2024 was ₹2.50
• Elecon Engineering annual dividend for 2023 was ₹3.00
• Elecon Engineering's trailing twelve-month (TTM) dividend yield is 0.24%
Elecon Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-28 | ₹0.50 | semi annually | 2024-11-17 |
2024-06-14 | ₹2.00 | semi annually | 2024-07-25 |
2023-10-31 | ₹1.00 | semi annually | 2023-11-19 |
2023-06-09 | ₹2.00 | semi annually | 2023-07-28 |
2022-06-09 | ₹0.40 | semi annually | 2022-07-28 |
2021-07-22 | ₹0.40 | semi annually | 2021-09-05 |
2019-09-06 | ₹0.20 | semi annually | 2019-10-17 |
2018-09-18 | ₹0.20 | semi annually | 2018-10-26 |
2017-07-26 | ₹0.50 | semi annually | 2017-09-02 |
2016-07-18 | ₹1.10 | semi annually | 2016-08-25 |
2015-08-06 | ₹1.10 | semi annually | |
2014-07-18 | ₹1.00 | semi annually | 2014-09-03 |
2013-08-08 | ₹1.00 | semi annually | 2013-09-25 |
2012-07-23 | ₹1.80 | semi annually | 2012-08-30 |
Elecon Engineering Dividend per year
Elecon Engineering Dividend growth
Elecon Engineering Dividend Yield
Elecon Engineering current trailing twelve-month (TTM) dividend yield is 0.24%. Interested in purchasing Elecon Engineering stock? Use our calculator to estimate your expected dividend yield:
Elecon Engineering Financial Ratios
Elecon Engineering Dividend FAQ
Other factors to consider when evaluating Elecon Engineering 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: Elecon Engineering'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, Elecon Engineering 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, Elecon Engineering 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 Elecon Engineering 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: Elecon Engineering 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, Elecon Engineering distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Elecon Engineering 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 Elecon Engineering'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 Elecon Engineering'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.