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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 0.26%

Elecon Engineering Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-28₹0.50semi annually2024-11-17
2024-06-14₹2.00semi annually2024-07-25
2023-10-31₹1.00semi annually2023-11-19
2023-06-09₹2.00semi annually2023-07-28
2022-06-09₹0.40semi annually2022-07-28
2021-07-22₹0.40semi annually2021-09-05
2019-09-06₹0.20semi annually2019-10-17
2018-09-18₹0.20semi annually2018-10-26
2017-07-26₹0.50semi annually2017-09-02
2016-07-18₹1.10semi annually2016-08-25
2015-08-06₹1.10semi annually
2014-07-18₹1.00semi annually2014-09-03
2013-08-08₹1.00semi annually2013-09-25
2012-07-23₹1.80semi annually2012-08-30

Elecon Engineering Dividend per year

Elecon Engineering Dividend growth

Elecon Engineering Dividend Yield

Elecon Engineering current trailing twelve-month (TTM) dividend yield is 0.26%. Interested in purchasing Elecon Engineering stock? Use our calculator to estimate your expected dividend yield:

Elecon Engineering Financial Ratios

P/E ratio36.96
PEG ratio1.62
P/B ratio7.48
ROE22.27%
Payout ratio0.00%
Current ratio3.03
Quick ratio2.42
Cash Ratio0.22

Elecon Engineering Dividend FAQ

How much is the next Elecon Engineering dividend?
Elecon Engineering's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Elecon Engineering dividend. The next Elecon Engineering dividend will be released in June, or October.
When is Elecon Engineering dividend paid?
Elecon Engineering pays dividends on a semi annually basis. The specific dates may vary each year but are generally around June, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Elecon Engineering pay?
The specific amount of Elecon Engineering dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Elecon Engineering's dividend history.
Does Elecon Engineering stock pay dividends?
Yes, Elecon Engineering does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Elecon Engineering's dividend history.
How much dividend does Elecon Engineering pay?
Elecon Engineering paid ₹2.5 in 2024, ₹3.0 in 2023, ₹0.4 in 2022, ₹0.4 in 2021, and ₹0.0 in 2020.
How often does Elecon Engineering pay dividends?
Elecon Engineering typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around June, and October.
What is Elecon Engineering's dividend yield?
The current dividend yield for Elecon Engineering is 0.26%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Elecon Engineering's exact dividend yield.
When does Elecon Engineering go ex dividend?
Elecon Engineering's ex-dividend date for the latest dividend was on 2024-10-28. Elecon Engineering typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Elecon Engineering dividend paid?
Elecon Engineering pays dividends on a semi annually basis, typically around June, or October, but the exact dates can vary each year.
Will Elecon Engineering increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Elecon Engineering will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Elecon Engineering dividend per share?
Elecon Engineering paid ₹2.5 per share in 2024 and ₹3.0 per share in 2023. The amount of dividend per share that Elecon Engineering pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Elecon Engineering a dividend aristocrat?
No, 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 Elecon Engineering a dividend king?
No, 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 Elecon Engineering a dividend stock?
Yes, Elecon Engineering is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Elecon Engineering a good dividend stock?
Whether Elecon Engineering is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Elecon Engineering has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Elecon Engineering pay dividends monthly?
Elecon Engineering typically pays dividends on a semi annually basis.
Does Elecon Engineering pay dividends quarterly?
Elecon Engineering currently pays dividends on a semi annually basis.
Has Elecon Engineering ever paid a dividend?
Yes, Elecon Engineering has a history of paying dividends to its shareholders. Elecon Engineering is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Elecon Engineering dividend stocks?
To buy Elecon Engineering 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Elecon Engineering 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.
When does Elecon Engineering pay dividends 2024?
Elecon Engineering pays dividends on a semi annually basis. 2024 dividend payments are in 2024-11-17. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Elecon Engineering increase its dividend in 2024?
Decisions regarding Elecon Engineering dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Elecon Engineering dividend overview you can look into the above table of dividend history.
How Elecon Engineering dividend works?
The Elecon Engineering dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Elecon Engineering's dividend process works:

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.
How are Elecon Engineering dividends paid?
Elecon Engineering dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Elecon Engineering pay dividends?
Elecon Engineering typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Elecon Engineering pay dividends?
The general pattern is that Elecon Engineering pays dividends around June, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Elecon Engineering dividend safe?
The safety of Elecon Engineering's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.