Electrosteel Castings Limited manufactures and supplies ductile iron (DI) pipes, DI fittings and accessories, and cast iron (CI) pipes in India and internationally. It offers DI pipes, such as electrolock restraint joint pipes and fittings; ductile iron pipes and fittings; electro-PUC ductile iron pipes with PU coatings; electrotuff ductile iron pipes and fittings with epoxy coatings; ductile iron fittings; and electrolock joint clamp rings. The company's DI pipes are used in various applications, including raw and clear water transmission; distribution network of potable water; water supply for industrial/process plants; ash-slurry handling and disposal systems; on-shore and off-shore firefighting systems; desalination plants; sewerage and waste water force mains; gravity sewerage collection and disposal systems; storm water drainage piping; domestic and industrial disposal systems; recycling systems; piping work in water and sewage treatment plants; vertical connection to utilities and reservoirs; piling for ground stabilization; and protective piping under carriage-ways. It also provides metallurgical coke, sinter, cement, sponge iron, ferro silicon, pig iron, and silico manganese ferro alloy. The company was formerly known as Dalmia Iron and Steel Ltd. Electrosteel Castings Limited was incorporated in 1955 and is headquartered in Kolkata, India.
Electrosteel Castings Dividend Announcement
• Electrosteel Castings announced a semi annually dividend of ₹0.90 per ordinary share which will be made payable on 2024-09-22. Ex dividend date: 2024-08-16
• Electrosteel Castings annual dividend for 2024 was ₹1.40
• Electrosteel Castings annual dividend for 2023 was ₹0.90
• Electrosteel Castings's trailing twelve-month (TTM) dividend yield is 0.85%
Electrosteel Castings Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-16 | ₹0.90 | semi annually | 2024-09-22 |
2024-02-21 | ₹0.50 | semi annually | |
2023-09-04 | ₹0.90 | semi annually | 2023-10-11 |
2022-09-08 | ₹0.80 | semi annually | 2022-10-16 |
2021-08-26 | ₹0.25 | semi annually | 2021-10-03 |
2020-09-07 | ₹0.30 | semi annually | 2020-10-15 |
2020-08-31 | ₹0.30 | semi annually | |
2018-09-06 | ₹0.30 | semi annually | 2018-10-13 |
2017-09-07 | ₹0.50 | semi annually | 2017-10-14 |
2016-09-01 | ₹0.50 | semi annually | |
2015-09-03 | ₹0.65 | semi annually | 2015-10-10 |
2014-08-20 | ₹0.65 | semi annually | |
2013-08-13 | ₹0.50 | semi annually | 2013-09-21 |
2012-08-30 | ₹0.50 | semi annually | 2012-10-07 |
Electrosteel Castings Dividend per year
Electrosteel Castings Dividend growth
Electrosteel Castings Dividend Yield
Electrosteel Castings current trailing twelve-month (TTM) dividend yield is 0.85%. Interested in purchasing Electrosteel Castings stock? Use our calculator to estimate your expected dividend yield:
Electrosteel Castings Financial Ratios
Electrosteel Castings Dividend FAQ
Other factors to consider when evaluating Electrosteel Castings 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: Electrosteel Castings'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, Electrosteel Castings 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, Electrosteel Castings 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 Electrosteel Castings 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: Electrosteel Castings 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, Electrosteel Castings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Electrosteel Castings 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 Electrosteel Castings'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 Electrosteel Castings'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.