Electrotherm (India) Limited manufactures and markets induction furnace, casting machines, transformers, sponge and pig iron, ferrous and non-ferrous billets/bars/ingots, duct iron pipes, transmission line towers, battery operated vehicles, and services related to steel melting and other capital equipment in India and internationally. It operates through four segments: Engineering & Project, Special Steel, Electric Vehicle, and Others. The company offers induction melting furnaces, metal refining converters, refining furnaces, continuous casting machines, and induction heating and hardening equipment for heat treatment. It also provides cut and bend TMT bars, epoxy coated TMT bars, refined steel, and other steel products; structures for transmission line towers, power sub-stations, solar power plants; and converter, furnace, and special duty transformers. In addition, the company offers electric bikes and scooters under the Yo Bykes brand name. Further, it provides solar PV rooftop and ground-mounted solutions to the industrial and commercial sectors. Electrotherm (India) Limited was founded in 1983 and is headquartered in Ahmedabad, India.
Electrotherm Dividend Announcement
• Electrotherm announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2010-10-24. Ex dividend date: 2010-09-16
• Electrotherm's trailing twelve-month (TTM) dividend yield is -%
Electrotherm Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2010-09-16 | ₹2.50 | annually | 2010-10-24 |
2009-09-03 | ₹2.50 | annually | 2009-10-01 |
2008-06-12 | ₹2.50 | annually | 2008-08-01 |
Electrotherm Dividend per year
Electrotherm Dividend growth
Electrotherm Dividend Yield
Electrotherm current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Electrotherm stock? Use our calculator to estimate your expected dividend yield:
Electrotherm Financial Ratios
Electrotherm Dividend FAQ
Other factors to consider when evaluating Electrotherm 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: Electrotherm'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, Electrotherm 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, Electrotherm 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 Electrotherm 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: Electrotherm 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, Electrotherm distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Electrotherm 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 Electrotherm'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 Electrotherm'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.