Elgi Equipments Limited manufactures and sells air compressors and related parts in India and internationally. It operates through two segments, Air Compressors and Automotive Equipments. The company offers oil lubricated screw and piston air compressors; oil free piston and screw air compressors; rotary and reciprocating air compressors; diesel and electric powered portable air compressors; railway air compressors; heat recovery systems; and medical air compressors, as well as air accessories. It is also involved in the trading of air compressors, nitrogen systems, and altitude training systems; manufacture and trading of automotive garage equipment; marketing and sale of vacuum pumps for medical applications; provision of design services; and rental of properties. The company serves manufacturing, textile, pharmaceutical, agriculture, mining, healthcare, automotive, and construction industries. Elgi Equipments Limited was incorporated in 1960 and is based in Coimbatore, India.
Elgi Equipments Dividend Announcement
• Elgi Equipments announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-07-24
• Elgi Equipments annual dividend for 2024 was ₹2.00
• Elgi Equipments annual dividend for 2023 was ₹2.00
• Elgi Equipments's trailing twelve-month (TTM) dividend yield is 0.31%
• Elgi Equipments's dividend growth over the last five years (2018-2023) was 10.76% year
• Elgi Equipments's dividend growth over the last ten years (2013-2023) was 7.18% year
Elgi Equipments Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-24 | ₹2.00 | annually | 2024-08-29 |
2023-07-28 | ₹2.00 | annually | 2023-09-03 |
2022-08-04 | ₹1.15 | annually | 2022-09-10 |
2021-07-23 | ₹0.80 | annually | 2021-09-01 |
2020-03-18 | ₹1.65 | annually | 2020-03-30 |
2019-07-25 | ₹1.30 | annually | 2019-08-28 |
2018-08-02 | ₹1.20 | annually | 2018-09-05 |
2017-07-20 | ₹1.00 | annually | 2017-08-25 |
2016-07-21 | ₹1.00 | annually | 2016-08-28 |
2015-07-23 | ₹1.00 | annually | 2015-08-30 |
2014-09-08 | ₹1.00 | annually | 2014-10-25 |
2013-07-18 | ₹1.00 | annually | 2013-08-30 |
Elgi Equipments Dividend per year
Elgi Equipments Dividend growth
Elgi Equipments Dividend Yield
Elgi Equipments current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing Elgi Equipments stock? Use our calculator to estimate your expected dividend yield:
Elgi Equipments Financial Ratios
Elgi Equipments Dividend FAQ
Other factors to consider when evaluating Elgi Equipments 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: Elgi Equipments'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, Elgi Equipments 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, Elgi Equipments 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 Elgi Equipments 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: Elgi Equipments 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, Elgi Equipments distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Elgi Equipments 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 Elgi Equipments'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 Elgi Equipments'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.