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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 0.32%
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 dateDividend amountDividend typePay date
2024-07-24₹2.00annually2024-08-29
2023-07-28₹2.00annually2023-09-03
2022-08-04₹1.15annually2022-09-10
2021-07-23₹0.80annually2021-09-01
2020-03-18₹1.65annually2020-03-30
2019-07-25₹1.30annually2019-08-28
2018-08-02₹1.20annually2018-09-05
2017-07-20₹1.00annually2017-08-25
2016-07-21₹1.00annually2016-08-28
2015-07-23₹1.00annually2015-08-30
2014-09-08₹1.00annually2014-10-25
2013-07-18₹1.00annually2013-08-30

Elgi Equipments Dividend per year

Elgi Equipments Dividend growth

Elgi Equipments Dividend Yield

Elgi Equipments current trailing twelve-month (TTM) dividend yield is 0.32%. Interested in purchasing Elgi Equipments stock? Use our calculator to estimate your expected dividend yield:

Elgi Equipments Financial Ratios

P/E ratio60.38
PEG ratio4.13
P/B ratio11.48
ROE20.46%
Payout ratio0.00%
Current ratio2.13
Quick ratio1.43
Cash Ratio0.12

Elgi Equipments Dividend FAQ

How much is the next Elgi Equipments dividend?
Elgi Equipments's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Elgi Equipments dividend. The next Elgi Equipments dividend will be released in July.
When is Elgi Equipments dividend paid?
Elgi Equipments pays dividends on a annually basis. The specific dates may vary each year but are generally around July. 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 Elgi Equipments pay?
The specific amount of Elgi Equipments 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 Elgi Equipments's dividend history.
Does Elgi Equipments stock pay dividends?
Yes, Elgi Equipments 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 Elgi Equipments's dividend history.
How much dividend does Elgi Equipments pay?
Elgi Equipments paid ₹2.0 in 2024, ₹2.0 in 2023, ₹1.15 in 2022, ₹0.8 in 2021, and ₹1.65 in 2020.
How often does Elgi Equipments pay dividends?
Elgi Equipments typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around July.
What is Elgi Equipments's dividend yield?
The current dividend yield for Elgi Equipments is 0.32%. 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 Elgi Equipments's exact dividend yield.
When does Elgi Equipments go ex dividend?
Elgi Equipments's ex-dividend date for the latest dividend was on 2024-07-24. Elgi Equipments 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 Elgi Equipments dividend paid?
Elgi Equipments pays dividends on a annually basis, typically around July, but the exact dates can vary each year.
Will Elgi Equipments 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 Elgi Equipments 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 Elgi Equipments dividend per share?
Elgi Equipments paid ₹2.0 per share in 2024 and ₹2.0 per share in 2023. The amount of dividend per share that Elgi Equipments 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 Elgi Equipments 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 Elgi Equipments 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 Elgi Equipments a dividend stock?
Yes, Elgi Equipments is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Elgi Equipments a good dividend stock?
Whether Elgi Equipments is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Elgi Equipments has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Elgi Equipments pay dividends monthly?
Elgi Equipments typically pays dividends on a annually basis.
Does Elgi Equipments pay dividends quarterly?
Elgi Equipments currently pays dividends on a annually basis.
Has Elgi Equipments ever paid a dividend?
Yes, Elgi Equipments has a history of paying dividends to its shareholders. Elgi Equipments is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Elgi Equipments dividend stocks?
To buy Elgi Equipments 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 Elgi Equipments 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 Elgi Equipments pay dividends 2024?
Elgi Equipments pays dividends on a annually basis. 2024 dividend payments are in 2024-08-29. 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 Elgi Equipments increase its dividend in 2024?
Decisions regarding Elgi Equipments 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 Elgi Equipments dividend overview you can look into the above table of dividend history.
How Elgi Equipments dividend works?
The Elgi Equipments 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 Elgi Equipments's dividend process works:

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

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.
How many times does Elgi Equipments pay dividends?
Elgi Equipments typically pays dividends on a 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 Elgi Equipments pay dividends?
The general pattern is that Elgi Equipments pays dividends around July. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Elgi Equipments dividend safe?
The safety of Elgi Equipments'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 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.