Elgi Rubber Company Limited, together with its subsidiaries, engages in the manufacture and sale of reclaimed rubber, retreading machinery, and retread rubber in India and internationally. It offers tire retread and repair systems under the Jet brand name; buffing machine, air control, and dust collection systems, as well as hubs and rims under the CRS brand; retread auxiliary machines, exhaust, rubber dust handling, and monorail and tire handling equipment under the Armonas brand name; rasp blades, hubs, and spacers under the Pincott brand name; and brazed carbide tools under the Carbrasive brand name. The company also provides gums, adhesives, and sealants under the Midwest Rubber brand name; tire and tube repair products under the Westernweld name; reclaimed rubber under the Ecorr brand name; and coloured and black rubber compounds under the Rubber Compounding Holland brand. Elgi Rubber Company Limited was incorporated in 2006 and is headquartered in Coimbatore, India.
Elgi Rubber Dividend Announcement
• Elgi Rubber announced a annually dividend of ₹0.16 per ordinary share which will be made payable on 2020-03-30. Ex dividend date: 2020-03-18
• Elgi Rubber's trailing twelve-month (TTM) dividend yield is -%
Elgi Rubber Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-03-18 | ₹0.16 | annually | 2020-03-30 |
2017-08-16 | ₹0.13 | annually | 2017-09-25 |
2016-09-01 | ₹0.37 | annually | |
2015-09-16 | ₹0.21 | annually | 2015-10-26 |
2014-09-18 | ₹0.37 | annually | 2014-10-27 |
2013-08-01 | ₹0.80 | annually | |
2012-08-02 | ₹0.50 | annually | 2012-09-12 |
2010-08-12 | ₹0.10 | annually | 2010-09-29 |
Elgi Rubber Dividend per year
Elgi Rubber Dividend growth
Elgi Rubber Dividend Yield
Elgi Rubber current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Elgi Rubber stock? Use our calculator to estimate your expected dividend yield:
Elgi Rubber Financial Ratios
Elgi Rubber Dividend FAQ
Other factors to consider when evaluating Elgi Rubber 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 Rubber'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 Rubber 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 Rubber 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 Rubber 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 Rubber 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 Rubber 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 Rubber 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 Rubber'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 Rubber'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.