Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally. The company operates in two segments, Automotive and Industrial. It offers automotive, industrial, genset, solar, inverter, and submarine batteries, as well as home UPS systems and e-rickshaws. The company also provides life insurance products through individual agents, corporate agents, banks, etc.; manufactures and supplies recycled lead and lead alloys; manufactures lead acid automotive and motorcycle batteries; provides energy storage solutions and technical support for manufacturing of lithium ion batteries; and produces and distributes industrial battery chargers, rectifiers, and parts, as well as engages in the non-conventional energy business activities. In addition, it offers solutions in the areas of equipment selection, battery sizing, optimum room layout, installation, operation, and maintenance. Exide Industries Limited sells its batteries under the EXIDE, INDEX, DYNEX, SF SONIC, CHLORIDE, and CEIL brand names through a distribution network of approximately 48,000 direct and indirect dealers. Its products are used in power, solar, railways, telecom, UPS, projects, traction, and other industries. The company was formerly known as Chloride Industries Ltd. and changed its name to Exide Industries Limited in August 1995. Exide Industries Limited was founded in 1916 and is headquartered in Kolkata, India.
Exide Industries Dividend Announcement
• Exide Industries announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-07-22
• Exide Industries annual dividend for 2024 was ₹2.00
• Exide Industries annual dividend for 2023 was ₹2.00
• Exide Industries's trailing twelve-month (TTM) dividend yield is 0.45%
• Exide Industries's dividend growth over the last five years (2018-2023) was -3.58% year
• Exide Industries's dividend growth over the last ten years (2013-2023) was 1.64% year
Exide Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | ₹2.00 | annually | 2024-08-28 |
2023-08-01 | ₹2.00 | annually | 2023-09-07 |
2022-02-07 | ₹2.00 | annually | 2022-03-01 |
2021-02-04 | ₹2.00 | annually | 2021-02-28 |
2020-03-04 | ₹2.50 | annually | 2020-03-25 |
2019-11-18 | ₹1.60 | annually | 2019-12-06 |
2019-07-25 | ₹0.80 | annually | 2019-09-02 |
2018-11-15 | ₹1.60 | annually | 2018-12-08 |
2018-07-25 | ₹0.80 | annually | 2018-09-01 |
2017-11-03 | ₹1.60 | annually | 2017-11-24 |
2017-07-19 | ₹0.80 | annually | 2017-08-26 |
2016-11-03 | ₹1.60 | annually | 2016-11-25 |
2016-07-11 | ₹0.80 | annually | |
2015-11-05 | ₹1.60 | annually | 2015-11-27 |
2015-07-23 | ₹0.70 | annually | 2015-08-30 |
2014-08-21 | ₹1.50 | annually | |
2014-07-11 | ₹0.70 | annually | 2014-08-21 |
2013-11-05 | ₹1.10 | annually | 2013-11-22 |
2013-06-27 | ₹0.60 | annually | 2013-08-14 |
Exide Industries Dividend per year
Exide Industries Dividend growth
Exide Industries Dividend Yield
Exide Industries current trailing twelve-month (TTM) dividend yield is 0.45%. Interested in purchasing Exide Industries stock? Use our calculator to estimate your expected dividend yield:
Exide Industries Financial Ratios
Exide Industries Dividend FAQ
Other factors to consider when evaluating Exide Industries 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: Exide Industries'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, Exide Industries 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, Exide Industries 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 Exide Industries 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: Exide Industries 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, Exide Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Exide Industries 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 Exide Industries'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 Exide Industries'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.