Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low and high voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; electrical switches, sockets, regulators, etc.; and retrofit and non-retrofit CFL lamps, T5 tube lights, and fittings, as well as LED based lighting solutions. In addition, it offers ceiling, table, wall, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, molded case circuit breakers, and distribution boards; conduit pipes and fittings; and water heaters. Further, the company offers its products through online retail stores. It also exports its products to the United States and the United Arab Emirates. Finolex Cables Limited was founded in 1958 and is based in Pune, India.
Finolex Cables Dividend Announcement
• Finolex Cables announced a annually dividend of ₹8.00 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-17
• Finolex Cables annual dividend for 2024 was ₹8.00
• Finolex Cables annual dividend for 2023 was ₹7.00
• Finolex Cables's trailing twelve-month (TTM) dividend yield is 0.61%
• Finolex Cables's dividend growth over the last five years (2018-2023) was 11.84% year
• Finolex Cables's dividend growth over the last ten years (2013-2023) was 19.29% year
Finolex Cables Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | ₹8.00 | annually | 2024-10-27 |
2023-09-22 | ₹7.00 | annually | 2023-10-28 |
2022-09-15 | ₹6.00 | annually | 2022-10-27 |
2021-09-16 | ₹5.50 | annually | 2021-10-29 |
2020-09-17 | ₹5.50 | annually | 2020-10-28 |
2019-09-05 | ₹4.50 | annually | 2019-10-17 |
2018-09-12 | ₹4.00 | annually | 2018-10-24 |
2017-09-14 | ₹3.00 | annually | 2017-10-28 |
2016-08-26 | ₹2.00 | annually | 2016-10-08 |
2015-07-30 | ₹1.80 | annually | 2015-08-19 |
2014-08-27 | ₹1.60 | annually | 2014-09-18 |
2014-07-24 | ₹1.60 | annually | |
2013-06-13 | ₹1.20 | annually | 2013-07-27 |
Finolex Cables Dividend per year
Finolex Cables Dividend growth
Finolex Cables Dividend Yield
Finolex Cables current trailing twelve-month (TTM) dividend yield is 0.61%. Interested in purchasing Finolex Cables stock? Use our calculator to estimate your expected dividend yield:
Finolex Cables Financial Ratios
Finolex Cables Dividend FAQ
Other factors to consider when evaluating Finolex Cables 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: Finolex Cables'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, Finolex Cables 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, Finolex Cables 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 Finolex Cables 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: Finolex Cables 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, Finolex Cables distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Finolex Cables 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 Finolex Cables'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 Finolex Cables'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.