Gallantt Metal Limited produces and sells iron, steel, and power in India and internationally. The company operates through Iron and Steel; and Power segments. It offers sponge iron, mild steel billets, and re-rolled products. Gallantt Metal Limited was incorporated in 2005 and is headquartered in Gorakhpur, India.
Gallantt Metal Dividend Announcement
• Gallantt Metal announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• Gallantt Metal annual dividend for 2024 was ₹1.00
• Gallantt Metal's trailing twelve-month (TTM) dividend yield is 0.29%
Gallantt Metal Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-23 | ₹1.00 | annually | 2024-10-30 |
| 2019-09-18 | ₹0.25 | annually | 2019-10-26 |
| 2018-09-18 | ₹0.25 | annually | 2018-10-27 |
Gallantt Metal Dividend per year
Gallantt Metal Dividend Yield
Gallantt Metal current trailing twelve-month (TTM) dividend yield is 0.29%. Interested in purchasing Gallantt Metal stock? Use our calculator to estimate your expected dividend yield:
Gallantt Metal Financial Ratios
P/E ratio26.16
PEG ratio0.68
P/B ratio3.38
ROE13.64%
Payout ratio0.00%
Current ratio2.33
Quick ratio1.39
Cash Ratio0.00
Gallantt Metal Dividend FAQ
Does Gallantt Metal stock pay dividends?
Gallantt Metal does not currently pay dividends to its shareholders.
Has Gallantt Metal ever paid a dividend?
No, Gallantt Metal has no a history of paying dividends to its shareholders. Gallantt Metal is not known for its dividend payments.
Why doesn't Gallantt Metal pay dividends?
There are several potential reasons why Gallantt Metal would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Gallantt Metal ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Gallantt Metal has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Gallantt Metal a dividend aristocrat?
Gallantt Metal is not considered a Dividend Aristocrat. 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 Gallantt Metal a dividend king?
Gallantt Metal is not classified as a "Dividend King". 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 Gallantt Metal a dividend stock?
No, Gallantt Metal is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Gallantt Metal stocks?
To buy Gallantt Metal 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Gallantt Metal 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.
Place an order: Use the brokerage's trading platform to place an order to buy Gallantt Metal 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.