Gandhi Special Tubes Limited manufactures and markets welded and seamless steel tubes, and nuts in India. The company offers cold drawn bright annealed seamless steel tubes; precision electric resistance welded steel tubes; cold formed coupling nuts; and high pressure diesel fuel injection tubes. It supplies its products primarily to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, and other engineering industries. The company is also involved in the wind power generation activities in Maharashtra and Gujarat. It exports its products. The company was formerly known as Gandhi Special 07 Tubes Ltd. Gandhi Special Tubes Limited was incorporated in 1985 and is based in Mumbai, India.
Gandhi Special Tubes Dividend Announcement
• Gandhi Special Tubes announced a annually dividend of ₹13.00 per ordinary share which will be made payable on 2024-09-11. Ex dividend date: 2024-08-05
• Gandhi Special Tubes annual dividend for 2024 was ₹13.00
• Gandhi Special Tubes annual dividend for 2023 was ₹12.00
• Gandhi Special Tubes's trailing twelve-month (TTM) dividend yield is 1.62%
• Gandhi Special Tubes's dividend growth over the last five years (2018-2023) was 5.92% year
• Gandhi Special Tubes's dividend growth over the last ten years (2013-2023) was 7.18% year
Gandhi Special Tubes Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | ₹13.00 | annually | 2024-09-11 |
2023-07-28 | ₹12.00 | annually | 2023-08-28 |
2022-06-30 | ₹10.00 | annually | 2022-08-25 |
2021-07-29 | ₹9.00 | annually | 2021-09-09 |
2020-09-10 | ₹9.00 | annually | 2020-10-22 |
2019-07-11 | ₹9.00 | annually | 2019-08-30 |
2018-08-02 | ₹9.00 | annually | 2018-09-12 |
2017-02-02 | ₹9.00 | annually | 2017-02-15 |
2016-01-28 | ₹7.50 | annually | 2016-02-10 |
2015-02-02 | ₹7.50 | annually | 2015-02-16 |
2014-02-03 | ₹6.00 | annually | 2014-04-20 |
2013-02-01 | ₹6.00 | annually |
Gandhi Special Tubes Dividend per year
Gandhi Special Tubes Dividend growth
Gandhi Special Tubes Dividend Yield
Gandhi Special Tubes current trailing twelve-month (TTM) dividend yield is 1.62%. Interested in purchasing Gandhi Special Tubes stock? Use our calculator to estimate your expected dividend yield:
Gandhi Special Tubes Financial Ratios
Gandhi Special Tubes Dividend FAQ
Other factors to consider when evaluating Gandhi Special Tubes 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: Gandhi Special Tubes'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, Gandhi Special Tubes 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, Gandhi Special Tubes 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 Gandhi Special Tubes 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: Gandhi Special Tubes 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, Gandhi Special Tubes distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gandhi Special Tubes 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 Gandhi Special Tubes'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 Gandhi Special Tubes'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.