Garden Reach Shipbuilders & Engineers Limited engages in the construction of war ships in India. The company offers frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet replenishment tankers, fast patrol vessels, offshore patrol vessels, inshore patrol vessels, water jet fast attack craft, hovercrafts, and fast interceptor boats to the Indian Navy, Indian Coast Guard, and other governments. It also provides portable bridges, deck machinery items, marine pumps, anchor capstan, anchor windlass, mooring and dock capstan, general purpose davits, ammunition davit/ rocket launcher davit, electric boat and electro-hydraulic boat davits, electro-hydraulic deck cranes, survey motorboat and hydrographic davits, oceanographic winch, anchor cum general purpose winches for beaching operations, telescopic hangars, helo traversing systems, and various types of naval pumps. In addition, the company engages in the testing and overhauling of marine propulsion engines, as well as assembly of semi-knocked down units of diesel engines. Garden Reach Shipbuilders & Engineers Limited was incorporated in 1934 and is based in Kolkata, India.
Garden Reach Shipbuilders & Engineers Dividend Announcement
• Garden Reach Shipbuilders & Engineers announced a semi annually dividend of ₹1.44 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
• Garden Reach Shipbuilders & Engineers annual dividend for 2024 was ₹9.36
• Garden Reach Shipbuilders & Engineers annual dividend for 2023 was ₹6.20
• Garden Reach Shipbuilders & Engineers's trailing twelve-month (TTM) dividend yield is 0.65%
Garden Reach Shipbuilders & Engineers Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | ₹1.44 | semi annually | 2024-10-20 |
2024-02-23 | ₹7.92 | semi annually | 2024-03-14 |
2023-09-15 | ₹0.70 | semi annually | 2023-10-22 |
2023-02-20 | ₹5.50 | semi annually | 2023-03-12 |
2022-09-16 | ₹0.85 | semi annually | 2022-10-26 |
2022-02-22 | ₹4.95 | semi annually | 2022-03-13 |
2021-09-02 | ₹1.15 | semi annually | 2021-10-10 |
2021-02-17 | ₹3.85 | semi annually | 2021-03-11 |
2020-09-03 | ₹1.40 | semi annually | 2020-10-11 |
2020-03-26 | ₹5.74 | semi annually | 2020-04-18 |
2019-09-12 | ₹5.10 | semi annually | 2019-10-20 |
2019-03-27 | ₹1.85 | semi annually | 2019-03-29 |
Garden Reach Shipbuilders & Engineers Dividend per year
Garden Reach Shipbuilders & Engineers Dividend growth
Garden Reach Shipbuilders & Engineers Dividend Yield
Garden Reach Shipbuilders & Engineers current trailing twelve-month (TTM) dividend yield is 0.65%. Interested in purchasing Garden Reach Shipbuilders & Engineers stock? Use our calculator to estimate your expected dividend yield:
Garden Reach Shipbuilders & Engineers Financial Ratios
Garden Reach Shipbuilders & Engineers Dividend FAQ
Other factors to consider when evaluating Garden Reach Shipbuilders & Engineers 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: Garden Reach Shipbuilders & Engineers'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, Garden Reach Shipbuilders & Engineers 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, Garden Reach Shipbuilders & Engineers 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 Garden Reach Shipbuilders & Engineers 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: Garden Reach Shipbuilders & Engineers 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, Garden Reach Shipbuilders & Engineers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Garden Reach Shipbuilders & Engineers 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 Garden Reach Shipbuilders & Engineers'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 Garden Reach Shipbuilders & Engineers'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.