Garware Marine Industries Ltd. engages in the provision of ship repair services. It offers pump and engine overhauls, engine, hydraulic, gear box repairs and pipeline, and marine fabrication jobs. The company was founded by Bhalchandra Digamber Garware on August 8, 1975 and is headquartered in Mumbai, India.
Garware Marine Industries Dividend Announcement
• Garware Marine Industries announced a annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2011-12-20
• Garware Marine Industries's trailing twelve-month (TTM) dividend yield is -%
Garware Marine Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2011-12-20 | ₹0.50 | annually | |
| 2010-12-21 | ₹0.50 | annually | |
| 2009-12-18 | ₹0.50 | annually | |
| 2008-12-19 | ₹0.50 | annually | |
| 2007-12-24 | ₹0.50 | annually | |
| 2006-12-22 | ₹0.50 | annually |
Garware Marine Industries Dividend per year
Garware Marine Industries Dividend growth
Garware Marine Industries Dividend Yield
Garware Marine Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Garware Marine Industries stock? Use our calculator to estimate your expected dividend yield:
Garware Marine Industries Financial Ratios
P/E ratio97.18
PEG ratio6.18
P/B ratio1.25
ROE2.26%
Payout ratio0.00%
Current ratio11.67
Quick ratio11.67
Cash Ratio0.05
Garware Marine Industries Dividend FAQ
Does Garware Marine Industries stock pay dividends?
Garware Marine Industries does not currently pay dividends to its shareholders.
Has Garware Marine Industries ever paid a dividend?
No, Garware Marine Industries has no a history of paying dividends to its shareholders. Garware Marine Industries is not known for its dividend payments.
Why doesn't Garware Marine Industries pay dividends?
There are several potential reasons why Garware Marine Industries 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 Garware Marine Industries 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 Garware Marine Industries 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 Garware Marine Industries a dividend aristocrat?
Garware Marine Industries 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 Garware Marine Industries a dividend king?
Garware Marine Industries 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 Garware Marine Industries a dividend stock?
No, Garware Marine Industries 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 Garware Marine Industries stocks?
To buy Garware Marine Industries 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 Garware Marine Industries 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 Garware Marine Industries 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.