GHCL Textiles Limited produces and sells yarn in India and internationally. It offers cotton, open end, TFO double, cellulosic and blended, synthetic blended, and vortex yarn products. The company was founded in 1927 and is headquartered in Noida, India.
GHCL Textiles Dividend Announcement
• GHCL Textiles announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2024-08-07. Ex dividend date: 2024-07-01
• GHCL Textiles annual dividend for 2024 was ₹0.50
• GHCL Textiles's trailing twelve-month (TTM) dividend yield is 0.45%
GHCL Textiles Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-01 | ₹0.50 | annually | 2024-08-07 |
GHCL Textiles Dividend per year
GHCL Textiles Dividend Yield
GHCL Textiles current trailing twelve-month (TTM) dividend yield is 0.45%. Interested in purchasing GHCL Textiles stock? Use our calculator to estimate your expected dividend yield:
GHCL Textiles Financial Ratios
P/E ratio22.45
PEG ratio0.22
P/B ratio0.75
ROE3.39%
Payout ratio0.00%
Current ratio5.77
Quick ratio3.12
Cash Ratio0.09
GHCL Textiles Dividend FAQ
Does GHCL Textiles stock pay dividends?
GHCL Textiles does not currently pay dividends to its shareholders.
Has GHCL Textiles ever paid a dividend?
No, GHCL Textiles has no a history of paying dividends to its shareholders. GHCL Textiles is not known for its dividend payments.
Why doesn't GHCL Textiles pay dividends?
There are several potential reasons why GHCL Textiles 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 GHCL Textiles 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 GHCL Textiles 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 GHCL Textiles a dividend aristocrat?
GHCL Textiles 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 GHCL Textiles a dividend king?
GHCL Textiles 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 GHCL Textiles a dividend stock?
No, GHCL Textiles 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 GHCL Textiles stocks?
To buy GHCL Textiles 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 GHCL Textiles 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 GHCL Textiles 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.