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Globe Textiles (India) Limited manufactures and trades in textile and apparel products in India and internationally. The company offers denim and non-denim fabrics; shirting fabrics, such as printed linens, suiting prints, and dyed shirting fabrics; printed fabrics, including polyester print fabrics, chadri voiles, sarongs, scarfs, polyester dyed fabrics, cotton prints, and cotton dyed fabrics; and jeans for men and women under the Afford, INDIGIRL, and INDIGEN brand names. It also provides yarns; and home textiles consisting of bedsheets, comforters, fitted and flat sheets, curtains, table linens, and fancy cushions, as well as personal protective equipment (PPE) suit, face mask, and t-shirts. The company also exports its products. Globe Textiles (India) Limited was incorporated in 1995 and is based in Ahmedabad, India.

Globe Textiles Dividend Announcement

• Globe Textiles does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Globe Textiles dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Globe Textiles Dividend History

Globe Textiles Dividend Yield

Globe Textiles current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Globe Textiles stock? Use our calculator to estimate your expected dividend yield:

Globe Textiles Financial Ratios

P/E ratio16.64
PEG ratio-3.99
P/B ratio1.36
ROE9.59%
Payout ratio0.00%
Current ratio1.15
Quick ratio0.72
Cash Ratio0.00

Globe Textiles Dividend FAQ

Does Globe Textiles stock pay dividends?
Globe Textiles does not currently pay dividends to its shareholders.
Has Globe Textiles ever paid a dividend?
No, Globe Textiles has no a history of paying dividends to its shareholders. Globe Textiles is not known for its dividend payments.
Why doesn't Globe Textiles pay dividends?
There are several potential reasons why Globe 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.
Will Globe 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 Globe 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 Globe Textiles a dividend aristocrat?
Globe 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 Globe Textiles a dividend king?
Globe 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 Globe Textiles a dividend stock?
No, Globe 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 Globe Textiles stocks?
To buy Globe 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 Globe 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.