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Goel Food Products Ltd. operates as an event management company. It provide services such as organizing events like marriages, sangeet, ring ceremonies, birthday parties, anniversary parties, kitty parties, corporate events, kirtans, thread ceremony at their banquet hall and they serve Indian snack and sweets at their retail shop. The company also generates rent income from hotels and guest houses. Goel Food Products was founded on January 31, 1996 and is headquartered at Kolkata, India.

Goel Food Products Dividend Announcement

Goel Food Products announced a semi annually dividend of ₹0.10 per ordinary share which will be made payable on 2024-08-21. Ex dividend date: 2024-07-31
Goel Food Products annual dividend for 2024 was ₹12.60
Goel Food Products's trailing twelve-month (TTM) dividend yield is 1.7%

Goel Food Products Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-31₹0.10semi annually2024-08-21
2024-07-15₹12.50semi annually2024-08-21

Goel Food Products Dividend per year

Goel Food Products Dividend Yield

Goel Food Products current trailing twelve-month (TTM) dividend yield is 1.7%. Interested in purchasing Goel Food Products stock? Use our calculator to estimate your expected dividend yield:

Goel Food Products Financial Ratios

P/E ratio13.28
PEG ratio1.11
P/B ratio2.99
ROE24.40%
Payout ratio0.00%
Current ratio1.56
Quick ratio1.46
Cash Ratio0.43

Goel Food Products Dividend FAQ

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