Grand Foundry Limited manufactures, markets, and sells stainless steel bright bars and wires in India, the United States, Japan, Singapore, Italy, Australia, and Canada. The company's products are used in various applications in the petrochemical, oil and natural gas, and automotive industries. It also offers pickling and heat treatment line services. Grand Foundry Limited was incorporated in 1973 and is based in Mumbai, India.
Grand Foundry Dividend Announcement
• Grand Foundry announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 1996-10-01. Ex dividend date: 1996-08-19
• Grand Foundry's trailing twelve-month (TTM) dividend yield is -%
Grand Foundry Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 1996-08-19 | ₹1.50 | annually | 1996-10-01 |
| 1995-09-25 | ₹1.50 | annually | 1995-10-01 |
Grand Foundry Dividend per year
Grand Foundry Dividend Yield
Grand Foundry current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Grand Foundry stock? Use our calculator to estimate your expected dividend yield:
Grand Foundry Financial Ratios
P/E ratio-39.48
PEG ratio-0.39
P/B ratio-4.50
ROE11.97%
Payout ratio0.00%
Current ratio0.01
Quick ratio0.01
Cash Ratio0.00
Grand Foundry Dividend FAQ
Does Grand Foundry stock pay dividends?
Grand Foundry does not currently pay dividends to its shareholders.
Has Grand Foundry ever paid a dividend?
No, Grand Foundry has no a history of paying dividends to its shareholders. Grand Foundry is not known for its dividend payments.
Why doesn't Grand Foundry pay dividends?
There are several potential reasons why Grand Foundry 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 Grand Foundry 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 Grand Foundry 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 Grand Foundry a dividend aristocrat?
Grand Foundry 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 Grand Foundry a dividend king?
Grand Foundry 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 Grand Foundry a dividend stock?
No, Grand Foundry 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 Grand Foundry stocks?
To buy Grand Foundry 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 Grand Foundry 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 Grand Foundry 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.