Gravita India Limited manufactures and recycles aluminum, lead, and lead products in India and internationally. It operates through Lead Processing, Aluminium Processing, Turn-Key Solutions, and Plastic Manufacturing segments. The company manufactures lead metal products, including pure lead/refined lead ingots and remelted lead ingots, as well as lead-antimony alloy, lead-calcium alloy, selenium, copper, tin, arsenic, etc. It also provides lead products comprising sheets, powder, plates, balls, wires, bricks, wool, foils, cames, flanges, blankets, weights, sheaths, pipes, anodes, and lead coolants for nuclear power application. In addition, the company offers lead chemicals and oxides consisting of lead sub oxide, red lead, lead nitrate, litharge, and lead mono silicate products; and radiation protection products for a range of radiation shielding applications. Further, it manufactures aluminum alloy ingots; and plastic products, such as polypropylene granules and PET bottle flakes, as well as provides turn-key solutions for lead-acid battery recycling processes and plants. The company also exports its products. Gravita India Limited was incorporated in 1992 and is based in Jaipur, India.
Gravita India Dividend Announcement
• Gravita India announced a annually dividend of ₹5.20 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-14
• Gravita India annual dividend for 2024 was ₹5.20
• Gravita India annual dividend for 2023 was ₹4.35
• Gravita India's trailing twelve-month (TTM) dividend yield is 0.24%
• Gravita India's dividend growth over the last five years (2018-2023) was 44.10% year
• Gravita India's dividend growth over the last ten years (2013-2023) was 21.91% year
Gravita India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-14 | ₹5.20 | annually | 2024-05-29 |
2023-09-04 | ₹4.35 | annually | 2024-05-29 |
2022-02-08 | ₹3.00 | annually | 2022-02-27 |
2021-02-08 | ₹1.10 | annually | 2021-02-26 |
2020-03-05 | ₹0.70 | annually | 2020-03-24 |
2019-09-11 | ₹0.30 | annually | 2019-10-20 |
2018-08-23 | ₹0.70 | annually | 2018-10-01 |
2017-08-01 | ₹0.60 | annually | 2017-09-07 |
2016-07-28 | ₹0.20 | annually | 2016-09-05 |
2015-07-30 | ₹0.20 | annually | 2015-09-07 |
2014-07-24 | ₹0.50 | annually | 2014-08-31 |
2014-02-12 | ₹0.30 | annually | 2014-03-03 |
2013-07-22 | ₹0.30 | annually | 2013-09-28 |
2013-02-06 | ₹0.30 | annually | 2013-02-27 |
Gravita India Dividend per year
Gravita India Dividend growth
Gravita India Dividend Yield
Gravita India current trailing twelve-month (TTM) dividend yield is 0.24%. Interested in purchasing Gravita India stock? Use our calculator to estimate your expected dividend yield:
Gravita India Financial Ratios
Gravita India Dividend FAQ
Other factors to consider when evaluating Gravita India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Gravita India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Gravita India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Gravita India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Gravita India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Gravita India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Gravita India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gravita India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Gravita India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Gravita India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.