GTN Textiles Ltd. is a holding company, which engages in the manufacturing and export of combed cotton yarn products. The firm operates through the following segments: Textiles, Commission Agency, and Realty. The company was founded on March 28, 2005 and is headquartered in Mumbai, India.
GTN Textiles Dividend Announcement
• GTN Textiles announced a annually dividend of ₹0.60 per ordinary share which will be made payable on . Ex dividend date: 2008-07-17
• GTN Textiles's trailing twelve-month (TTM) dividend yield is -%
GTN Textiles Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2008-07-17 | ₹0.60 | annually | |
| 2007-07-12 | ₹0.90 | annually | |
| 2006-07-20 | ₹0.90 | annually |
GTN Textiles Dividend per year
GTN Textiles Dividend growth
GTN Textiles Dividend Yield
GTN Textiles current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing GTN Textiles stock? Use our calculator to estimate your expected dividend yield:
GTN Textiles Financial Ratios
P/E ratio-1.16
PEG ratio1.92
P/B ratio-2.97
ROE968.38%
Payout ratio0.00%
Current ratio0.97
Quick ratio0.97
Cash Ratio0.00
GTN Textiles Dividend FAQ
Does GTN Textiles stock pay dividends?
GTN Textiles does not currently pay dividends to its shareholders.
Has GTN Textiles ever paid a dividend?
No, GTN Textiles has no a history of paying dividends to its shareholders. GTN Textiles is not known for its dividend payments.
Why doesn't GTN Textiles pay dividends?
There are several potential reasons why GTN 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 GTN 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 GTN 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 GTN Textiles a dividend aristocrat?
GTN 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 GTN Textiles a dividend king?
GTN 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 GTN Textiles a dividend stock?
No, GTN 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 GTN Textiles stocks?
To buy GTN 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 GTN 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 GTN 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.