Gujarat Containers Ltd. engages in the manufacture of drums and containers. It offers mild steel and plastic barrels. The company was founded on February 11, 1992 and is headquartered in Vadodara, India.
Gujarat Containers Dividend Announcement
• Gujarat Containers announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-19
• Gujarat Containers annual dividend for 2024 was ₹1.50
• Gujarat Containers's trailing twelve-month (TTM) dividend yield is 0.91%
Gujarat Containers Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-19 | ₹1.50 | annually | 2024-08-30 |
Gujarat Containers Dividend per year
Gujarat Containers Dividend Yield
Gujarat Containers current trailing twelve-month (TTM) dividend yield is 0.91%. Interested in purchasing Gujarat Containers stock? Use our calculator to estimate your expected dividend yield:
Gujarat Containers Financial Ratios
P/E ratio10.11
PEG ratio-0.71
P/B ratio2.13
ROE44.27%
Payout ratio0.00%
Current ratio1.57
Quick ratio1.32
Cash Ratio0.33
Gujarat Containers Dividend FAQ
Does Gujarat Containers stock pay dividends?
Gujarat Containers does not currently pay dividends to its shareholders.
Has Gujarat Containers ever paid a dividend?
No, Gujarat Containers has no a history of paying dividends to its shareholders. Gujarat Containers is not known for its dividend payments.
Why doesn't Gujarat Containers pay dividends?
There are several potential reasons why Gujarat Containers 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 Gujarat Containers 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 Gujarat Containers 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 Gujarat Containers a dividend aristocrat?
Gujarat Containers 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 Gujarat Containers a dividend king?
Gujarat Containers 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 Gujarat Containers a dividend stock?
No, Gujarat Containers 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 Gujarat Containers stocks?
To buy Gujarat Containers 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 Gujarat Containers 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 Gujarat Containers 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.