Gujarat Cotex Limited engages in trading textile fabrics in India. It is also involved in trading land or plot. The company was formerly known as Octagon Industries Limited. Gujarat Cotex Limited was incorporated in 1996 and is based in Surat, India.
Gujarat Cotex Dividend Announcement
• Gujarat Cotex does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Gujarat Cotex dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Gujarat Cotex Dividend History
Gujarat Cotex Dividend Yield
Gujarat Cotex current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Gujarat Cotex stock? Use our calculator to estimate your expected dividend yield:
Gujarat Cotex Financial Ratios
P/E ratio47.22
PEG ratio0.88
P/B ratio2.92
ROE6.46%
Payout ratio0.00%
Current ratio1.31
Quick ratio1.28
Cash Ratio0.01
Gujarat Cotex Dividend FAQ
Does Gujarat Cotex stock pay dividends?
Gujarat Cotex does not currently pay dividends to its shareholders.
Has Gujarat Cotex ever paid a dividend?
No, Gujarat Cotex has no a history of paying dividends to its shareholders. Gujarat Cotex is not known for its dividend payments.
Why doesn't Gujarat Cotex pay dividends?
There are several potential reasons why Gujarat Cotex 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 Cotex 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 Cotex 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 Cotex a dividend aristocrat?
Gujarat Cotex 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 Cotex a dividend king?
Gujarat Cotex 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 Cotex a dividend stock?
No, Gujarat Cotex 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 Cotex stocks?
To buy Gujarat Cotex 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 Cotex 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 Cotex 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.