Gujarat Industries Power Company Limited generates and sells electricity primarily to power purchasing companies in India. The company generates power through gas, lignite, wind, and solar power plants with combined installed capacity of 1184.4 MW at Vadodara plant and Surat Lignite Power Plant. Gujarat Industries Power Company Limited was incorporated in 1985 and is based in Vadodara, India.
Gujarat Industries Power Dividend Announcement
• Gujarat Industries Power announced a annually dividend of ₹3.95 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13 • Gujarat Industries Power annual dividend for 2024 was ₹3.95 • Gujarat Industries Power annual dividend for 2023 was ₹3.75 • Gujarat Industries Power's trailing twelve-month (TTM) dividend yield is 1.89% • Gujarat Industries Power's dividend growth over the last five years (2018-2023) was 6.79% year • Gujarat Industries Power's dividend growth over the last ten years (2013-2023) was 4.14% year
Gujarat Industries Power current trailing twelve-month (TTM) dividend yield is 1.89%. Interested in purchasing Gujarat Industries Power stock? Use our calculator to estimate your expected dividend yield:
Gujarat Industries Power Financial Ratios
P/E ratio15.13
PEG ratio0.15
P/B ratio0.96
ROE6.43%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Gujarat Industries Power Dividend FAQ
How much is the next Gujarat Industries Power dividend?
Gujarat Industries Power's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Gujarat Industries Power dividend. The next Gujarat Industries Power dividend will be released in September.
When is Gujarat Industries Power dividend paid?
Gujarat Industries Power pays dividends on a annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Gujarat Industries Power pay?
The specific amount of Gujarat Industries Power dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Gujarat Industries Power's dividend history.
Does Gujarat Industries Power stock pay dividends?
Yes, Gujarat Industries Power does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Gujarat Industries Power's dividend history.
How much dividend does Gujarat Industries Power pay?
Gujarat Industries Power paid ₹3.95 in 2024, ₹3.75 in 2023, ₹2.5 in 2022, ₹2.7 in 2021, and ₹2.9 in 2020.
How often does Gujarat Industries Power pay dividends?
Gujarat Industries Power typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Gujarat Industries Power's dividend yield?
The current dividend yield for Gujarat Industries Power is 1.89%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Gujarat Industries Power's exact dividend yield.
When does Gujarat Industries Power go ex dividend?
Gujarat Industries Power's ex-dividend date for the latest dividend was on 2024-09-13. Gujarat Industries Power typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Gujarat Industries Power dividend paid?
Gujarat Industries Power pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Gujarat Industries Power increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Gujarat Industries Power will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Gujarat Industries Power dividend per share?
Gujarat Industries Power paid ₹3.95 per share in 2024 and ₹3.75 per share in 2023. The amount of dividend per share that Gujarat Industries Power pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Gujarat Industries Power a dividend aristocrat?
No, 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 Industries Power a dividend king?
No, 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 Industries Power a dividend stock?
Yes, Gujarat Industries Power is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Gujarat Industries Power a good dividend stock?
Whether Gujarat Industries Power is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Gujarat Industries Power has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Gujarat Industries Power 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.
Does Gujarat Industries Power pay dividends monthly?
Gujarat Industries Power typically pays dividends on a annually basis.
Does Gujarat Industries Power pay dividends quarterly?
Gujarat Industries Power currently pays dividends on a annually basis.
Has Gujarat Industries Power ever paid a dividend?
Yes, Gujarat Industries Power has a history of paying dividends to its shareholders. Gujarat Industries Power is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Gujarat Industries Power dividend stocks?
To buy Gujarat Industries Power 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Gujarat Industries Power 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.
When does Gujarat Industries Power pay dividends 2024?
Gujarat Industries Power pays dividends on a annually basis. 2024 dividend payments are in 2024-10-20. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Gujarat Industries Power increase its dividend in 2024?
Decisions regarding Gujarat Industries Power dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Gujarat Industries Power dividend overview you can look into the above table of dividend history.
How Gujarat Industries Power dividend works?
The Gujarat Industries Power dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Gujarat Industries Power's dividend process works:
1. Determination of Dividend: Gujarat Industries Power'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, Gujarat Industries Power 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, Gujarat Industries Power 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 Gujarat Industries Power 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.
How are Gujarat Industries Power dividends paid?
Gujarat Industries Power dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Gujarat Industries Power 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, Gujarat Industries Power distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gujarat Industries Power 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.
How many times does Gujarat Industries Power pay dividends?
Gujarat Industries Power typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Gujarat Industries Power pay dividends?
The general pattern is that Gujarat Industries Power pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Gujarat Industries Power dividend safe?
The safety of Gujarat Industries Power's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Gujarat Industries Power'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 Gujarat Industries Power'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.