Gujarat Mineral Development Corporation Limited engages in mining business in India. It operates in two segments, Mining and Power. The company explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. It also generates power using thermal, wind, and solar sources. The company was incorporated in 1963 and is based in Ahmedabad, India.
Gujarat Mineral Development Dividend Announcement
• Gujarat Mineral Development announced a annually dividend of ₹9.55 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-20 • Gujarat Mineral Development annual dividend for 2024 was ₹9.55 • Gujarat Mineral Development annual dividend for 2023 was ₹11.45 • Gujarat Mineral Development's trailing twelve-month (TTM) dividend yield is 2.64% • Gujarat Mineral Development's dividend growth over the last five years (2018-2023) was 26.75% year • Gujarat Mineral Development's dividend growth over the last ten years (2013-2023) was 14.33% year
Gujarat Mineral Development current trailing twelve-month (TTM) dividend yield is 2.64%. Interested in purchasing Gujarat Mineral Development stock? Use our calculator to estimate your expected dividend yield:
Gujarat Mineral Development Financial Ratios
P/E ratio18.11
PEG ratio0.18
P/B ratio1.86
ROE10.49%
Payout ratio0.00%
Current ratio5.95
Quick ratio5.70
Cash Ratio0.35
Gujarat Mineral Development Dividend FAQ
How much is the next Gujarat Mineral Development dividend?
Gujarat Mineral Development'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 Mineral Development dividend. The next Gujarat Mineral Development dividend will be released in September.
When is Gujarat Mineral Development dividend paid?
Gujarat Mineral Development 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 Mineral Development pay?
The specific amount of Gujarat Mineral Development 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 Mineral Development's dividend history.
Does Gujarat Mineral Development stock pay dividends?
Yes, Gujarat Mineral Development 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 Mineral Development's dividend history.
How much dividend does Gujarat Mineral Development pay?
Gujarat Mineral Development paid ₹9.55 in 2024, ₹11.45 in 2023, ₹4.3 in 2022, ₹0.2 in 2021, and ₹2.0 in 2020.
How often does Gujarat Mineral Development pay dividends?
Gujarat Mineral Development 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 Mineral Development's dividend yield?
The current dividend yield for Gujarat Mineral Development is 2.64%. 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 Mineral Development's exact dividend yield.
When does Gujarat Mineral Development go ex dividend?
Gujarat Mineral Development's ex-dividend date for the latest dividend was on 2024-09-20. Gujarat Mineral Development 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 Mineral Development dividend paid?
Gujarat Mineral Development pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Gujarat Mineral Development 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 Mineral Development 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 Mineral Development dividend per share?
Gujarat Mineral Development paid ₹9.55 per share in 2024 and ₹11.45 per share in 2023. The amount of dividend per share that Gujarat Mineral Development 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 Mineral Development 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 Mineral Development 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 Mineral Development a dividend stock?
Yes, Gujarat Mineral Development is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Gujarat Mineral Development a good dividend stock?
Whether Gujarat Mineral Development 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 Mineral Development has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Gujarat Mineral Development 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 Mineral Development pay dividends monthly?
Gujarat Mineral Development typically pays dividends on a annually basis.
Does Gujarat Mineral Development pay dividends quarterly?
Gujarat Mineral Development currently pays dividends on a annually basis.
Has Gujarat Mineral Development ever paid a dividend?
Yes, Gujarat Mineral Development has a history of paying dividends to its shareholders. Gujarat Mineral Development is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Gujarat Mineral Development dividend stocks?
To buy Gujarat Mineral Development 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 Mineral Development 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 Mineral Development pay dividends 2024?
Gujarat Mineral Development pays dividends on a annually basis. 2024 dividend payments are in 2024-10-27. 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 Mineral Development increase its dividend in 2024?
Decisions regarding Gujarat Mineral Development 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 Mineral Development dividend overview you can look into the above table of dividend history.
How Gujarat Mineral Development dividend works?
The Gujarat Mineral Development 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 Mineral Development's dividend process works:
1. Determination of Dividend: Gujarat Mineral Development'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 Mineral Development 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 Mineral Development 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 Mineral Development 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 Mineral Development dividends paid?
Gujarat Mineral Development dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Gujarat Mineral Development 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 Mineral Development 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 Mineral Development 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 Mineral Development pay dividends?
Gujarat Mineral Development 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 Mineral Development pay dividends?
The general pattern is that Gujarat Mineral Development 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 Mineral Development dividend safe?
The safety of Gujarat Mineral Development'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 Mineral Development'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 Mineral Development'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.