Gujarat Toolroom Ltd. engages in the real estate services. It handles general construction of residential buildings including alteration, addition, repair, and maintenance. The company was founded on March 25, 1983 and is headquartered in Ahmedabad, India.
Gujarat Toolroom Dividend Announcement
• Gujarat Toolroom announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-05-08. Ex dividend date: 2024-04-19
• Gujarat Toolroom annual dividend for 2024 was ₹1.00
• Gujarat Toolroom's trailing twelve-month (TTM) dividend yield is 5.76%
Gujarat Toolroom Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-04-19 | ₹1.00 | annually | 2024-05-08 |
Gujarat Toolroom Dividend per year
Gujarat Toolroom Dividend Yield
Gujarat Toolroom current trailing twelve-month (TTM) dividend yield is 5.76%. Interested in purchasing Gujarat Toolroom stock? Use our calculator to estimate your expected dividend yield:
Gujarat Toolroom Financial Ratios
P/E ratio1.07
PEG ratio0.01
P/B ratio1.25
ROE413.44%
Payout ratio0.00%
Current ratio1.19
Quick ratio0.82
Cash Ratio0.02
Gujarat Toolroom Dividend FAQ
Does Gujarat Toolroom stock pay dividends?
Gujarat Toolroom does not currently pay dividends to its shareholders.
Has Gujarat Toolroom ever paid a dividend?
No, Gujarat Toolroom has no a history of paying dividends to its shareholders. Gujarat Toolroom is not known for its dividend payments.
Why doesn't Gujarat Toolroom pay dividends?
There are several potential reasons why Gujarat Toolroom 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 Toolroom 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 Toolroom 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 Toolroom a dividend aristocrat?
Gujarat Toolroom 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 Toolroom a dividend king?
Gujarat Toolroom 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 Toolroom a dividend stock?
No, Gujarat Toolroom 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 Toolroom stocks?
To buy Gujarat Toolroom 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 Toolroom 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 Toolroom 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.