Hariom Pipe Industries Limited manufactures and sells iron and steel products. It primarily offers mild steel billets, pipes, and tubes; hot rolled coils; and scaffolding systems for various industrial applications. The company was incorporated in 2007 and is based in Hyderabad, India.
Hariom Pipe Industries Dividend Announcement
• Hariom Pipe Industries announced a annually dividend of ₹0.60 per ordinary share which will be made payable on 2024-10-23. Ex dividend date: 2024-09-13
• Hariom Pipe Industries annual dividend for 2024 was ₹0.60
• Hariom Pipe Industries's trailing twelve-month (TTM) dividend yield is 0.1%
Hariom Pipe Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-13 | ₹0.60 | annually | 2024-10-23 |
Hariom Pipe Industries Dividend per year
Hariom Pipe Industries Dividend Yield
Hariom Pipe Industries current trailing twelve-month (TTM) dividend yield is 0.1%. Interested in purchasing Hariom Pipe Industries stock? Use our calculator to estimate your expected dividend yield:
Hariom Pipe Industries Financial Ratios
P/E ratio29.15
PEG ratio0.29
P/B ratio3.17
ROE12.71%
Payout ratio0.00%
Current ratio1.59
Quick ratio0.71
Cash Ratio0.01
Hariom Pipe Industries Dividend FAQ
Does Hariom Pipe Industries stock pay dividends?
Hariom Pipe Industries does not currently pay dividends to its shareholders.
Has Hariom Pipe Industries ever paid a dividend?
No, Hariom Pipe Industries has no a history of paying dividends to its shareholders. Hariom Pipe Industries is not known for its dividend payments.
Why doesn't Hariom Pipe Industries pay dividends?
There are several potential reasons why Hariom Pipe Industries 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 Hariom Pipe Industries 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 Hariom Pipe Industries 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 Hariom Pipe Industries a dividend aristocrat?
Hariom Pipe Industries 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 Hariom Pipe Industries a dividend king?
Hariom Pipe Industries 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 Hariom Pipe Industries a dividend stock?
No, Hariom Pipe Industries 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 Hariom Pipe Industries stocks?
To buy Hariom Pipe Industries 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 Hariom Pipe Industries 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 Hariom Pipe Industries 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.