Hercules Hoists Limited engages in the manufacture, marketing, distribution, and sale of material handling equipment in India. The company operates in two segments, Material Handling Equipment and Windmill Power. It offers mechanical hoists, including chain pulley blocks, ratchet lever hoists, pulling and lifting machines, electric chain hoists, and wire rope hoists; hoist one track, electric overhead travelling, light profile, and jib cranes; storage and retrieval solutions, such as floor operated stackers, roll out racks, winches, and manipulators; and handling automation solutions. The company provides its products under the Indef, I Stacker, I Crane, Stier, and Hercules brand names. It serves oil and gas, engineering, auto and auto ancillary, cement, and metals industries, as well as other industries comprising pharma and food, paper and polyfilms, paint and chemical, waste to energy and biomass, construction, and infrastructure. The company also generates power through wind farm. Hercules Hoists Limited was incorporated in 1962 and is based in Navi Mumbai, India.
Hercules Hoists Dividend Announcement
• Hercules Hoists announced a semi annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-08-05
• Hercules Hoists annual dividend for 2024 was ₹4.00
• Hercules Hoists annual dividend for 2023 was ₹1.50
• Hercules Hoists's trailing twelve-month (TTM) dividend yield is 1.75%
• Hercules Hoists's dividend growth over the last five years (2018-2023) was 3.71% year
• Hercules Hoists's dividend growth over the last ten years (2013-2023) was -1.53% year
Hercules Hoists Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | ₹4.00 | semi annually | 2024-09-10 |
2023-08-04 | ₹1.00 | semi annually | 2023-09-10 |
2023-02-22 | ₹0.50 | semi annually | 2023-03-10 |
2022-08-02 | ₹0.60 | semi annually | 2022-09-09 |
2022-02-21 | ₹0.75 | semi annually | 2022-03-11 |
2021-07-30 | ₹1.50 | semi annually | 2021-09-09 |
2020-09-08 | ₹1.80 | semi annually | 2020-10-16 |
2019-08-01 | ₹1.50 | semi annually | 2019-09-08 |
2018-08-02 | ₹1.25 | semi annually | 2018-09-09 |
2017-08-01 | ₹1.00 | semi annually | 2017-09-08 |
2016-08-04 | ₹1.50 | semi annually | 2016-08-11 |
2015-07-31 | ₹1.50 | semi annually | 2015-09-09 |
2014-08-04 | ₹1.50 | semi annually | 2014-09-10 |
2013-08-01 | ₹1.75 | semi annually |
Hercules Hoists Dividend per year
Hercules Hoists Dividend growth
Hercules Hoists Dividend Yield
Hercules Hoists current trailing twelve-month (TTM) dividend yield is 1.75%. Interested in purchasing Hercules Hoists stock? Use our calculator to estimate your expected dividend yield:
Hercules Hoists Financial Ratios
Hercules Hoists Dividend FAQ
Other factors to consider when evaluating Hercules Hoists 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.
Place an order: Use the brokerage's trading platform to place an order to buy Hercules Hoists 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.
1. Determination of Dividend: Hercules Hoists'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, Hercules Hoists 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, Hercules Hoists 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 Hercules Hoists 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.
1. Record Date: Hercules Hoists 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, Hercules Hoists distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hercules Hoists 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.
To assess the safety of Hercules Hoists'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 Hercules Hoists'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.