Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segment. The Dairy segment produces and markets dairy products, including fresh milk, curd, butter milk, lassi, ice cream, paneer, cooking butter, table butter, flavored milk, UHT milk, sweets, ghee, cheese, cold coffee, cream, skimmed milk powder, frozen desserts, and milk shake. This division also operates and franchises 859 Heritage Parlour outlets. In addition, it exports dairy products to Europe, the Gulf countries, and various countries in Asia. The Renewable Energy segment operates a solar power plant with a capacity of 4.20 MW; and wind power plant with a capacity of 6.30 MW in the states of Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, and Karnataka. The Feed segment manufactures and sells cattle feeds. The company was formerly known as Heritage Foods (India) Limited and changed its name to Heritage Foods Limited in August 2013. Heritage Foods Limited was incorporated in 1992 and is headquartered in Hyderabad, India.
Heritage Foods Dividend Announcement
• Heritage Foods announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-08-13
• Heritage Foods annual dividend for 2024 was ₹2.50
• Heritage Foods annual dividend for 2023 was ₹2.50
• Heritage Foods's trailing twelve-month (TTM) dividend yield is 0.53%
• Heritage Foods's dividend growth over the last five years (2018-2023) was 19.77% year
• Heritage Foods's dividend growth over the last ten years (2013-2023) was 5.09% year
Heritage Foods Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-13 | ₹2.50 | annually | 2024-09-20 |
2023-08-14 | ₹2.50 | annually | 2023-09-21 |
2022-07-21 | ₹1.27 | annually | 2022-08-04 |
2021-11-01 | ₹1.27 | annually | 2021-11-20 |
2021-07-22 | ₹2.54 | annually | 2021-08-05 |
2020-08-19 | ₹1.27 | annually | 2020-09-04 |
2019-08-21 | ₹1.01 | annually | 2019-09-06 |
2018-08-20 | ₹1.01 | annually | 2018-09-06 |
2017-08-11 | ₹0.51 | annually | 2017-08-29 |
2016-08-09 | ₹1.52 | annually | 2016-08-26 |
2015-09-15 | ₹1.52 | annually | 2015-09-29 |
2014-09-18 | ₹1.52 | annually | 2014-09-30 |
2013-06-19 | ₹1.52 | annually | 2013-07-24 |
Heritage Foods Dividend per year
Heritage Foods Dividend growth
Heritage Foods Dividend Yield
Heritage Foods current trailing twelve-month (TTM) dividend yield is 0.53%. Interested in purchasing Heritage Foods stock? Use our calculator to estimate your expected dividend yield:
Heritage Foods Financial Ratios
Heritage Foods Dividend FAQ
Other factors to consider when evaluating Heritage Foods 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.
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1. Determination of Dividend: Heritage Foods'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, Heritage Foods 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, Heritage Foods 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 Heritage Foods 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: Heritage Foods 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, Heritage Foods distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Heritage Foods 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 Heritage Foods'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 Heritage Foods'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.