The Hi-Tech Gears Limited manufactures and sells auto components to automobile manufacturers and Tier 1 and 2 suppliers in India, the United States, and internationally. It offers transmission and engine components, driveline components, steering linkage, power take off components, and engineering design services for two wheelers, light vehicles, commercial vehicles, and off highway vehicles, as well as engine gears. The company also develops products and services in the field of robotics, artificial intelligence, automotive embedded systems, and computer vision and biometrics. The Hi-Tech Gears Limited was incorporated in 1986 and is based in Gurugram, India.
Hi-Tech Gears Dividend Announcement
• Hi-Tech Gears announced a annually dividend of ₹5.00 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-19
• Hi-Tech Gears annual dividend for 2024 was ₹5.00
• Hi-Tech Gears annual dividend for 2023 was ₹2.50
• Hi-Tech Gears's trailing twelve-month (TTM) dividend yield is 0.64%
• Hi-Tech Gears's dividend growth over the last five years (2018-2023) was -6.51% year
Hi-Tech Gears Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | ₹5.00 | annually | 2024-10-26 |
2023-09-21 | ₹2.50 | annually | 2023-10-28 |
2022-09-21 | ₹1.50 | annually | 2022-10-29 |
2021-09-21 | ₹2.00 | annually | 2021-10-29 |
2020-02-18 | ₹1.50 | annually | 2020-03-08 |
2019-09-19 | ₹2.00 | annually | 2019-10-27 |
2019-02-14 | ₹1.50 | annually | 2019-03-04 |
2018-09-19 | ₹2.00 | annually | 2018-10-29 |
2018-02-15 | ₹1.50 | annually | 2018-03-04 |
2017-09-21 | ₹1.25 | annually | 2017-10-29 |
2017-02-22 | ₹1.25 | annually | 2017-03-12 |
2016-09-15 | ₹1.50 | annually | 2016-10-23 |
2016-02-25 | ₹1.50 | annually | 2016-03-13 |
2015-09-21 | ₹1.50 | annually | 2015-10-29 |
2015-02-24 | ₹1.00 | annually | 2015-03-14 |
2014-09-08 | ₹1.50 | annually | 2014-10-18 |
2014-02-25 | ₹1.00 | annually | 2014-03-16 |
2013-09-18 | ₹1.50 | annually | 2013-10-30 |
2013-02-25 | ₹1.00 | annually | 2013-03-16 |
Hi-Tech Gears Dividend per year
Hi-Tech Gears Dividend growth
Hi-Tech Gears Dividend Yield
Hi-Tech Gears current trailing twelve-month (TTM) dividend yield is 0.64%. Interested in purchasing Hi-Tech Gears stock? Use our calculator to estimate your expected dividend yield:
Hi-Tech Gears Financial Ratios
Hi-Tech Gears Dividend FAQ
Other factors to consider when evaluating Hi-Tech Gears 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: Hi-Tech Gears'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, Hi-Tech Gears 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, Hi-Tech Gears 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 Hi-Tech Gears 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: Hi-Tech Gears 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, Hi-Tech Gears distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hi-Tech Gears 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 Hi-Tech Gears'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 Hi-Tech Gears'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.