Hindoostan Mills Ltd. engages in the manufacture and sale of textiles. It operates through the following segments: Textiles and Engineering. Its products are used for bottom weight fabrics, bull denim, corduroy industrial canvas, and work-wear fabrics. The company was founded in 1873 and is headquartered in Mumbai, India.
Hindoostan Mills Dividend Announcement
• Hindoostan Mills announced a annually dividend of ₹4.50 per ordinary share which will be made payable on . Ex dividend date: 2016-08-01
• Hindoostan Mills's trailing twelve-month (TTM) dividend yield is -%
Hindoostan Mills Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2016-08-01 | ₹4.50 | annually | |
| 2015-07-30 | ₹4.00 | annually | |
| 2014-12-04 | ₹10.00 | annually | |
| 2013-07-17 | ₹7.50 | annually | |
| 2012-07-30 | ₹5.00 | annually | |
| 2011-08-25 | ₹5.00 | annually | |
| 2010-09-13 | ₹50.00 | annually | |
| 2009-09-16 | ₹30.00 | annually | |
| 2008-09-04 | ₹40.00 | annually | |
| 2007-09-13 | ₹30.00 | annually | |
| 2006-09-14 | ₹30.00 | annually | |
| 2005-09-15 | ₹30.00 | annually |
Hindoostan Mills Dividend per year
Hindoostan Mills Dividend growth
Hindoostan Mills Dividend Yield
Hindoostan Mills current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Hindoostan Mills stock? Use our calculator to estimate your expected dividend yield:
Hindoostan Mills Financial Ratios
P/E ratio-8.14
PEG ratio0.04
P/B ratio0.86
ROE-12.90%
Payout ratio0.00%
Current ratio1.99
Quick ratio1.48
Cash Ratio0.39
Hindoostan Mills Dividend FAQ
Does Hindoostan Mills stock pay dividends?
Hindoostan Mills does not currently pay dividends to its shareholders.
Has Hindoostan Mills ever paid a dividend?
No, Hindoostan Mills has no a history of paying dividends to its shareholders. Hindoostan Mills is not known for its dividend payments.
Why doesn't Hindoostan Mills pay dividends?
There are several potential reasons why Hindoostan Mills 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 Hindoostan Mills 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 Hindoostan Mills 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 Hindoostan Mills a dividend aristocrat?
Hindoostan Mills 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 Hindoostan Mills a dividend king?
Hindoostan Mills 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 Hindoostan Mills a dividend stock?
No, Hindoostan Mills 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 Hindoostan Mills stocks?
To buy Hindoostan Mills 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 Hindoostan Mills 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 Hindoostan Mills 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.