company-logo

Hindustan Composites Limited develops, manufactures, and markets fiber-based friction materials in India. The company's friction materials include automotive brake linings, automotive and industrial roll linings, automotive clutch facings and ceramic buttons, automotive disc brake pads, railway brake blocks, and friction sheets. It also provides industrial thrust bearing and insulation products comprising millboard sheets, millboard discs, compestos, and compestos rings. The company serves various industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, oil exploration, etc. Hindustan Composites Limited was incorporated in 1964 and is based in Mumbai, India.

Hindustan Composites Dividend Announcement

Hindustan Composites announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-10-22. Ex dividend date: 2024-09-20
Hindustan Composites annual dividend for 2024 was ₹2.00
Hindustan Composites annual dividend for 2023 was ₹2.00
Hindustan Composites's trailing twelve-month (TTM) dividend yield is 0.44%
Hindustan Composites's dividend growth over the last five years (2018-2023) was 31.95% year
Hindustan Composites's dividend growth over the last ten years (2013-2023) was 11.61% year

Hindustan Composites Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-20₹2.00annually2024-10-22
2023-09-22₹2.00annually2023-10-06
2022-09-21₹2.00annually2022-10-29
2021-09-21₹2.00annually2021-10-20
2020-09-21₹2.00annually2020-10-20
2019-08-21₹2.00annually2019-09-12
2018-08-21₹0.50annually2018-09-12
2017-09-04₹0.50annually2017-09-30
2016-08-31₹0.67annually2016-10-08
2015-09-10₹0.67annually2015-10-18
2014-08-26₹1.33annually2014-10-01
2013-08-22₹0.67annually2013-09-28

Hindustan Composites Dividend per year

Hindustan Composites Dividend growth

Hindustan Composites Dividend Yield

Hindustan Composites current trailing twelve-month (TTM) dividend yield is 0.44%. Interested in purchasing Hindustan Composites stock? Use our calculator to estimate your expected dividend yield:

Hindustan Composites Financial Ratios

P/E ratio20.59
PEG ratio1.54
P/B ratio0.62
ROE3.24%
Payout ratio0.00%
Current ratio1.75
Quick ratio1.48
Cash Ratio0.08

Hindustan Composites Dividend FAQ

How much is the next Hindustan Composites dividend?
Hindustan Composites's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Hindustan Composites dividend. The next Hindustan Composites dividend will be released in September.
When is Hindustan Composites dividend paid?
Hindustan Composites pays dividends on a annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Hindustan Composites pay?
The specific amount of Hindustan Composites dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hindustan Composites's dividend history.
Does Hindustan Composites stock pay dividends?
Yes, Hindustan Composites does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hindustan Composites's dividend history.
How much dividend does Hindustan Composites pay?
Hindustan Composites paid ₹2.0 in 2024, ₹2.0 in 2023, ₹2.0 in 2022, ₹2.0 in 2021, and ₹2.0 in 2020.
How often does Hindustan Composites pay dividends?
Hindustan Composites typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Hindustan Composites's dividend yield?
The current dividend yield for Hindustan Composites is 0.44%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Hindustan Composites's exact dividend yield.
When does Hindustan Composites go ex dividend?
Hindustan Composites's ex-dividend date for the latest dividend was on 2024-09-20. Hindustan Composites typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Hindustan Composites dividend paid?
Hindustan Composites pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Hindustan Composites increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Hindustan Composites will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Hindustan Composites dividend per share?
Hindustan Composites paid ₹2.0 per share in 2024 and ₹2.0 per share in 2023. The amount of dividend per share that Hindustan Composites pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Hindustan Composites a dividend aristocrat?
No, 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 Hindustan Composites a dividend king?
No, 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 Hindustan Composites a dividend stock?
Yes, Hindustan Composites is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Hindustan Composites a good dividend stock?
Whether Hindustan Composites is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Hindustan Composites has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Hindustan Composites 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.
Does Hindustan Composites pay dividends monthly?
Hindustan Composites typically pays dividends on a annually basis.
Does Hindustan Composites pay dividends quarterly?
Hindustan Composites currently pays dividends on a annually basis.
Has Hindustan Composites ever paid a dividend?
Yes, Hindustan Composites has a history of paying dividends to its shareholders. Hindustan Composites is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Hindustan Composites dividend stocks?
To buy Hindustan Composites 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Hindustan Composites 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.
When does Hindustan Composites pay dividends 2024?
Hindustan Composites pays dividends on a annually basis. 2024 dividend payments are in 2024-10-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Hindustan Composites increase its dividend in 2024?
Decisions regarding Hindustan Composites dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Hindustan Composites dividend overview you can look into the above table of dividend history.
How Hindustan Composites dividend works?
The Hindustan Composites dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Hindustan Composites's dividend process works:

1. Determination of Dividend: Hindustan Composites'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, Hindustan Composites 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, Hindustan Composites 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 Hindustan Composites 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.
How are Hindustan Composites dividends paid?
Hindustan Composites dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Hindustan Composites 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, Hindustan Composites distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Hindustan Composites 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.
How many times does Hindustan Composites pay dividends?
Hindustan Composites typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Hindustan Composites pay dividends?
The general pattern is that Hindustan Composites pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Hindustan Composites dividend safe?
The safety of Hindustan Composites's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Hindustan Composites'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 Hindustan Composites'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.