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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹2.00 | annually | 2024-10-22 |
2023-09-22 | ₹2.00 | annually | 2023-10-06 |
2022-09-21 | ₹2.00 | annually | 2022-10-29 |
2021-09-21 | ₹2.00 | annually | 2021-10-20 |
2020-09-21 | ₹2.00 | annually | 2020-10-20 |
2019-08-21 | ₹2.00 | annually | 2019-09-12 |
2018-08-21 | ₹0.50 | annually | 2018-09-12 |
2017-09-04 | ₹0.50 | annually | 2017-09-30 |
2016-08-31 | ₹0.67 | annually | 2016-10-08 |
2015-09-10 | ₹0.67 | annually | 2015-10-18 |
2014-08-26 | ₹1.33 | annually | 2014-10-01 |
2013-08-22 | ₹0.67 | annually | 2013-09-28 |
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
Hindustan Composites Dividend FAQ
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.
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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.
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.
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.