Hindware Home Innovation Limited engages in the consumer appliances, retail, and building products business in India. It offers chimneys, cooking range, food waste disposers, built-in microwaves, food sanitizers, built-in ovens, built-in hobs, cooktops, dishwashers, water purifiers and kitchen sinks; storage, instant, gas, heat pump water heaters; desert, personal, tower, window, IOT enabled, and foldable air coolers; water purifiers under the moonbow brand; ceiling fans; and hinges, ball bearing and excel bottom mounted drawer channels, and Ten, Uniplus, and Unilux drawer system and aerolift liftups. The company is also involved in the retail sale and distribution of wood furniture, soft furnishings, home decor, and accessories, as well as wall fashion, modular kitchens, wardrobes, decorative lightings, under the Evok brand. In addition, it sells and distributes building products consisting of sanitary ware, including water closets, wash basins, bidets, squatting pans, and urinals; faucets, such as showers, bathroom, kitchen, and sensor faucets, and thermostats; wellness products comprising bath-tubs, shower panels, shower enclosures, vanity, whirlpools, and steam generators; glazed vitrified, ceramic, full-body vitrified, super-slim, cladding, and parking tiles; plastic pipes and fittings, which include CPVC, UPVC, PVC, and SWR column pipes and overhead water storage tanks; and allied products, such as concealed cisterns, seat covers, and PVC cisterns. The company was formerly known as Somany Home Innovation Limited and changed its name to Hindware Home Innovation Limited in May 2022. Hindware Home Innovation Limited was incorporated in 2017 and is based in Gurugram, India.
Hindware Home Innovation Dividend Announcement
• Hindware Home Innovation announced a annually dividend of ₹0.38 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-08-22
• Hindware Home Innovation annual dividend for 2024 was ₹0.38
• Hindware Home Innovation annual dividend for 2023 was ₹0.48
• Hindware Home Innovation's trailing twelve-month (TTM) dividend yield is 0.13%
Hindware Home Innovation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-22 | ₹0.38 | annually | 2024-09-27 |
2023-09-20 | ₹0.48 | annually | 2023-10-05 |
2022-02-21 | ₹0.50 | annually | 2022-03-01 |
2021-09-16 | ₹0.30 | annually | 2021-10-04 |
2020-08-24 | ₹0.15 | annually | 2020-09-14 |
Hindware Home Innovation Dividend per year
Hindware Home Innovation Dividend growth
Hindware Home Innovation Dividend Yield
Hindware Home Innovation current trailing twelve-month (TTM) dividend yield is 0.13%. Interested in purchasing Hindware Home Innovation stock? Use our calculator to estimate your expected dividend yield:
Hindware Home Innovation Financial Ratios
Hindware Home Innovation Dividend FAQ
Other factors to consider when evaluating Hindware Home Innovation 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: Hindware Home Innovation'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, Hindware Home Innovation 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, Hindware Home Innovation 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 Hindware Home Innovation 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: Hindware Home Innovation 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, Hindware Home Innovation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hindware Home Innovation 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 Hindware Home Innovation'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 Hindware Home Innovation'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.