I G Petrochemicals Limited engages in the manufacture and sale of organic chemicals in India and internationally. It offers phthalic anhydride that is used in the manufacture of plasticizers, alkyd resins and paints, unsaturated polyester resins, and CPC pigments; and maleic anhydride, an organic compound used in the production of spandex, unsaturated polyester resins, lubricating oil additives, personal care products, water treatment detergents, and insecticides and fungicides. The company also provides benzoic acid, an organic compound used in the manufacture of perfumes, dyes, topical medications, insect repellants, and food preservatives; and advance plasticizers used in the production of incense sticks, perfumes, and plastic packaging films. I G Petrochemicals Limited was incorporated in 1988 and is based in Mumbai, India.
I G Petrochemicals Dividend Announcement
• I G Petrochemicals announced a annually dividend of ₹7.50 per ordinary share which will be made payable on 2024-10-05. Ex dividend date: 2024-08-29
• I G Petrochemicals annual dividend for 2024 was ₹7.50
• I G Petrochemicals annual dividend for 2023 was ₹10.00
• I G Petrochemicals's trailing twelve-month (TTM) dividend yield is 1.25%
• I G Petrochemicals's dividend growth over the last five years (2018-2023) was 20.11% year
I G Petrochemicals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-29 | ₹7.50 | annually | 2024-10-05 |
2023-08-17 | ₹10.00 | annually | 2023-08-31 |
2022-08-02 | ₹10.00 | annually | 2022-09-09 |
2021-07-15 | ₹7.50 | annually | 2021-08-22 |
2020-08-18 | ₹2.00 | annually | 2020-09-25 |
2019-07-26 | ₹4.00 | annually | 2019-09-04 |
2018-08-16 | ₹4.00 | annually | 2018-09-26 |
2017-09-12 | ₹3.00 | annually | 2017-10-20 |
2016-08-23 | ₹2.00 | annually | 2016-09-30 |
2015-08-07 | ₹1.00 | annually | 2015-08-25 |
2007-11-07 | ₹0.50 | annually | 2007-12-01 |
I G Petrochemicals Dividend per year
I G Petrochemicals Dividend growth
I G Petrochemicals Dividend Yield
I G Petrochemicals current trailing twelve-month (TTM) dividend yield is 1.25%. Interested in purchasing I G Petrochemicals stock? Use our calculator to estimate your expected dividend yield:
I G Petrochemicals Financial Ratios
I G Petrochemicals Dividend FAQ
Other factors to consider when evaluating I G Petrochemicals 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: I G Petrochemicals'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, I G Petrochemicals 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, I G Petrochemicals 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 I G Petrochemicals 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: I G Petrochemicals 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, I G Petrochemicals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: I G Petrochemicals 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 I G Petrochemicals'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 I G Petrochemicals'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.