IFGL Refractories Limited engages in the manufacture, trade, and sale of refractory items and related equipment and accessories used in steel plants in India and internationally. The company offers isostatic and slide gate refractories, tube changer systems and refractories, and purging systems and refractories; cast products and monolithics, zircon and zircona nozzles, spray machines, robotic gunning, and slag control darts and machines; and foundry ceramics, wire guides, and heating ovens. The company was formerly known as IFGL Exports Limited has changed its name to IFGL Refractories Limited in October 2017. IFGL Refractories Limited was incorporated in 2007 and is headquartered in Kolkata, India. IFGL Refractories Limited is a subsidiary of Bajoria Financial Services Private Limited.
IFGL Refractories Dividend Announcement
• IFGL Refractories announced a annually dividend of ₹7.00 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-07-24
• IFGL Refractories annual dividend for 2024 was ₹7.00
• IFGL Refractories annual dividend for 2023 was ₹7.00
• IFGL Refractories's trailing twelve-month (TTM) dividend yield is 1.44%
• IFGL Refractories's dividend growth over the last five years (2018-2023) was 28.47% year
• IFGL Refractories's dividend growth over the last ten years (2013-2023) was 16.65% year
IFGL Refractories Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-24 | ₹7.00 | annually | 2024-08-30 |
2023-08-18 | ₹7.00 | annually | 2023-09-24 |
2022-09-20 | ₹7.00 | annually | 2022-10-28 |
2021-07-29 | ₹6.00 | annually | 2021-09-06 |
2020-02-17 | ₹2.50 | annually | 2020-03-08 |
2019-07-18 | ₹2.50 | annually | 2019-08-26 |
2018-08-14 | ₹2.00 | annually | 2018-09-24 |
2017-12-14 | ₹2.00 | annually | 2018-01-22 |
2017-09-14 | ₹2.00 | annually | 2017-12-01 |
2016-03-22 | ₹2.00 | annually | 2016-06-01 |
2015-08-14 | ₹2.00 | annually | 2015-09-21 |
2014-08-13 | ₹1.75 | annually | 2014-09-21 |
2013-08-16 | ₹1.50 | annually | 2013-09-22 |
IFGL Refractories Dividend per year
IFGL Refractories Dividend growth
IFGL Refractories Dividend Yield
IFGL Refractories current trailing twelve-month (TTM) dividend yield is 1.44%. Interested in purchasing IFGL Refractories stock? Use our calculator to estimate your expected dividend yield:
IFGL Refractories Financial Ratios
IFGL Refractories Dividend FAQ
Other factors to consider when evaluating IFGL Refractories 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: IFGL Refractories'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, IFGL Refractories 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, IFGL Refractories 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 IFGL Refractories 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: IFGL Refractories 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, IFGL Refractories distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IFGL Refractories 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 IFGL Refractories'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 IFGL Refractories'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.