Inducto Steel Ltd. engages in the provision of ship breaking services and trading of iron and steel. It operates through the following segments: Trading & Investment and Ship Breaking. The Trading & Investment segment offers metal scrap, coals, aluminium foil, and other industrial in outs. The Ship Breaking segment includes dismantling and breaking of old and used ships. The company was founded on November 29, 1988 and is headquartered in Mumbai, India.
Inducto Steels Dividend Announcement
• Inducto Steels announced a annually dividend of ₹3.50 per ordinary share which will be made payable on . Ex dividend date: 2013-09-18
• Inducto Steels's trailing twelve-month (TTM) dividend yield is -%
Inducto Steels Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2013-09-18 | ₹3.50 | annually | |
| 2012-09-14 | ₹3.00 | annually | |
| 2011-09-19 | ₹2.50 | annually | |
| 2010-09-17 | ₹2.00 | annually | |
| 2009-09-17 | ₹1.50 | annually | |
| 2008-09-16 | ₹1.00 | annually | |
| 2007-09-06 | ₹0.50 | annually | |
| 2006-09-18 | ₹0.50 | annually |
Inducto Steels Dividend per year
Inducto Steels Dividend growth
Inducto Steels Dividend Yield
Inducto Steels current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Inducto Steels stock? Use our calculator to estimate your expected dividend yield:
Inducto Steels Financial Ratios
P/E ratio-439.30
PEG ratio-4.39
P/B ratio0.58
ROE-0.26%
Payout ratio0.00%
Current ratio4.45
Quick ratio1.33
Cash Ratio0.10
Inducto Steels Dividend FAQ
Does Inducto Steels stock pay dividends?
Inducto Steels does not currently pay dividends to its shareholders.
Has Inducto Steels ever paid a dividend?
No, Inducto Steels has no a history of paying dividends to its shareholders. Inducto Steels is not known for its dividend payments.
Why doesn't Inducto Steels pay dividends?
There are several potential reasons why Inducto Steels would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Inducto Steels ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Inducto Steels has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Inducto Steels a dividend aristocrat?
Inducto Steels is not considered a Dividend Aristocrat. 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 Inducto Steels a dividend king?
Inducto Steels is not classified as a "Dividend King". 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 Inducto Steels a dividend stock?
No, Inducto Steels is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Inducto Steels stocks?
To buy Inducto Steels 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Inducto Steels 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.
Place an order: Use the brokerage's trading platform to place an order to buy Inducto Steels 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.