International Conveyors Limited, together with its subsidiaries, manufactures and markets PVC conveyor belting products in India and internationally. It operates through Conveyor Belting, Wind Energy, Trading Goods, and Investment segments. The company offers fire-resistance and anti-static conveyor belting for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt, as well as for use in timber industry. It also trades in ply and steel cord conveyor belting products, and fittings and accessories. In addition, the company engages in the wind power generation through its windmills with a total installed capacity of 4.65 MW; and invests in equity instruments, mutual funds, and inter corporate deposits. International Conveyors Limited was incorporated in 1973 and is based in Kolkata, India.
International Conveyors Dividend Announcement
• International Conveyors announced a annually dividend of ₹1.10 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-20
• International Conveyors annual dividend for 2024 was ₹1.10
• International Conveyors annual dividend for 2023 was ₹1.10
• International Conveyors's trailing twelve-month (TTM) dividend yield is 1.29%
International Conveyors Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹1.10 | annually | 2024-10-27 |
2023-09-22 | ₹1.10 | annually | 2023-10-29 |
2022-09-22 | ₹1.00 | annually | 2022-10-30 |
2017-09-14 | ₹0.05 | annually | 2017-10-23 |
2016-09-16 | ₹0.05 | annually | |
2015-09-18 | ₹0.25 | annually | |
2014-09-18 | ₹0.25 | annually | |
2013-08-29 | ₹0.25 | annually | |
2012-07-16 | ₹0.25 | annually | |
2011-09-16 | ₹0.15 | annually | |
2010-09-16 | ₹0.15 | annually | |
2009-10-30 | ₹20.00 | annually | |
2009-09-14 | ₹40.00 | annually |
International Conveyors Dividend per year
International Conveyors Dividend growth
International Conveyors Dividend Yield
International Conveyors current trailing twelve-month (TTM) dividend yield is 1.29%. Interested in purchasing International Conveyors stock? Use our calculator to estimate your expected dividend yield:
International Conveyors Financial Ratios
International Conveyors Dividend FAQ
Other factors to consider when evaluating International Conveyors 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: International Conveyors'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, International Conveyors 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, International Conveyors 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 International Conveyors 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: International Conveyors 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, International Conveyors distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: International Conveyors 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 International Conveyors'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 International Conveyors'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.