IOL Chemicals and Pharmaceuticals Limited manufactures and sells pharmaceutical and chemical products in India and internationally. The company offers active pharmaceutical ingredients (API), such as ibuprofen, ibuprofen lysinate, ibuprofen sodium, and dex- ibuprofen; and other APIs, including metformin hydrochloride, clopidogrel bisulphate, pantoprazole sodium, ursodeoxycholic acid, losartan potassium, gabapentin, levetiracetam, lamotrigine, and fenofibrate. Its products are used for treatments, which include anti-inflammatory, analgesic and antipyretic, anti-diabetic, anti- platelet, anti-cholesterol, anti- convulsant, anti-cholelithic, as well as proton pump inhibitor. The company also provides specialty industrial chemicals comprising ethyl acetate, iso butyl benzene, acetyl chloride, and mono chloro acetic acid for use in food processing, flexible packaging, pharmaceuticals, textiles, ink, paint, pesticides, and chemical intermediates industries. IOL Chemicals and Pharmaceuticals Limited was incorporated in 1986 and is headquartered in Ludhiana, India.
IOL Chemicals and Pharmaceuticals Dividend Announcement
• IOL Chemicals and Pharmaceuticals announced a annually dividend of ₹5.00 per ordinary share which will be made payable on . Ex dividend date: 2024-02-16
• IOL Chemicals and Pharmaceuticals annual dividend for 2024 was ₹5.00
• IOL Chemicals and Pharmaceuticals annual dividend for 2023 was ₹4.00
• IOL Chemicals and Pharmaceuticals's trailing twelve-month (TTM) dividend yield is 1.42%
• IOL Chemicals and Pharmaceuticals's payout ratio for the trailing twelve months (TTM) is 29.40%
IOL Chemicals and Pharmaceuticals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-02-16 | ₹5.00 | annually | |
2023-02-17 | ₹4.00 | annually | 2023-03-08 |
2022-02-15 | ₹4.00 | annually | 2022-03-05 |
2021-09-08 | ₹2.00 | annually | 2021-10-18 |
2020-11-17 | ₹4.00 | annually | 2020-12-05 |
2020-03-18 | ₹3.00 | annually | 2020-04-10 |
IOL Chemicals and Pharmaceuticals Dividend per year
IOL Chemicals and Pharmaceuticals Dividend growth
IOL Chemicals and Pharmaceuticals Dividend Yield
IOL Chemicals and Pharmaceuticals current trailing twelve-month (TTM) dividend yield is 1.42%. Interested in purchasing IOL Chemicals and Pharmaceuticals stock? Use our calculator to estimate your expected dividend yield:
IOL Chemicals and Pharmaceuticals Financial Ratios
IOL Chemicals and Pharmaceuticals Dividend FAQ
Other factors to consider when evaluating IOL Chemicals and Pharmaceuticals 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.
Place an order: Use the brokerage's trading platform to place an order to buy IOL Chemicals and Pharmaceuticals 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.
1. Determination of Dividend: IOL Chemicals and Pharmaceuticals'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, IOL Chemicals and Pharmaceuticals 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, IOL Chemicals and Pharmaceuticals 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 IOL Chemicals and Pharmaceuticals 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: IOL Chemicals and Pharmaceuticals 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, IOL Chemicals and Pharmaceuticals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IOL Chemicals and Pharmaceuticals 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 IOL Chemicals and Pharmaceuticals'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 IOL Chemicals and Pharmaceuticals'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.