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IRM Energy Limited, a city gas distribution company, engages in the laying, building, operating, and expanding of city natural gas distribution network in India. The company operates in Banaskantha, Fatehgarh Sahib, Diu & Gir Somnath, and Namakkal and Tiruchirappalli. It offers its services to industrial, commercial, domestic, and automobile customers. As of March 31, 2023, the company served 48,172 domestic customers, 179 industrial units, and 248 commercial establishments; and 62 CNG retail outlets. The company was formerly known as IRM Energy Private Limited and changed its name to IRM Energy Limited in March 2022. IRM Energy Limited was incorporated in 2015 and is based in Ahmedabad, India.

IRM Energy Dividend Announcement

• IRM Energy announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-09-01. Ex dividend date: 2024-07-12
• IRM Energy annual dividend for 2024 was ₹1.50
• IRM Energy's trailing twelve-month (TTM) dividend yield is 0.39%
• IRM Energy's payout ratio for the trailing twelve months (TTM) is 7.90%

IRM Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-12₹1.50annually2024-09-01

IRM Energy Dividend per year

IRM Energy Dividend Yield

IRM Energy current trailing twelve-month (TTM) dividend yield is 0.39%. Interested in purchasing IRM Energy stock? Use our calculator to estimate your expected dividend yield:

IRM Energy Financial Ratios

P/E ratio25.10
PEG ratio0.25
P/B ratio1.68
ROE7.92%
Payout ratio7.90%
Current ratio3.31
Quick ratio3.28
Cash Ratio2.19

IRM Energy Dividend FAQ

Does IRM Energy stock pay dividends?
IRM Energy does not currently pay dividends to its shareholders.
Has IRM Energy ever paid a dividend?
No, IRM Energy has no a history of paying dividends to its shareholders. IRM Energy is not known for its dividend payments.
Why doesn't IRM Energy pay dividends?
There are several potential reasons why IRM Energy 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.
Will IRM Energy 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 IRM Energy 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 IRM Energy a dividend aristocrat?
IRM Energy 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 IRM Energy a dividend king?
IRM Energy 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 IRM Energy a dividend stock?
No, IRM Energy 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 IRM Energy stocks?
To buy IRM Energy 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 IRM Energy 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.