Isgec Heavy Engineering Limited operates as a heavy engineering company in India and internationally. It operates in two segments, Manufacturing of Machinery and Equipment; and Engineering, Procurement and Construction. The company offers process equipment, including reactors, pressure vessels, high-pressure shell and tube heat exchangers, and site fabricated columns; boilers, such as solid and biomass fuels, bagasse and biomass, oil and gas fired, blast furnace gas fired, waste to energy, and heat recovery boilers, as well as auxiliaries, such as air pollution control equipment, bag filters, SCR/SNCR, flue gas desulphurization systems, and deaerators; and field services comprising site construction and commissioning, operation and maintenance, supervision, retrofitting and modernization, residual life assessment studies, spares, and technical assistance. It also provides engineering, procurement, and construction services; sugar plants and machinery that include mills, diffusers, process house equipment, sugar refinery, turnkey distillery plants, and spares and retrofits; presses, which comprise mechanical and hydraulic straight sided presses, mechanical gap and ring frame presses, and servo presses; and steel castings, including steam/gas turbine, hydro turbine, valve, pump, mining and crushing, and general engineering castings. In addition, the company offers iron castings, air pollution control equipment, and liquefied gas containers, as well as provides contract manufacturing services. Further, it manufactures and sells sugar and its by-products. The company serves power, fertilizer, sugar and distillery, oil & gas, petrochemicals, automobile components, steel, defense, cement, chemicals, railways, space, and port industries. The company was formerly known as The Saraswati Industrial Syndicate Limited and changed its name to Isgec Heavy Engineering Limited in 2011. Isgec Heavy Engineering Limited was incorporated in 1933 and is headquartered in Noida, India.
Isgec Heavy Engineering Dividend Announcement
• Isgec Heavy Engineering announced a annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-08-21
• Isgec Heavy Engineering annual dividend for 2024 was ₹4.00
• Isgec Heavy Engineering annual dividend for 2023 was ₹3.00
• Isgec Heavy Engineering's trailing twelve-month (TTM) dividend yield is 0.31%
Isgec Heavy Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-21 | ₹4.00 | annually | 2024-09-26 |
2023-08-14 | ₹3.00 | annually | 2023-09-21 |
2022-08-12 | ₹2.00 | annually | 2022-09-20 |
2021-09-08 | ₹1.00 | annually | 2021-03-08 |
Isgec Heavy Engineering Dividend per year
Isgec Heavy Engineering Dividend growth
Isgec Heavy Engineering Dividend Yield
Isgec Heavy Engineering current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing Isgec Heavy Engineering stock? Use our calculator to estimate your expected dividend yield:
Isgec Heavy Engineering Financial Ratios
Isgec Heavy Engineering Dividend FAQ
Other factors to consider when evaluating Isgec Heavy Engineering 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: Isgec Heavy Engineering'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, Isgec Heavy Engineering 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, Isgec Heavy Engineering 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 Isgec Heavy Engineering 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: Isgec Heavy Engineering 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, Isgec Heavy Engineering distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Isgec Heavy Engineering 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 Isgec Heavy Engineering'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 Isgec Heavy Engineering'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.