Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in India and internationally. It operates through Iron and Steel Products, Power, and Others segments. The company offers track and crane rails, and flash-butt welded rail panels; and medium and heavy hot rolled parallel flange beams and column sections for use in refineries, metro rail projects, airports, flyovers, power plants, highways, malls, and high rise buildings. It also provides discrete and cut to length plates, and hot rolled coils that are used in general engineering and structural fabrication, railway wagons, pressure vessels and boilers, oil and gas pipelines, bridges and flyovers, shipbuilding, earthmoving equipment, wind mills, and defense equipment; angles and channels for infrastructure, and industrial and light construction segments; TMT rebars; wire rods for various applications; round bars; and fabricated sections. In addition, the company offers suspended concrete flooring systems for use in steel frame structures, RCC frame buildings, poured insitu or precast concrete frames, light gauge steel frames, and conventional structural brick wall constructions; semi-finished products for pipe industries, integrated mills, and rolling facilities; and coal-based sponge iron products. Further, it operates coal and iron ore mines located at various locations in India and internationally; a 3400 MW thermal power plant in Tamnar, Chhattisgarh; and a 258 KM long 400 KV double circuit transmission line to pump the power into the National Grid in India. Additionally, the company produces cement under the Jindal Panther brand; and provides structural steel fabrication and project management services for constructing steel buildings, as well as offers engineering based customized construction solutions. The company was incorporated in 1979 and is based in New Delhi, India.
Jindal Steel & Power Dividend Announcement
• Jindal Steel & Power announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-09-29. Ex dividend date: 2024-08-22
• Jindal Steel & Power annual dividend for 2024 was ₹2.00
• Jindal Steel & Power annual dividend for 2023 was ₹2.00
• Jindal Steel & Power's trailing twelve-month (TTM) dividend yield is 0.2%
Jindal Steel & Power Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-22 | ₹2.00 | annually | 2024-09-29 |
| 2023-08-18 | ₹2.00 | annually | 2023-09-27 |
| 2022-09-20 | ₹2.00 | annually | 2022-10-30 |
| 2022-03-16 | ₹1.00 | annually | 2022-04-09 |
| 2014-07-11 | ₹1.50 | annually | 2014-08-29 |
| 2013-09-13 | ₹1.60 | annually | 2013-10-30 |
| 2012-09-10 | ₹1.60 | annually | 2012-10-26 |
| 2011-09-12 | ₹1.50 | annually | 2011-10-29 |
| 2010-09-13 | ₹1.25 | annually | 2010-10-28 |
| 2009-09-14 | ₹5.50 | annually | 2009-10-29 |
| 2008-09-12 | ₹2.50 | annually | 2008-10-01 |
| 2008-02-27 | ₹1.50 | annually | 2008-04-01 |
| 2007-09-06 | ₹12.00 | annually | 2007-10-01 |
| 2007-02-05 | ₹6.00 | annually | 2007-02-21 |
| 2006-09-14 | ₹10.00 | annually | 2006-10-03 |
Jindal Steel & Power Dividend per year
Jindal Steel & Power Dividend growth
Jindal Steel & Power Dividend Yield
Jindal Steel & Power current trailing twelve-month (TTM) dividend yield is 0.2%. Interested in purchasing Jindal Steel & Power stock? Use our calculator to estimate your expected dividend yield:
Jindal Steel & Power Financial Ratios
P/E ratio18.02
PEG ratio3.08
P/B ratio2.27
ROE13.42%
Payout ratio0.00%
Current ratio1.11
Quick ratio0.67
Cash Ratio0.25
Jindal Steel & Power Dividend FAQ
How much is the next Jindal Steel & Power dividend?
Jindal Steel & Power's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Jindal Steel & Power dividend. The next Jindal Steel & Power dividend will be released in August.
When is Jindal Steel & Power dividend paid?
Jindal Steel & Power pays dividends on a annually basis. The specific dates may vary each year but are generally around August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Jindal Steel & Power pay?
The specific amount of Jindal Steel & Power dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Jindal Steel & Power's dividend history.
Does Jindal Steel & Power stock pay dividends?
Yes, Jindal Steel & Power does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Jindal Steel & Power's dividend history.
How much dividend does Jindal Steel & Power pay?
Jindal Steel & Power paid ₹2.0 in 2024, ₹2.0 in 2023, ₹3.0 in 2022, ₹0.0 in 2021, and ₹0.0 in 2020.
How often does Jindal Steel & Power pay dividends?
Jindal Steel & Power typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around August.
What is Jindal Steel & Power's dividend yield?
The current dividend yield for Jindal Steel & Power is 0.2%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Jindal Steel & Power's exact dividend yield.
When does Jindal Steel & Power go ex dividend?
Jindal Steel & Power's ex-dividend date for the latest dividend was on 2024-08-22. Jindal Steel & Power typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Jindal Steel & Power dividend paid?
Jindal Steel & Power pays dividends on a annually basis, typically around August, but the exact dates can vary each year.
Will Jindal Steel & Power increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Jindal Steel & Power will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Jindal Steel & Power dividend per share?
Jindal Steel & Power paid ₹2.0 per share in 2024 and ₹2.0 per share in 2023. The amount of dividend per share that Jindal Steel & Power pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Jindal Steel & Power a dividend aristocrat?
No, 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 Jindal Steel & Power a dividend king?
No, 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 Jindal Steel & Power a dividend stock?
Yes, Jindal Steel & Power is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Jindal Steel & Power a good dividend stock?
Whether Jindal Steel & Power is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Jindal Steel & Power has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Jindal Steel & Power 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.
Other factors to consider when evaluating Jindal Steel & Power 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.
Does Jindal Steel & Power pay dividends monthly?
Jindal Steel & Power typically pays dividends on a annually basis.
Does Jindal Steel & Power pay dividends quarterly?
Jindal Steel & Power currently pays dividends on a annually basis.
Has Jindal Steel & Power ever paid a dividend?
Yes, Jindal Steel & Power has a history of paying dividends to its shareholders. Jindal Steel & Power is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Jindal Steel & Power dividend stocks?
To buy Jindal Steel & Power 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Jindal Steel & Power 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 Jindal Steel & Power 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.
When does Jindal Steel & Power pay dividends 2024?
Jindal Steel & Power pays dividends on a annually basis. 2024 dividend payments are in 2024-09-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Jindal Steel & Power increase its dividend in 2024?
Decisions regarding Jindal Steel & Power dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Jindal Steel & Power dividend overview you can look into the above table of dividend history.
How Jindal Steel & Power dividend works?
The Jindal Steel & Power dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Jindal Steel & Power's dividend process works:
1. Determination of Dividend: Jindal Steel & Power'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, Jindal Steel & Power 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, Jindal Steel & Power 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 Jindal Steel & Power 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. Determination of Dividend: Jindal Steel & Power'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, Jindal Steel & Power 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, Jindal Steel & Power 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 Jindal Steel & Power 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.
How are Jindal Steel & Power dividends paid?
Jindal Steel & Power dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Jindal Steel & Power 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, Jindal Steel & Power distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jindal Steel & Power 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.
1. Record Date: Jindal Steel & Power 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, Jindal Steel & Power distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jindal Steel & Power 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.
How many times does Jindal Steel & Power pay dividends?
Jindal Steel & Power typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Jindal Steel & Power pay dividends?
The general pattern is that Jindal Steel & Power pays dividends around August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Jindal Steel & Power dividend safe?
The safety of Jindal Steel & Power's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Jindal Steel & Power'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 Jindal Steel & Power'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.
To assess the safety of Jindal Steel & Power'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 Jindal Steel & Power'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.