JK Tyre & Industries Limited develops, manufactures, markets, and distributes automotive tyres, tubes, and flaps in India, Mexico, and internationally. The company offers truck/bus bias and radial, light and small commercial vehicle, farm, passenger car radial, off the road and industrial, military/defense, specialty, two- and three-wheeler, motorcycle and scooter, and racing car tyres, as well as retreads. It also operates tyre care centers that are involved in the repair, inflation pressure check, wheel alignment and balancing, rotation, and servicing of tyres.JK Tyre & Industries Limited provides its products under JK Tyre, Vikrant, and Tornel brands. The company markets its products and services through a network of approximately 600 Steel Wheels, Xpress Wheels, Truck Wheels, and Retread centers, as well as approximately 650 brand shops. JK Tyre & Industries Limited was incorporated in 1951 and is headquartered in New Delhi, India.
JK Tyre & Industries Dividend Announcement
• JK Tyre & Industries announced a semi annually dividend of ₹3.50 per ordinary share which will be made payable on 2024-09-01. Ex dividend date: 2024-07-26
• JK Tyre & Industries annual dividend for 2024 was ₹4.50
• JK Tyre & Industries annual dividend for 2023 was ₹2.00
• JK Tyre & Industries's trailing twelve-month (TTM) dividend yield is 1.23%
• JK Tyre & Industries's dividend growth over the last five years (2018-2023) was 5.92% year
• JK Tyre & Industries's dividend growth over the last ten years (2013-2023) was -5.44% year
JK Tyre & Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | ₹3.50 | semi annually | 2024-09-01 |
2024-02-16 | ₹1.00 | semi annually | |
2023-07-27 | ₹2.00 | semi annually | 2023-09-02 |
2022-08-18 | ₹1.50 | semi annually | 2022-09-25 |
2021-08-18 | ₹2.00 | semi annually | 2021-09-26 |
2020-09-14 | ₹0.70 | semi annually | 2020-10-22 |
2019-08-06 | ₹1.50 | semi annually | 2019-09-13 |
2018-08-13 | ₹1.50 | semi annually | 2018-09-05 |
2017-07-27 | ₹2.50 | semi annually | 2017-09-03 |
2016-08-25 | ₹2.50 | semi annually | 2016-10-02 |
2015-09-14 | ₹1.50 | semi annually | 2015-10-22 |
2014-09-15 | ₹5.00 | semi annually | 2014-10-25 |
2013-08-01 | ₹3.50 | semi annually |
JK Tyre & Industries Dividend per year
JK Tyre & Industries Dividend growth
JK Tyre & Industries Dividend Yield
JK Tyre & Industries current trailing twelve-month (TTM) dividend yield is 1.23%. Interested in purchasing JK Tyre & Industries stock? Use our calculator to estimate your expected dividend yield:
JK Tyre & Industries Financial Ratios
JK Tyre & Industries Dividend FAQ
Other factors to consider when evaluating JK Tyre & Industries 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: JK Tyre & Industries'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, JK Tyre & Industries 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, JK Tyre & Industries 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 JK Tyre & Industries 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: JK Tyre & Industries 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, JK Tyre & Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: JK Tyre & Industries 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 JK Tyre & Industries'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 JK Tyre & Industries'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.