JSW Steel Limited engages in the manufacture and sale of iron and steel products in India and internationally. The company provides hot rolled and cold-rolled coils, as well as galvanized, galvalume, and color coated products; and TMT bars, wire rods, and special alloy steel products. Its products are used in automotive, general engineering, machinery, and projects and construction applications. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is based in Mumbai, India.
JSW Steel Dividend Announcement
• JSW Steel announced a annually dividend of ₹7.30 per ordinary share which will be made payable on 2024-08-25. Ex dividend date: 2024-07-09
• JSW Steel annual dividend for 2024 was ₹7.30
• JSW Steel annual dividend for 2023 was ₹3.40
• JSW Steel's trailing twelve-month (TTM) dividend yield is 0.73%
• JSW Steel's dividend growth over the last five years (2018-2023) was 1.22% year
• JSW Steel's dividend growth over the last ten years (2013-2023) was -10.23% year
JSW Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-09 | ₹7.30 | annually | 2024-08-25 |
2023-07-11 | ₹3.40 | annually | 2023-08-27 |
2022-07-04 | ₹17.35 | annually | 2022-07-22 |
2021-07-05 | ₹6.50 | annually | 2021-07-23 |
2020-07-06 | ₹2.00 | annually | 2020-07-27 |
2019-07-08 | ₹4.10 | annually | 2019-07-29 |
2018-07-06 | ₹3.20 | annually | 2018-08-23 |
2017-06-12 | ₹2.25 | annually | 2017-07-29 |
2016-07-04 | ₹7.50 | annually | 2016-08-25 |
2015-07-06 | ₹11.00 | annually | 2015-08-27 |
2014-07-07 | ₹11.00 | annually | 2014-08-30 |
2013-07-15 | ₹10.00 | annually | 2013-08-29 |
JSW Steel Dividend per year
JSW Steel Dividend growth
JSW Steel Dividend Yield
JSW Steel current trailing twelve-month (TTM) dividend yield is 0.73%. Interested in purchasing JSW Steel stock? Use our calculator to estimate your expected dividend yield:
JSW Steel Financial Ratios
JSW Steel Dividend FAQ
Other factors to consider when evaluating JSW Steel 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: JSW Steel'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, JSW Steel 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, JSW Steel 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 JSW Steel 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: JSW Steel 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, JSW Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: JSW Steel 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 JSW Steel'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 JSW Steel'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.