JTEKT India Limited manufactures and sells steering systems and other auto components for the passenger car and utility vehicle manufacturers in the automobile sector in India. The company offers steering gears, columns and RPS assemblies, axle assemblies, and other auto ancillaries. It also exports its precision products to the United States, Europe, and Japan. The company was formerly known as Sona Koyo Steering Systems Limited and changed its name to JTEKT India Limited in April 2018. The company was incorporated in 1984 and is headquartered in Gurugram, India. JTEKT India Limited is a subsidiary of JTEKT Corporation.
JTEKT India Dividend Announcement
• JTEKT India announced a annually dividend of ₹0.60 per ordinary share which will be made payable on 2024-09-12. Ex dividend date: 2024-07-26
• JTEKT India annual dividend for 2024 was ₹0.60
• JTEKT India annual dividend for 2023 was ₹0.50
• JTEKT India's trailing twelve-month (TTM) dividend yield is 0.35%
• JTEKT India's dividend growth over the last ten years (2013-2023) was -2.59% year
JTEKT India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | ₹0.60 | annually | 2024-09-12 |
2023-07-28 | ₹0.50 | annually | 2023-09-10 |
2022-08-11 | ₹0.40 | annually | 2022-09-25 |
2021-09-02 | ₹0.15 | annually | 2021-10-16 |
2020-09-15 | ₹0.35 | annually | 2020-10-23 |
2019-08-01 | ₹0.80 | annually | 2019-09-08 |
2018-08-02 | ₹0.50 | annually | 2018-08-24 |
2017-08-14 | ₹0.50 | annually | 2017-09-02 |
2016-07-28 | ₹0.50 | annually | 2016-08-17 |
2015-09-04 | ₹0.65 | annually | 2015-10-14 |
2014-09-16 | ₹0.80 | annually | 2014-10-08 |
2013-07-30 | ₹0.65 | annually | 2013-09-09 |
JTEKT India Dividend per year
JTEKT India Dividend growth
JTEKT India Dividend Yield
JTEKT India current trailing twelve-month (TTM) dividend yield is 0.35%. Interested in purchasing JTEKT India stock? Use our calculator to estimate your expected dividend yield:
JTEKT India Financial Ratios
JTEKT India Dividend FAQ
Other factors to consider when evaluating JTEKT India 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: JTEKT India'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, JTEKT India 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, JTEKT India 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 JTEKT India 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: JTEKT India 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, JTEKT India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: JTEKT India 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 JTEKT India'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 JTEKT India'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.