JTL Industries Limited manufactures and sells steel pipes and tubes in India. The company offers galvanized, welded black, and electrogalvanized steel pipes and tubes for use in structural, mechanical, and general engineering purposes; ERW pipes for water, gas, and sewerage; steel tubes for idlers of belt conveyors and water wells; and lancing pipes for various automotive and industrial applications. It also provides structural, steel, square/rectangular, and round hollow sections, as well as mild steel black ERW square tubes, rectangular and round tubes, and hot rolled steel sections; LTZ sections and other steel products; and scaffolding fittings, scaffolding fitting systems, and accessories, including cold pressed steel scaffolding and drop forged fittings. In addition, the company offers mild steel angles and channels, and MS angles and channels; solar module mounting structures; solar turnkey EPC solutions; and logistics, and packaging and loading services. It serves various industries, including water transportation, agriculture, infrastructure, solar power, green houses, chemicals, sign posts, automotive, consumer durables, engineering, and oil and gas. JTL Infra Limited also exports its products. The company was formerly known as JTL Infra Limited and changed its name to JTL Industries Limited in November 2022. JTL Industries Limited was incorporated in 1991 and is based in Chandigarh, India.
JTL Industries Dividend Announcement
• JTL Industries announced a annually dividend of ₹0.25 per ordinary share which will be made payable on 2024-10-14. Ex dividend date: 2024-08-30
• JTL Industries annual dividend for 2024 was ₹0.25
• JTL Industries annual dividend for 2023 was ₹0.40
• JTL Industries's trailing twelve-month (TTM) dividend yield is 0.26%
JTL Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | ₹0.25 | annually | 2024-10-14 |
2023-08-04 | ₹0.40 | annually | 2023-09-29 |
JTL Industries Dividend per year
JTL Industries Dividend Yield
JTL Industries current trailing twelve-month (TTM) dividend yield is 0.26%. Interested in purchasing JTL Industries stock? Use our calculator to estimate your expected dividend yield:
JTL Industries Financial Ratios
JTL Industries Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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