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Jupiter Wagons Limited manufactures and sells mobility solutions in India, Europe, and North America. It offers open, covered, flat, hopper, container, and special purpose wagons; and wagon accessories, such as alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also provides passenger and metro coaches, and train sets; and passenger coach accessories, including fabricated bogies, couplers and draft gears for passenger trains, axle mounted disc brake systems, brake discs and split brake discs, and brake pads. In addition, it offers track solutions, such as CMS crossings and weldable CMS crossings on PSC slipper; and commercial vehicles. The company serves the Indian railways, private wagon owners, and industrial railways and workshops. The company was formerly known as Commercial Engineers & Body Builders Co Limited and changed its name to Jupiter Wagons Limited in May 2022. Jupiter Wagons Limited was incorporated in 1979 and is based in Kolkata, India.

Jupiter Wagons Dividend Announcement

• Jupiter Wagons announced a quarterly dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-17. Ex dividend date: 2024-10-07
• Jupiter Wagons annual dividend for 2024 was ₹1.60
• Jupiter Wagons annual dividend for 2023 was ₹0.50
• Jupiter Wagons's trailing twelve-month (TTM) dividend yield is 0.32%

Jupiter Wagons Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-07₹1.00quarterly2024-10-17
2024-09-05₹0.30quarterly2024-10-12
2024-02-29₹0.30quarterly
2023-09-12₹0.50quarterly2023-10-19

Jupiter Wagons Dividend per year

Jupiter Wagons Dividend Yield

Jupiter Wagons current trailing twelve-month (TTM) dividend yield is 0.32%. Interested in purchasing Jupiter Wagons stock? Use our calculator to estimate your expected dividend yield:

Jupiter Wagons Financial Ratios

P/E ratio57.74
PEG ratio5.09
P/B ratio8.32
ROE21.49%
Payout ratio0.00%
Current ratio2.21
Quick ratio1.43
Cash Ratio0.58

Jupiter Wagons Dividend FAQ

Does Jupiter Wagons stock pay dividends?
Jupiter Wagons does not currently pay dividends to its shareholders.
Has Jupiter Wagons ever paid a dividend?
No, Jupiter Wagons has no a history of paying dividends to its shareholders. Jupiter Wagons is not known for its dividend payments.
Why doesn't Jupiter Wagons pay dividends?
There are several potential reasons why Jupiter Wagons would choose not to pay dividends to their shareholders:

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.
Will Jupiter Wagons ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Jupiter Wagons has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Jupiter Wagons a dividend aristocrat?
Jupiter Wagons is not considered a Dividend Aristocrat. 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 Jupiter Wagons a dividend king?
Jupiter Wagons is not classified as a "Dividend King". 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 Jupiter Wagons a dividend stock?
No, Jupiter Wagons is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Jupiter Wagons stocks?
To buy Jupiter Wagons 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Jupiter Wagons 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.