Kalyani Steels Limited manufactures and sells iron and steel products. The company provides rolled bars for various automotive applications, including crankshaft, camshaft, connecting rods, gears, transmission shafts, axle beams, steering knuckles, and others; rolled bars for engineering applications comprising alloyed steels for use in energy, railways, defense, fasteners, material handling, etc.; and steel for use in the earthmoving, cement, sugar, steel, coal, ship-building, and oilfield industries, as well as general engineering equipment. It also offers round cast for seamless tube industry; and machined bars for aluminum smelting industry. The company serves various component manufacturers of commercial vehicles, two wheelers, diesel engines, bearings, tractors, turbines, and rail in India and internationally. Kalyani Steels Limited was incorporated in 1973 and is headquartered in Pune, India.
Kalyani Steels Dividend Announcement
• Kalyani Steels announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2024-09-02. Ex dividend date: 2024-08-14
• Kalyani Steels annual dividend for 2024 was ₹10.00
• Kalyani Steels annual dividend for 2023 was ₹10.00
• Kalyani Steels's trailing twelve-month (TTM) dividend yield is 1.29%
• Kalyani Steels's dividend growth over the last five years (2018-2023) was 14.87% year
Kalyani Steels Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-14 | ₹10.00 | annually | 2024-09-02 |
2023-08-11 | ₹10.00 | annually | 2023-08-30 |
2022-07-22 | ₹10.00 | annually | 2022-08-12 |
2021-08-26 | ₹7.50 | annually | 2021-09-15 |
2020-03-12 | ₹5.00 | annually | 2020-03-23 |
2019-08-16 | ₹5.00 | annually | 2019-09-26 |
2018-08-10 | ₹5.00 | annually | 2018-09-20 |
2017-07-24 | ₹5.00 | annually | 2017-08-31 |
2014-08-27 | ₹3.00 | annually | 2014-10-05 |
2013-07-18 | ₹1.50 | annually | 2013-08-23 |
2012-07-19 | ₹1.00 | annually | 2012-08-27 |
2011-08-04 | ₹2.00 | annually | 2011-09-11 |
Kalyani Steels Dividend per year
Kalyani Steels Dividend growth
Kalyani Steels Dividend Yield
Kalyani Steels current trailing twelve-month (TTM) dividend yield is 1.29%. Interested in purchasing Kalyani Steels stock? Use our calculator to estimate your expected dividend yield:
Kalyani Steels Financial Ratios
Kalyani Steels Dividend FAQ
Other factors to consider when evaluating Kalyani Steels 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: Kalyani Steels'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, Kalyani Steels 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, Kalyani Steels 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 Kalyani Steels 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: Kalyani Steels 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, Kalyani Steels distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kalyani Steels 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 Kalyani Steels'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 Kalyani Steels'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.