Kandagiri Spinning Mills Ltd. engages in the manufacture and sale of cotton yarn. Its products include single yarn, combed, knitting, compact, double, and gassed yarn. The company was founded by Sengodan Palaniandi Ratnam, Sengodan Palaniandi Sambandam, Sengodan Palaniandi Rajendran, and K. R. Manicka Mudaliar on May 5, 1976 and is headquartered in Salem, India.
Kandagiri Spinning Mills Dividend Announcement
• Kandagiri Spinning Mills announced a semi annually dividend of ₹2.00 per ordinary share which will be made payable on . Ex dividend date: 2011-07-26
• Kandagiri Spinning Mills's trailing twelve-month (TTM) dividend yield is -%
Kandagiri Spinning Mills Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2011-07-26 | ₹2.00 | semi annually | |
| 2011-02-08 | ₹2.00 | semi annually | |
| 2008-09-17 | ₹2.00 | semi annually | |
| 2007-07-03 | ₹5.00 | semi annually | |
| 2006-06-20 | ₹5.00 | semi annually | |
| 2005-07-19 | ₹3.50 | semi annually | |
| 2004-06-22 | ₹3.50 | semi annually | |
| 2003-07-02 | ₹3.50 | semi annually | |
| 2002-09-03 | ₹2.00 | semi annually |
Kandagiri Spinning Mills Dividend per year
Kandagiri Spinning Mills Dividend growth
Kandagiri Spinning Mills Dividend Yield
Kandagiri Spinning Mills current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Kandagiri Spinning Mills stock? Use our calculator to estimate your expected dividend yield:
Kandagiri Spinning Mills Financial Ratios
P/E ratio-4.93
PEG ratio1.21
P/B ratio-1.82
ROE58.56%
Payout ratio0.00%
Current ratio0.17
Quick ratio0.17
Cash Ratio0.00
Kandagiri Spinning Mills Dividend FAQ
Does Kandagiri Spinning Mills stock pay dividends?
Kandagiri Spinning Mills does not currently pay dividends to its shareholders.
Has Kandagiri Spinning Mills ever paid a dividend?
No, Kandagiri Spinning Mills has no a history of paying dividends to its shareholders. Kandagiri Spinning Mills is not known for its dividend payments.
Why doesn't Kandagiri Spinning Mills pay dividends?
There are several potential reasons why Kandagiri Spinning Mills 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.
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 Kandagiri Spinning Mills 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 Kandagiri Spinning Mills 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 Kandagiri Spinning Mills a dividend aristocrat?
Kandagiri Spinning Mills 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 Kandagiri Spinning Mills a dividend king?
Kandagiri Spinning Mills 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 Kandagiri Spinning Mills a dividend stock?
No, Kandagiri Spinning Mills 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 Kandagiri Spinning Mills stocks?
To buy Kandagiri Spinning Mills 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 Kandagiri Spinning Mills 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.
Place an order: Use the brokerage's trading platform to place an order to buy Kandagiri Spinning Mills 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.