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Kanishk Steel Industries Ltd. engages in the manufacture and supply of iron and steel products. It offers thermo mechanically treated steel, structural steel, and sponge iron. The company was founded in March 1989 and is headquartered in Chennai, India.

Kanishk Steel Industries Dividend Announcement

Kanishk Steel Industries announced a annually dividend of ₹0.60 per ordinary share which will be made payable on . Ex dividend date: 2008-09-18
Kanishk Steel Industries's trailing twelve-month (TTM) dividend yield is -%

Kanishk Steel Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2008-09-18₹0.60annually
2007-09-25₹0.60annually
2006-08-30₹1.40annually
2005-09-28₹0.70annually

Kanishk Steel Industries Dividend per year

Kanishk Steel Industries Dividend growth

Kanishk Steel Industries Dividend Yield

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

Kanishk Steel Industries Financial Ratios

P/E ratio73.43
PEG ratio6.13
P/B ratio1.05
ROE2.85%
Payout ratio0.00%
Current ratio1.66
Quick ratio1.28
Cash Ratio0.08

Kanishk Steel Industries Dividend FAQ

Does Kanishk Steel Industries stock pay dividends?
Kanishk Steel Industries does not currently pay dividends to its shareholders.
Has Kanishk Steel Industries ever paid a dividend?
No, Kanishk Steel Industries has no a history of paying dividends to its shareholders. Kanishk Steel Industries is not known for its dividend payments.
Why doesn't Kanishk Steel Industries pay dividends?
There are several potential reasons why Kanishk Steel Industries 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 Kanishk Steel Industries 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 Kanishk Steel Industries 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 Kanishk Steel Industries a dividend aristocrat?
Kanishk Steel Industries 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 Kanishk Steel Industries a dividend king?
Kanishk Steel Industries 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 Kanishk Steel Industries a dividend stock?
No, Kanishk Steel Industries 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 Kanishk Steel Industries stocks?
To buy Kanishk Steel Industries 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 Kanishk Steel Industries 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.