Kansai Nerolac Paints Limited manufactures and sells paints and varnishes, enamels, or lacquers in India. It offers interior and exterior decorative wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and waterproofing products; and automotive and powder coatings, performance coatings liquid, auto refinish, primers, wood finishes, and construction chemicals. The company also develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers, and furniture industries. In addition, it provides disinfectant, hand sanitizers, and multi surface protective sheets. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was incorporated in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.
Kansai Nerolac Paints Dividend Announcement
• Kansai Nerolac Paints announced a annually dividend of ₹1.25 per ordinary share which will be made payable on 2024-07-03. Ex dividend date: 2024-06-21
• Kansai Nerolac Paints annual dividend for 2024 was ₹1.25
• Kansai Nerolac Paints annual dividend for 2023 was ₹2.70
• Kansai Nerolac Paints's trailing twelve-month (TTM) dividend yield is 0.48%
• Kansai Nerolac Paints's dividend growth over the last five years (2018-2023) was 0.76% year
• Kansai Nerolac Paints's dividend growth over the last ten years (2013-2023) was -13.10% year
Kansai Nerolac Paints Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ₹1.25 | annually | 2024-07-03 |
2023-05-25 | ₹2.70 | annually | 2023-07-26 |
2022-06-08 | ₹1.00 | annually | 2022-07-23 |
2021-11-08 | ₹1.25 | annually | 2021-11-24 |
2021-06-17 | ₹2.00 | annually | 2021-07-25 |
2020-11-12 | ₹1.25 | annually | 2020-12-03 |
2020-06-12 | ₹3.15 | annually | 2020-07-22 |
2019-06-13 | ₹2.60 | annually | 2019-07-21 |
2018-06-13 | ₹2.60 | annually | 2018-07-21 |
2017-06-13 | ₹2.50 | annually | 2017-07-21 |
2016-06-14 | ₹1.80 | annually | 2016-07-22 |
2015-06-26 | ₹1.40 | annually | |
2014-06-11 | ₹11.00 | annually | |
2013-06-07 | ₹11.00 | annually | 2013-07-18 |
Kansai Nerolac Paints Dividend per year
Kansai Nerolac Paints Dividend growth
Kansai Nerolac Paints Dividend Yield
Kansai Nerolac Paints current trailing twelve-month (TTM) dividend yield is 0.48%. Interested in purchasing Kansai Nerolac Paints stock? Use our calculator to estimate your expected dividend yield:
Kansai Nerolac Paints Financial Ratios
Kansai Nerolac Paints Dividend FAQ
Other factors to consider when evaluating Kansai Nerolac Paints 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: Kansai Nerolac Paints'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, Kansai Nerolac Paints 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, Kansai Nerolac Paints 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 Kansai Nerolac Paints 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: Kansai Nerolac Paints 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, Kansai Nerolac Paints distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kansai Nerolac Paints 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 Kansai Nerolac Paints'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 Kansai Nerolac Paints'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.