Kitex Garments Limited, together with its subsidiaries, manufactures and sells fabric and readymade garments in India. It primarily offers infant wear comprising body suits; rompters and skirts; burps; sleepsuits; tops and dresses; bibs; sleepwear and SNP; baby quilts and bedding; and training pants and jackets. The company also exports its products to the United States and Europe. Kitex Garments Limited was incorporated in 1992 and is based in Kochi, India.
Kitex Garments Dividend Announcement
• Kitex Garments announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-09-20
• Kitex Garments annual dividend for 2024 was ₹1.50
• Kitex Garments annual dividend for 2023 was ₹1.50
• Kitex Garments's trailing twelve-month (TTM) dividend yield is 0.2%
• Kitex Garments's dividend growth over the last five years (2018-2023) was 14.87% year
• Kitex Garments's dividend growth over the last ten years (2013-2023) was 6.49% year
Kitex Garments Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹1.50 | annually | 2024-10-28 |
2023-09-22 | ₹1.50 | annually | 2023-10-29 |
2022-08-19 | ₹1.50 | annually | 2022-09-28 |
2021-08-30 | ₹1.50 | annually | 2021-09-30 |
2020-02-18 | ₹1.50 | annually | 2020-03-07 |
2019-08-19 | ₹1.50 | annually | 2019-09-25 |
2018-07-19 | ₹0.75 | annually | 2018-08-25 |
2017-11-16 | ₹0.75 | annually | 2017-11-30 |
2017-06-09 | ₹0.75 | annually | 2017-07-17 |
2016-11-17 | ₹0.75 | annually | 2016-11-30 |
2016-06-02 | ₹0.75 | annually | 2016-07-08 |
2015-10-29 | ₹0.75 | annually | 2015-11-18 |
2015-05-25 | ₹1.25 | annually | 2015-07-04 |
2014-05-07 | ₹1.00 | annually | 2014-06-14 |
2013-05-07 | ₹0.80 | annually | 2013-06-12 |
Kitex Garments Dividend per year
Kitex Garments Dividend growth
Kitex Garments Dividend Yield
Kitex Garments current trailing twelve-month (TTM) dividend yield is 0.2%. Interested in purchasing Kitex Garments stock? Use our calculator to estimate your expected dividend yield:
Kitex Garments Financial Ratios
Kitex Garments Dividend FAQ
Other factors to consider when evaluating Kitex Garments 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: Kitex Garments'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, Kitex Garments 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, Kitex Garments 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 Kitex Garments 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: Kitex Garments 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, Kitex Garments distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kitex Garments 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 Kitex Garments'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 Kitex Garments'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.