L.G. Balakrishnan & Bros Limited manufactures and sells chains, sprockets, and metal formed parts for automotive applications in India and internationally. The company operates through Transmission, Metal Forming, and Others segments. It offers transmission products comprising motorcycle and engine drive chains; special application chains for go kart, snow bikes, racing purposes, and other customized applications; sprockets and gears; tensioners; belts; and brake shoes. The company also provides metal forming products consisting of fine blanking for precision sheet metal parts; and machined components, as well as wire drawing products for other chain manufacturing plants, spring steel suppliers, umbrella manufacturers, etc. It markets its products under the Rolon brand name. The company was founded in 1937 and is based in Coimbatore, India.
L.G. Balakrishnan & Bros Dividend Announcement
• L.G. Balakrishnan & Bros announced a annually dividend of ₹18.00 per ordinary share which will be made payable on 2024-09-25. Ex dividend date: 2024-08-22
• L.G. Balakrishnan & Bros annual dividend for 2024 was ₹18.00
• L.G. Balakrishnan & Bros annual dividend for 2023 was ₹16.00
• L.G. Balakrishnan & Bros's trailing twelve-month (TTM) dividend yield is 1.48%
• L.G. Balakrishnan & Bros's dividend growth over the last five years (2018-2023) was 28.88% year
• L.G. Balakrishnan & Bros's dividend growth over the last ten years (2013-2023) was 2.50% year
L.G. Balakrishnan & Bros Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-22 | ₹18.00 | annually | 2024-09-25 |
2023-09-18 | ₹16.00 | annually | 2023-10-20 |
2022-08-17 | ₹15.00 | annually | 2022-09-24 |
2021-09-01 | ₹10.00 | annually | 2021-10-09 |
2020-03-05 | ₹5.00 | annually | 2020-03-20 |
2019-07-10 | ₹5.00 | annually | 2019-07-11 |
2018-08-21 | ₹4.50 | annually | 2018-09-29 |
2017-07-19 | ₹7.00 | annually | 2017-08-21 |
2016-07-05 | ₹1.00 | annually | 2016-08-10 |
2016-03-22 | ₹2.50 | annually | 2016-03-30 |
2015-11-10 | ₹2.50 | annually | 2015-11-25 |
2015-09-02 | ₹3.80 | annually | 2015-10-10 |
2014-11-13 | ₹3.20 | annually | |
2014-07-04 | ₹7.00 | annually | 2014-07-20 |
2013-11-13 | ₹5.00 | annually | 2013-11-25 |
2013-07-30 | ₹2.00 | annually | 2013-09-07 |
2013-02-07 | ₹5.50 | annually | 2013-02-22 |
L.G. Balakrishnan & Bros Dividend per year
L.G. Balakrishnan & Bros Dividend growth
L.G. Balakrishnan & Bros Dividend Yield
L.G. Balakrishnan & Bros current trailing twelve-month (TTM) dividend yield is 1.48%. Interested in purchasing L.G. Balakrishnan & Bros stock? Use our calculator to estimate your expected dividend yield:
L.G. Balakrishnan & Bros Financial Ratios
L.G. Balakrishnan & Bros Dividend FAQ
Other factors to consider when evaluating L.G. Balakrishnan & Bros 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: L.G. Balakrishnan & Bros'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, L.G. Balakrishnan & Bros 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, L.G. Balakrishnan & Bros 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 L.G. Balakrishnan & Bros 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: L.G. Balakrishnan & Bros 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, L.G. Balakrishnan & Bros distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: L.G. Balakrishnan & Bros 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 L.G. Balakrishnan & Bros'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 L.G. Balakrishnan & Bros'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.