Lagnam Spintex Limited manufactures and sells cotton yarns in India. Its products are used in various applications, such as denims, terry towels, home textiles, bottom wears, sheetings, sweaters, socks, weaving and knitting, industrial fabrics, etc. The company exports its products to Portugal, Italy, Germany, Turkey, Egypt, Belgium, South Africa, Slovania, Columbia, China, Pakistan, Bangladesh, South Korea, Peru, Guatemala, and other countries. Lagnam Spintex Limited was incorporated in 2010 and is based in Bhilwara, India.
Lagnam Spintex Dividend Announcement
• Lagnam Spintex announced a semi annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2024-07-09
• Lagnam Spintex annual dividend for 2024 was ₹0.50
• Lagnam Spintex's trailing twelve-month (TTM) dividend yield is 0.46%
Lagnam Spintex Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-09 | ₹0.50 | semi annually | |
2022-06-20 | ₹0.50 | semi annually | |
2022-01-27 | ₹0.50 | semi annually | |
2021-07-15 | ₹0.50 | semi annually |
Lagnam Spintex Dividend per year
Lagnam Spintex Dividend Yield
Lagnam Spintex current trailing twelve-month (TTM) dividend yield is 0.46%. Interested in purchasing Lagnam Spintex stock? Use our calculator to estimate your expected dividend yield:
Lagnam Spintex Financial Ratios
Lagnam Spintex Dividend FAQ
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.
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