Laxmi Cotspin Limited engages in processing and selling textiles in India. The company offers cotton yarns, bales, seeds, and oil; fabrics; and oil cakes. It exports its products to Asian and European countries. Laxmi Cotspin Limited was incorporated in 2005 and is based in Jalna, India.
Laxmi Cotspin Dividend Announcement
• Laxmi Cotspin announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2018-09-12. Ex dividend date: 2018-08-02
• Laxmi Cotspin's trailing twelve-month (TTM) dividend yield is -%
Laxmi Cotspin Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2018-08-02 | ₹0.50 | annually | 2018-09-12 |
| 2017-07-10 | ₹0.50 | annually | 2017-08-17 |
Laxmi Cotspin Dividend per year
Laxmi Cotspin Dividend Yield
Laxmi Cotspin current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Laxmi Cotspin stock? Use our calculator to estimate your expected dividend yield:
Laxmi Cotspin Financial Ratios
P/E ratio-52.39
PEG ratio-1.50
P/B ratio0.87
ROE-1.99%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Laxmi Cotspin Dividend FAQ
Does Laxmi Cotspin stock pay dividends?
Laxmi Cotspin does not currently pay dividends to its shareholders.
Has Laxmi Cotspin ever paid a dividend?
No, Laxmi Cotspin has no a history of paying dividends to its shareholders. Laxmi Cotspin is not known for its dividend payments.
Why doesn't Laxmi Cotspin pay dividends?
There are several potential reasons why Laxmi Cotspin 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.
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 Laxmi Cotspin 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 Laxmi Cotspin 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 Laxmi Cotspin a dividend aristocrat?
Laxmi Cotspin 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 Laxmi Cotspin a dividend king?
Laxmi Cotspin 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 Laxmi Cotspin a dividend stock?
No, Laxmi Cotspin 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 Laxmi Cotspin stocks?
To buy Laxmi Cotspin 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 Laxmi Cotspin 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.
Place an order: Use the brokerage's trading platform to place an order to buy Laxmi Cotspin 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.