Laxmi Organic Industries Limited, a specialty chemical manufacturer, provides acetyl and specialty intermediates in India. The company's acetyl intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol, and other proprietary solvents; and specialty intermediates comprise ketene and diketene derivatives, such as esters, acetic anhydride, amides, arylides, and other chemicals. Its products are used in pharmaceuticals, agrochemicals, dyes and pigments, inks and paints, coatings, printing, packaging, flavour and fragrance, adhesives, electronics, automotive, and other industrial applications. The company exports its products to approximately 43 countries. Laxmi Organic Industries Limited was incorporated in 1989 and is based in Mumbai, India.
Laxmi Organic Industries Dividend Announcement
• Laxmi Organic Industries announced a annually dividend of ₹0.60 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-07-19 • Laxmi Organic Industries annual dividend for 2024 was ₹0.60 • Laxmi Organic Industries annual dividend for 2023 was ₹0.50 • Laxmi Organic Industries's trailing twelve-month (TTM) dividend yield is 0.22%
Laxmi Organic Industries current trailing twelve-month (TTM) dividend yield is 0.22%. Interested in purchasing Laxmi Organic Industries stock? Use our calculator to estimate your expected dividend yield:
Laxmi Organic Industries Financial Ratios
P/E ratio55.78
PEG ratio0.74
P/B ratio4.02
ROE7.75%
Payout ratio0.00%
Current ratio1.61
Quick ratio1.23
Cash Ratio0.05
Laxmi Organic Industries Dividend FAQ
How much is the next Laxmi Organic Industries dividend?
Laxmi Organic Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Laxmi Organic Industries dividend. The next Laxmi Organic Industries dividend will be released in July.
When is Laxmi Organic Industries dividend paid?
Laxmi Organic Industries pays dividends on a annually basis. The specific dates may vary each year but are generally around July. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Laxmi Organic Industries pay?
The specific amount of Laxmi Organic Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Laxmi Organic Industries's dividend history.
Does Laxmi Organic Industries stock pay dividends?
Yes, Laxmi Organic Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Laxmi Organic Industries's dividend history.
How much dividend does Laxmi Organic Industries pay?
Laxmi Organic Industries paid ₹0.6 in 2024, ₹0.5 in 2023, ₹0.7 in 2022, ₹0.5 in 2021, and ₹0.0 in 2020.
How often does Laxmi Organic Industries pay dividends?
Laxmi Organic Industries typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around July.
What is Laxmi Organic Industries's dividend yield?
The current dividend yield for Laxmi Organic Industries is 0.22%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Laxmi Organic Industries's exact dividend yield.
When does Laxmi Organic Industries go ex dividend?
Laxmi Organic Industries's ex-dividend date for the latest dividend was on 2024-07-19. Laxmi Organic Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Laxmi Organic Industries dividend paid?
Laxmi Organic Industries pays dividends on a annually basis, typically around July, but the exact dates can vary each year.
Will Laxmi Organic Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Laxmi Organic Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Laxmi Organic Industries dividend per share?
Laxmi Organic Industries paid ₹0.6 per share in 2024 and ₹0.5 per share in 2023. The amount of dividend per share that Laxmi Organic Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Laxmi Organic Industries a dividend aristocrat?
No, 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 Organic Industries a dividend king?
No, 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 Organic Industries a dividend stock?
Yes, Laxmi Organic Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Laxmi Organic Industries a good dividend stock?
Whether Laxmi Organic Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Laxmi Organic Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Laxmi Organic Industries 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.
Does Laxmi Organic Industries pay dividends monthly?
Laxmi Organic Industries typically pays dividends on a annually basis.
Does Laxmi Organic Industries pay dividends quarterly?
Laxmi Organic Industries currently pays dividends on a annually basis.
Has Laxmi Organic Industries ever paid a dividend?
Yes, Laxmi Organic Industries has a history of paying dividends to its shareholders. Laxmi Organic Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Laxmi Organic Industries dividend stocks?
To buy Laxmi Organic Industries 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Laxmi Organic Industries 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.
When does Laxmi Organic Industries pay dividends 2024?
Laxmi Organic Industries pays dividends on a annually basis. 2024 dividend payments are in 2024-08-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Laxmi Organic Industries increase its dividend in 2024?
Decisions regarding Laxmi Organic Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Laxmi Organic Industries dividend overview you can look into the above table of dividend history.
How Laxmi Organic Industries dividend works?
The Laxmi Organic Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Laxmi Organic Industries's dividend process works:
1. Determination of Dividend: Laxmi Organic Industries'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, Laxmi Organic Industries 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, Laxmi Organic Industries 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 Laxmi Organic Industries 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.
How are Laxmi Organic Industries dividends paid?
Laxmi Organic Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Laxmi Organic Industries 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, Laxmi Organic Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Laxmi Organic Industries 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.
How many times does Laxmi Organic Industries pay dividends?
Laxmi Organic Industries typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Laxmi Organic Industries pay dividends?
The general pattern is that Laxmi Organic Industries pays dividends around July. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Laxmi Organic Industries dividend safe?
The safety of Laxmi Organic Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Laxmi Organic Industries'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 Laxmi Organic Industries'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.