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Lloyds Engineering Works Limited provides engineering products and services in India. It designs, engineers, manufactures, fabricates, supplies, erects, and commissions mechanical, hydraulic, structural, process plants, metallurgical, and chemical plants equipment, including marine loading/unloading arms, truck/wagon loading/unloading arms, columns, pressure vessels, dryers, boilers, power plant, steel plant, and capital equipment. The company also executes turnkey and EPC projects. It serves hydrocarbon; steel; nuclear; marine/defense; power; and port, jetty, and refinery industries. The company was formerly known as Lloyds Steels Industries Limited and changed its name to Lloyds Engineering Works Limited in July 2023. Lloyds Engineering Works Limited was founded in 1974 and is based in Mumbai, India.

Lloyds Engineering Works Dividend Announcement

• Lloyds Engineering Works announced a annually dividend of ₹0.20 per ordinary share which will be made payable on 2024-08-25. Ex dividend date: 2024-07-19
• Lloyds Engineering Works annual dividend for 2024 was ₹0.20
• Lloyds Engineering Works annual dividend for 2023 was ₹0.10
• Lloyds Engineering Works's trailing twelve-month (TTM) dividend yield is 0.27%

Lloyds Engineering Works Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-19₹0.20annually2024-08-25
2023-07-17₹0.10annually2023-08-22

Lloyds Engineering Works Dividend per year

Lloyds Engineering Works Dividend Yield

Lloyds Engineering Works current trailing twelve-month (TTM) dividend yield is 0.27%. Interested in purchasing Lloyds Engineering Works stock? Use our calculator to estimate your expected dividend yield:

Lloyds Engineering Works Financial Ratios

P/E ratio87.50
PEG ratio2.62
P/B ratio19.41
ROE25.61%
Payout ratio0.00%
Current ratio1.28
Quick ratio0.94
Cash Ratio0.45

Lloyds Engineering Works Dividend FAQ

Does Lloyds Engineering Works stock pay dividends?
Lloyds Engineering Works does not currently pay dividends to its shareholders.
Has Lloyds Engineering Works ever paid a dividend?
No, Lloyds Engineering Works has no a history of paying dividends to its shareholders. Lloyds Engineering Works is not known for its dividend payments.
Why doesn't Lloyds Engineering Works pay dividends?
There are several potential reasons why Lloyds Engineering Works 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.
Will Lloyds Engineering Works 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 Lloyds Engineering Works 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 Lloyds Engineering Works a dividend aristocrat?
Lloyds Engineering Works 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 Lloyds Engineering Works a dividend king?
Lloyds Engineering Works 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 Lloyds Engineering Works a dividend stock?
No, Lloyds Engineering Works 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 Lloyds Engineering Works stocks?
To buy Lloyds Engineering Works 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 Lloyds Engineering Works 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.