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Loyal Textile Mills Limited manufactures and sells yarn, woven fabric, knitted fabric, and technical clothing for the textile and apparel industries in India. The company operates through two segments, Manufacturing and Trading. It offers yarn products, such as raw white, melange, and specialty yarns; a range of fabric products including cotton, polyester blended, modal/tencal blended, viscose, and elastane fabrics; and garment products comprising corporate and work wear, hospital garments, hotel garments, and protective garments. The company provides home textile products, including special stiches comprising merrowing, picotting, double needle, self hem, self piping, reverse hem, reverse piping and jacquard hem; special finishes comprising down proof, crease resistant, calendaring, silicon finish, and bio-polish finish; and organic cotton, as well as face masks and personal protective equipment kits. It also exports its products to Asia, Europe, the Americas, and internationally. The company was incorporated in 1946 and is based in Kovilpatti, India.

Loyal Textile Mills Dividend Announcement

• Loyal Textile Mills announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2022-10-22. Ex dividend date: 2022-09-14
• Loyal Textile Mills's trailing twelve-month (TTM) dividend yield is -%

Loyal Textile Mills Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-09-14₹10.00annually2022-10-22

Loyal Textile Mills Dividend per year

Loyal Textile Mills Dividend Yield

Loyal Textile Mills current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Loyal Textile Mills stock? Use our calculator to estimate your expected dividend yield:

Loyal Textile Mills Financial Ratios

P/E ratio-1.79
PEG ratio-0.06
P/B ratio0.56
ROE-25.92%
Payout ratio0.00%
Current ratio0.80
Quick ratio0.40
Cash Ratio0.01

Loyal Textile Mills Dividend FAQ

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