Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells in automotive components in India. It offers integrated plastic modules; 2-wheeler chassis and swing arms; 3-wheeler trailing arms; 2/3 wheeler lighting products; gear shifters; sift towers; emission systems; seat frames; oxygen sensors; telematics products; antennas; on-board antennas; and electric devices and components. The company serves two, three, and four-wheeler commercial vehicle and off-road vehicle original equipment manufacturers. It also exports its products. The company was formerly known as Dhanesh Auto Electricals Limited and changed its name to Lumax Auto Technologies Limited in 2006. Lumax Auto Technologies Limited was incorporated in 1981 and is based in New Delhi, India.
Lumax Auto Technologies Dividend Announcement
• Lumax Auto Technologies announced a semi annually dividend of ₹5.50 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-09
• Lumax Auto Technologies annual dividend for 2024 was ₹5.50
• Lumax Auto Technologies annual dividend for 2023 was ₹9.00
• Lumax Auto Technologies's trailing twelve-month (TTM) dividend yield is 1.09%
• Lumax Auto Technologies's dividend growth over the last five years (2018-2023) was 35.10% year
• Lumax Auto Technologies's dividend growth over the last ten years (2013-2023) was 4.14% year
Lumax Auto Technologies Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-09 | ₹5.50 | semi annually | 2024-10-26 |
2023-08-10 | ₹4.50 | semi annually | 2023-09-20 |
2023-08-07 | ₹4.50 | semi annually | |
2022-07-08 | ₹3.50 | semi annually | 2022-08-20 |
2021-08-20 | ₹3.00 | semi annually | 2021-09-08 |
2020-08-19 | ₹1.00 | semi annually | 2020-09-27 |
2020-03-05 | ₹2.00 | semi annually | 2020-03-19 |
2019-08-14 | ₹3.00 | semi annually | 2019-09-14 |
2018-08-09 | ₹2.00 | semi annually | 2018-09-20 |
2017-08-09 | ₹4.70 | semi annually | 2017-09-17 |
2016-03-17 | ₹4.70 | semi annually | 2016-09-22 |
2015-08-12 | ₹7.00 | semi annually | |
2014-07-15 | ₹6.00 | semi annually | 2014-08-22 |
2013-08-14 | ₹6.00 | semi annually | 2013-09-22 |
Lumax Auto Technologies Dividend per year
Lumax Auto Technologies Dividend growth
Lumax Auto Technologies Dividend Yield
Lumax Auto Technologies current trailing twelve-month (TTM) dividend yield is 1.09%. Interested in purchasing Lumax Auto Technologies stock? Use our calculator to estimate your expected dividend yield:
Lumax Auto Technologies Financial Ratios
Lumax Auto Technologies Dividend FAQ
Other factors to consider when evaluating Lumax Auto Technologies 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.
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1. Determination of Dividend: Lumax Auto Technologies'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, Lumax Auto Technologies 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, Lumax Auto Technologies 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 Lumax Auto Technologies 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.
1. Record Date: Lumax Auto Technologies 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, Lumax Auto Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lumax Auto Technologies 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.
To assess the safety of Lumax Auto Technologies'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 Lumax Auto Technologies'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.