Lux Industries Limited manufactures and sells knitwear in India. The company offers vests, briefs, boxers, drawers and trunks, T-shirts, hoodies and sweatshirts, polo and tees, shorts, tracks, tops and bottoms, winter wear, leggings, racer backs, camisole straps, slips, loungers and pyjamas, bras, and panties under the Lux Venus, Lux Classic, Lux Karishma, Lux Touch, GenX, Lux Cozi, Lux Cozi Big Shot, Lux Cott's Wool, Lux Inferno, Lux Mozze, ONN, Lyra, Lux Cozi GLO, Lux Cozi Her, Lux Venus Classic, and One8 for men, women, and kids. It also exports its products to 46 countries worldwide. The company was formerly known as Biswanath Hosiery Mills and changed its name to Lux Industries Limited in 1995. Lux Industries Limited was incorporated in 1957 and is headquartered in Kolkata, India.
Lux Industries Dividend Announcement
• Lux Industries announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-19
• Lux Industries annual dividend for 2024 was ₹2.00
• Lux Industries annual dividend for 2023 was ₹5.00
• Lux Industries's trailing twelve-month (TTM) dividend yield is 0.11%
Lux Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | ₹2.00 | annually | 2024-10-26 |
2023-09-22 | ₹5.00 | annually | 2023-10-29 |
2021-11-10 | ₹12.00 | annually | 2021-11-20 |
2020-09-16 | ₹2.50 | annually | 2020-10-24 |
2020-02-18 | ₹10.00 | annually | 2020-02-26 |
2019-08-28 | ₹3.50 | annually | 2019-10-05 |
2018-09-18 | ₹2.00 | annually | 2018-10-27 |
2017-09-13 | ₹1.40 | annually | 2017-10-21 |
2016-09-16 | ₹0.20 | annually | 2016-10-27 |
2016-03-22 | ₹6.00 | annually | 2016-04-11 |
Lux Industries Dividend per year
Lux Industries Dividend growth
Lux Industries Dividend Yield
Lux Industries current trailing twelve-month (TTM) dividend yield is 0.11%. Interested in purchasing Lux Industries stock? Use our calculator to estimate your expected dividend yield:
Lux Industries Financial Ratios
Lux Industries Dividend FAQ
Other factors to consider when evaluating Lux 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.
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1. Determination of Dividend: Lux 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, Lux 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, Lux 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 Lux 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.
1. Record Date: Lux 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, Lux 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: Lux 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.
To assess the safety of Lux 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 Lux 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.