M M Forgings Limited, together with its subsidiaries, designs, manufactures, and sells steel forgings for passenger cars, commercial vehicles, off highway, agricultural, and high pressure valves in India. It offers closed die forgings, such as axle beams, steering knuckles, crankshaft, axle spindles, gear blanks, sockets, front hubs, ball studs, cross, and differential spiders. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
M M Forgings Dividend Announcement
• M M Forgings announced a semi annually dividend of ₹8.00 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-14
• M M Forgings annual dividend for 2024 was ₹24.00
• M M Forgings annual dividend for 2023 was ₹6.00
• M M Forgings's trailing twelve-month (TTM) dividend yield is 2.25%
• M M Forgings's dividend growth over the last five years (2018-2023) was 3.71% year
• M M Forgings's dividend growth over the last ten years (2013-2023) was 7.18% year
M M Forgings Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ₹8.00 | semi annually | 2024-06-21 |
2024-06-07 | ₹16.00 | semi annually | 2024-06-21 |
2023-05-29 | ₹6.00 | semi annually | 2023-06-15 |
2022-06-06 | ₹6.00 | semi annually | 2022-06-23 |
2021-07-01 | ₹5.00 | semi annually | 2021-07-20 |
2020-03-19 | ₹5.00 | semi annually | 2020-03-31 |
2019-06-07 | ₹2.50 | semi annually | 2019-06-27 |
2019-02-22 | ₹2.50 | semi annually | 2019-03-11 |
2018-06-07 | ₹5.00 | semi annually | 2018-06-20 |
2017-12-05 | ₹5.00 | semi annually | 2017-12-14 |
2017-06-01 | ₹1.00 | semi annually | 2017-06-15 |
2016-08-29 | ₹5.00 | semi annually | 2016-09-09 |
2016-03-21 | ₹3.00 | semi annually | 2016-04-08 |
2015-11-19 | ₹3.00 | semi annually | 2015-12-06 |
2015-05-28 | ₹3.00 | semi annually | 2015-06-17 |
2014-11-03 | ₹3.00 | semi annually | 2014-11-19 |
2014-05-27 | ₹2.00 | semi annually | 2014-06-13 |
2014-02-17 | ₹2.00 | semi annually | 2014-03-04 |
2013-05-31 | ₹3.00 | semi annually | 2013-06-20 |
M M Forgings Dividend per year
M M Forgings Dividend growth
M M Forgings Dividend Yield
M M Forgings current trailing twelve-month (TTM) dividend yield is 2.25%. Interested in purchasing M M Forgings stock? Use our calculator to estimate your expected dividend yield:
M M Forgings Financial Ratios
M M Forgings Dividend FAQ
Other factors to consider when evaluating M M Forgings 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: M M Forgings'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, M M Forgings 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, M M Forgings 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 M M Forgings 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: M M Forgings 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, M M Forgings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: M M Forgings 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 M M Forgings'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 M M Forgings'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.