Macpower CNC Machines Limited operates as a computer numerical control (CNC) manufacturing company in India. The company offers CNC turning centers for the bearing, valve, pump, tool room, automobile, process plant component, agriculture, textile, and piping industries; and vertical machining centers (VMCs) for tool rooms, die and molds, automobile, pattern, defense, power, and railways. It also provides turn mill centers for special purpose component, aeronautics, defense, agriculture, and medical applications; and vertical turret lathe for valve and motor bodies, engine liners, and railways. In addition, the company offers horizontal machining centers for automobile, die and mold, defense, aeronautics, textile, medical, and railways; drill tap centers for the electronics, automobile, and textile industries; twin head VMCs for the automobile and textile industries; and cylindrical grinders, as well as turn o' mill and twin spindle turning centers. Further, it manufactures hot air seam sealing and N-95 mask making machines. The company was incorporated in 2003 and is based in Rajkot, India.
Macpower CNC Machines Dividend Announcement
• Macpower CNC Machines announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-20
• Macpower CNC Machines annual dividend for 2024 was ₹1.50
• Macpower CNC Machines annual dividend for 2023 was ₹1.50
• Macpower CNC Machines's trailing twelve-month (TTM) dividend yield is 0.11%
Macpower CNC Machines Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹1.50 | annually | 2024-09-20 |
2023-09-15 | ₹1.50 | annually | 2023-10-22 |
2022-09-19 | ₹1.00 | annually | 2022-10-27 |
2021-11-02 | ₹0.50 | annually | 2021-11-24 |
2019-09-19 | ₹0.98 | annually | |
2018-09-12 | ₹0.98 | annually |
Macpower CNC Machines Dividend per year
Macpower CNC Machines Dividend growth
Macpower CNC Machines Dividend Yield
Macpower CNC Machines current trailing twelve-month (TTM) dividend yield is 0.11%. Interested in purchasing Macpower CNC Machines stock? Use our calculator to estimate your expected dividend yield:
Macpower CNC Machines Financial Ratios
Macpower CNC Machines Dividend FAQ
Other factors to consider when evaluating Macpower CNC Machines 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: Macpower CNC Machines'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, Macpower CNC Machines 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, Macpower CNC Machines 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 Macpower CNC Machines 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: Macpower CNC Machines 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, Macpower CNC Machines distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Macpower CNC Machines 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 Macpower CNC Machines'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 Macpower CNC Machines'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.