Magellanic Cloud Ltd. operates as a non-banking financial company. The firm engages in the development and design of software application, packages, system and modules either. It also offers technical, management and project consultancy service for development of systems, packages and also undertakes programs for the training of personnel at various locations. The company was founded on December 4, 1981 and is headquartered in Hyderabad, India.
MAGELLANIC CLOUD Dividend Announcement
• MAGELLANIC CLOUD announced a semi annually dividend of ₹0.03 per ordinary share which will be made payable on 2024-08-14. Ex dividend date: 2024-07-26 • MAGELLANIC CLOUD annual dividend for 2024 was ₹0.78 • MAGELLANIC CLOUD annual dividend for 2023 was ₹0.15 • MAGELLANIC CLOUD's trailing twelve-month (TTM) dividend yield is 0.21%
MAGELLANIC CLOUD current trailing twelve-month (TTM) dividend yield is 0.21%. Interested in purchasing MAGELLANIC CLOUD stock? Use our calculator to estimate your expected dividend yield:
MAGELLANIC CLOUD Financial Ratios
P/E ratio44.42
PEG ratio0.44
P/B ratio12.04
ROE58.95%
Payout ratio0.00%
Current ratio1.83
Quick ratio1.76
Cash Ratio0.09
MAGELLANIC CLOUD Dividend FAQ
How much is the next MAGELLANIC CLOUD dividend?
MAGELLANIC CLOUD's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next MAGELLANIC CLOUD dividend. The next MAGELLANIC CLOUD dividend will be released in September.
When is MAGELLANIC CLOUD dividend paid?
MAGELLANIC CLOUD pays dividends on a semi annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does MAGELLANIC CLOUD pay?
The specific amount of MAGELLANIC CLOUD dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find MAGELLANIC CLOUD's dividend history.
Does MAGELLANIC CLOUD stock pay dividends?
Yes, MAGELLANIC CLOUD does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find MAGELLANIC CLOUD's dividend history.
How much dividend does MAGELLANIC CLOUD pay?
MAGELLANIC CLOUD paid ₹0.78 in 2024, ₹0.15 in 2023, ₹0.125 in 2022, ₹0.125 in 2021, and ₹0.125 in 2020.
How often does MAGELLANIC CLOUD pay dividends?
MAGELLANIC CLOUD typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around September.
What is MAGELLANIC CLOUD's dividend yield?
The current dividend yield for MAGELLANIC CLOUD is 0.21%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate MAGELLANIC CLOUD's exact dividend yield.
When does MAGELLANIC CLOUD go ex dividend?
MAGELLANIC CLOUD's ex-dividend date for the latest dividend was on 2024-07-26. MAGELLANIC CLOUD typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next MAGELLANIC CLOUD dividend paid?
MAGELLANIC CLOUD pays dividends on a semi annually basis, typically around September, but the exact dates can vary each year.
Will MAGELLANIC CLOUD increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether MAGELLANIC CLOUD will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is MAGELLANIC CLOUD dividend per share?
MAGELLANIC CLOUD paid ₹0.78 per share in 2024 and ₹0.15 per share in 2023. The amount of dividend per share that MAGELLANIC CLOUD pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is MAGELLANIC CLOUD a dividend aristocrat?
No, 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 MAGELLANIC CLOUD a dividend king?
No, 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 MAGELLANIC CLOUD a dividend stock?
Yes, MAGELLANIC CLOUD is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is MAGELLANIC CLOUD a good dividend stock?
Whether MAGELLANIC CLOUD is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. MAGELLANIC CLOUD has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating MAGELLANIC CLOUD 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.
Does MAGELLANIC CLOUD pay dividends monthly?
MAGELLANIC CLOUD typically pays dividends on a semi annually basis.
Does MAGELLANIC CLOUD pay dividends quarterly?
MAGELLANIC CLOUD currently pays dividends on a semi annually basis.
Has MAGELLANIC CLOUD ever paid a dividend?
Yes, MAGELLANIC CLOUD has a history of paying dividends to its shareholders. MAGELLANIC CLOUD is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy MAGELLANIC CLOUD dividend stocks?
To buy MAGELLANIC CLOUD 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy MAGELLANIC CLOUD 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.
When does MAGELLANIC CLOUD pay dividends 2024?
MAGELLANIC CLOUD pays dividends on a semi annually basis. 2024 dividend payments are in 2024-08-14. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will MAGELLANIC CLOUD increase its dividend in 2024?
Decisions regarding MAGELLANIC CLOUD dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date MAGELLANIC CLOUD dividend overview you can look into the above table of dividend history.
How MAGELLANIC CLOUD dividend works?
The MAGELLANIC CLOUD dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how MAGELLANIC CLOUD's dividend process works:
1. Determination of Dividend: MAGELLANIC CLOUD'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, MAGELLANIC CLOUD 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, MAGELLANIC CLOUD 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 MAGELLANIC CLOUD 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.
How are MAGELLANIC CLOUD dividends paid?
MAGELLANIC CLOUD dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: MAGELLANIC CLOUD 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, MAGELLANIC CLOUD distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MAGELLANIC CLOUD 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.
How many times does MAGELLANIC CLOUD pay dividends?
MAGELLANIC CLOUD typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does MAGELLANIC CLOUD pay dividends?
The general pattern is that MAGELLANIC CLOUD pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is MAGELLANIC CLOUD dividend safe?
The safety of MAGELLANIC CLOUD's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of MAGELLANIC CLOUD'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 MAGELLANIC CLOUD'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.