Maharashtra Seamless Limited manufactures and sells seamless steel pipes and tubes in India. It operates in three segments: Steel Pipes & Tubes, Power Electricity, and RIG. The company offers mild steel and galvanized pipes; API line pipes; oil country tubular goods (OCTG) pipes, such as casing tubing and drill pipes, coupling stocks, etc.; and hot finished pipes and tubes, and cold drawn and boiler tubes. It also provides coated pipes, including 3 layer polyethylene coated pipes, fusion bonded epoxy coated pipes, 3 layer polypropylene coated pipes, and internal epoxy coating pipes, as well as connections and pipe fittings. In addition, the company operates a rig, and 5 MW solar power plant in Rajasthan, as well as 7 MW wind power project in Maharashtra. Its products are used in the oil and gas, hydrocarbon process, bearing industry, automotive, boiler, heat exchanger, plumbing and firefighting, structural, general engineering, railways, sewage and water well, and hydraulic cylinder sectors. The company was incorporated in 1988 and is headquartered in New Delhi, India.
Maharashtraamless Dividend Announcement
• Maharashtraamless announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-08-14
• Maharashtraamless annual dividend for 2024 was ₹10.00
• Maharashtraamless annual dividend for 2023 was ₹5.00
• Maharashtraamless's trailing twelve-month (TTM) dividend yield is 1.32%
• Maharashtraamless's dividend growth over the last five years (2018-2023) was -3.58% year
• Maharashtraamless's dividend growth over the last ten years (2013-2023) was -1.81% year
Maharashtraamless Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-14 | ₹10.00 | annually | 2024-09-27 |
2023-08-14 | ₹5.00 | annually | 2023-09-27 |
2022-09-07 | ₹5.00 | annually | 2022-10-21 |
2021-09-14 | ₹3.50 | annually | 2021-10-28 |
2020-09-14 | ₹2.50 | annually | 2020-10-26 |
2019-09-09 | ₹6.00 | annually | 2019-10-24 |
2018-09-17 | ₹6.00 | annually | 2018-10-25 |
2017-09-12 | ₹5.00 | annually | 2017-10-26 |
2016-09-12 | ₹2.50 | annually | 2016-10-27 |
2015-08-14 | ₹5.00 | annually | 2015-10-28 |
2014-08-22 | ₹6.00 | annually | 2014-10-26 |
2013-09-04 | ₹6.00 | annually | 2013-10-30 |
Maharashtraamless Dividend per year
Maharashtraamless Dividend growth
Maharashtraamless Dividend Yield
Maharashtraamless current trailing twelve-month (TTM) dividend yield is 1.32%. Interested in purchasing Maharashtraamless stock? Use our calculator to estimate your expected dividend yield:
Maharashtraamless Financial Ratios
Maharashtraamless Dividend FAQ
Other factors to consider when evaluating Maharashtraamless 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: Maharashtraamless'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, Maharashtraamless 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, Maharashtraamless 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 Maharashtraamless 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: Maharashtraamless 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, Maharashtraamless distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Maharashtraamless 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 Maharashtraamless'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 Maharashtraamless'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.