Mahindra Holidays & Resorts India Limited operates in the leisure and hospitality sector. It engages in the sale of vacation ownership and other related services. The company's flagship brand is Club Mahindra or CMH25, which entitles its members to a week's holiday every year for 25 years. It also provides Club Mahindra Fundays, a corporate product that allows enrolled organizations to offer holiday entitlements to its employees either as a part of their reward and recognition programs or as an employment prerequisite; Bliss, a points-based product targeted at the 50-plus age group, which offers a week's holiday every year for 10 years; and GoZest, which is a three-year points-based product aimed at millennial travelers in the less than 30 years age-group. The company operates a network of resorts across various destinations, including hill stations, beaches, backwaters, wildlife sanctuaries, forts, and heritage destinations in India, as well as in international destinations, such as Bangkok, Pattaya, Phuket, Kuala Lumpur, Singapore, Dubai, Colombo, and Bhutan. As of March 31, 2022, it operated 4,568 room units across its 84 resorts. The company was incorporated in 1996 and is based in Mumbai, India. Mahindra Holidays & Resorts India Limited is a subsidiary of Mahindra & Mahindra Limited.
Mahindra Holidays & Resorts India Dividend Announcement
• Mahindra Holidays & Resorts India announced a annually dividend of ₹4.00 per ordinary share which will be made payable on 2018-09-01. Ex dividend date: 2018-07-25
• Mahindra Holidays & Resorts India's trailing twelve-month (TTM) dividend yield is -%
Mahindra Holidays & Resorts India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2018-07-25 | ₹4.00 | annually | 2018-09-01 |
2017-06-05 | ₹5.00 | annually | 2017-09-01 |
2016-07-21 | ₹5.00 | annually | |
2015-07-16 | ₹4.00 | annually | |
2014-08-13 | ₹4.00 | annually | 2014-09-04 |
2013-07-11 | ₹4.00 | annually | 2013-08-08 |
2012-07-12 | ₹4.00 | annually | 2012-08-03 |
2011-07-14 | ₹4.00 | annually | 2011-08-05 |
2010-07-15 | ₹4.00 | annually | 2010-08-25 |
Mahindra Holidays & Resorts India Dividend per year
Mahindra Holidays & Resorts India Dividend growth
Mahindra Holidays & Resorts India Dividend Yield
Mahindra Holidays & Resorts India current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Mahindra Holidays & Resorts India stock? Use our calculator to estimate your expected dividend yield:
Mahindra Holidays & Resorts India Financial Ratios
Mahindra Holidays & Resorts India Dividend FAQ
Other factors to consider when evaluating Mahindra Holidays & Resorts India 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: Mahindra Holidays & Resorts India'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, Mahindra Holidays & Resorts India 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, Mahindra Holidays & Resorts India 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 Mahindra Holidays & Resorts India 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: Mahindra Holidays & Resorts India 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, Mahindra Holidays & Resorts India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Mahindra Holidays & Resorts India 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 Mahindra Holidays & Resorts India'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 Mahindra Holidays & Resorts India'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.