Majestic Auto Ltd. engages in provision of office space on lease and facility management services. It also provides leasing and maintenance services. The firm operates through the Real Estate and Management Services segment. The company was founded on April 23, 1973 and is headquartered in Noida, India.
Majestic Auto Dividend Announcement
• Majestic Auto announced a annually dividend of ₹15.00 per ordinary share which will be made payable on . Ex dividend date: 2024-02-20
• Majestic Auto annual dividend for 2024 was ₹15.00
• Majestic Auto annual dividend for 2023 was ₹7.50
• Majestic Auto's trailing twelve-month (TTM) dividend yield is 3.62%
Majestic Auto Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-02-20 | ₹15.00 | annually | |
| 2023-02-24 | ₹7.50 | annually | 2023-03-25 |
| 2021-11-18 | ₹7.50 | annually | 2021-12-29 |
| 2005-09-14 | ₹0.50 | annually |
Majestic Auto Dividend per year
Majestic Auto Dividend Yield
Majestic Auto current trailing twelve-month (TTM) dividend yield is 3.62%. Interested in purchasing Majestic Auto stock? Use our calculator to estimate your expected dividend yield:
Majestic Auto Financial Ratios
P/E ratio17.74
PEG ratio-82.66
P/B ratio0.67
ROE4.05%
Payout ratio0.00%
Current ratio5.60
Quick ratio5.59
Cash Ratio0.02
Majestic Auto Dividend FAQ
Does Majestic Auto stock pay dividends?
Majestic Auto does not currently pay dividends to its shareholders.
Has Majestic Auto ever paid a dividend?
No, Majestic Auto has no a history of paying dividends to its shareholders. Majestic Auto is not known for its dividend payments.
Why doesn't Majestic Auto pay dividends?
There are several potential reasons why Majestic Auto would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Majestic Auto ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Majestic Auto has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Majestic Auto a dividend aristocrat?
Majestic Auto is not considered a Dividend Aristocrat. 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 Majestic Auto a dividend king?
Majestic Auto is not classified as a "Dividend King". 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 Majestic Auto a dividend stock?
No, Majestic Auto is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Majestic Auto stocks?
To buy Majestic Auto 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Majestic Auto 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.
Place an order: Use the brokerage's trading platform to place an order to buy Majestic Auto 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.