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Manaksia Aluminium Company Limited manufactures and sells aluminum products primarily in India. It offers aluminum sheets and coils, aluminum flooring sheets, aluminum pattern sheets, aluminum roofing or building sheets, aluminum closure coils and sheets, aluminum color coated coils, aluminum color coated roofing or building sheets, and aluminum alloy ingots. The company exports its products to approximately 20 countries in Europe, North America, the Middle East, Africa, Latin America, other continents, etc. Manaksia Aluminium Company Limited was incorporated in 2010 and is based in Kolkata, India.

Manaksia Aluminium Dividend Announcement

Manaksia Aluminium announced a annually dividend of ₹0.07 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
Manaksia Aluminium annual dividend for 2024 was ₹0.07
Manaksia Aluminium annual dividend for 2023 was ₹0.05
Manaksia Aluminium's trailing twelve-month (TTM) dividend yield is 0.23%

Manaksia Aluminium Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13₹0.07annually2024-10-20
2023-08-22₹0.05annually2023-09-28

Manaksia Aluminium Dividend per year

Manaksia Aluminium Dividend Yield

Manaksia Aluminium current trailing twelve-month (TTM) dividend yield is 0.23%. Interested in purchasing Manaksia Aluminium stock? Use our calculator to estimate your expected dividend yield:

Manaksia Aluminium Financial Ratios

P/E ratio37.55
PEG ratio-5.58
P/B ratio1.48
ROE4.01%
Payout ratio0.00%
Current ratio1.21
Quick ratio0.47
Cash Ratio0.00

Manaksia Aluminium Dividend FAQ

Does Manaksia Aluminium stock pay dividends?
Manaksia Aluminium does not currently pay dividends to its shareholders.
Has Manaksia Aluminium ever paid a dividend?
No, Manaksia Aluminium has no a history of paying dividends to its shareholders. Manaksia Aluminium is not known for its dividend payments.
Why doesn't Manaksia Aluminium pay dividends?
There are several potential reasons why Manaksia Aluminium 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.
Will Manaksia Aluminium 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 Manaksia Aluminium 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 Manaksia Aluminium a dividend aristocrat?
Manaksia Aluminium 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 Manaksia Aluminium a dividend king?
Manaksia Aluminium 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 Manaksia Aluminium a dividend stock?
No, Manaksia Aluminium 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 Manaksia Aluminium stocks?
To buy Manaksia Aluminium 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 Manaksia Aluminium 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.