Manali Petrochemicals Limited manufactures and sells petrochemical products primarily in India and internationally. It offers propylene oxide, an input material for the propylene glycol, polyether polyol, and related products; and flexible slabstock, flexible cold cure, rigid, and elastomer grade polyols used for various applications in automobile, refrigeration and temperature control, adhesive, sealant, coating, furniture, and textile industries. The company also provides propylene glycol for use in pharmaceuticals, food, flavor, and fragrance industries; and polyester resins, carbonless paper, and automobile consumables, such as brake fluids and anti-freeze liquids. In addition, it offers propylene glycol mono methyl ether, a solvent used in paints and coatings, and electronics industries. Further, the company provides neuthane polyurethane cast elastomers for use in anti-roll bars, limit or bump stops, material handling applications, rollers, harvester components, and idler wheels on track laying tractors, as well as suspensions and shock bushes in buses, trucks, and other high performance vehicles. Additionally, it is involved in the trading, transaction facilitation, and business and project consultancy businesses. Manali Petrochemicals Limited was incorporated in 1986 and is based in Chennai, India.
Manali Petrochemicals Dividend Announcement
• Manali Petrochemicals announced a annually dividend of ₹0.75 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-09-10
• Manali Petrochemicals annual dividend for 2024 was ₹0.75
• Manali Petrochemicals annual dividend for 2023 was ₹0.75
• Manali Petrochemicals's trailing twelve-month (TTM) dividend yield is 1.13%
• Manali Petrochemicals's dividend growth over the last five years (2018-2023) was 8.45% year
• Manali Petrochemicals's dividend growth over the last ten years (2013-2023) was 4.14% year
Manali Petrochemicals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-10 | ₹0.75 | annually | 2024-10-18 |
2023-09-15 | ₹0.75 | annually | 2023-10-25 |
2022-09-15 | ₹2.50 | annually | 2022-10-28 |
2021-09-02 | ₹1.50 | annually | 2021-10-25 |
2020-09-03 | ₹0.75 | annually | 2020-10-12 |
2019-07-30 | ₹0.75 | annually | 2019-09-04 |
2018-07-27 | ₹0.50 | annually | 2018-08-31 |
2017-07-06 | ₹0.50 | annually | 2017-08-18 |
2016-09-08 | ₹0.50 | annually | 2016-10-21 |
2015-09-10 | ₹0.50 | annually | 2015-10-23 |
2014-07-31 | ₹0.50 | annually | 2014-09-05 |
2013-07-18 | ₹0.50 | annually | 2013-08-23 |
Manali Petrochemicals Dividend per year
Manali Petrochemicals Dividend growth
Manali Petrochemicals Dividend Yield
Manali Petrochemicals current trailing twelve-month (TTM) dividend yield is 1.13%. Interested in purchasing Manali Petrochemicals stock? Use our calculator to estimate your expected dividend yield:
Manali Petrochemicals Financial Ratios
Manali Petrochemicals Dividend FAQ
Other factors to consider when evaluating Manali Petrochemicals 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: Manali Petrochemicals'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, Manali Petrochemicals 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, Manali Petrochemicals 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 Manali Petrochemicals 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: Manali Petrochemicals 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, Manali Petrochemicals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Manali Petrochemicals 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 Manali Petrochemicals'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 Manali Petrochemicals'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.