Table of Contents

company-logo

Marine Electricals (India) Limited manufactures and sells various marine and industrial electrical and electronic components in India and internationally. It offers power generation and distribution, navigation and communication, electrical propulsion, integrated platform management, information technology, engineering and project management, and various system solutions for the marine sector. The company also provides services, including repairs, corrective and preventive maintenance, upgrades, and life extensions and parts on electrical power generation, power distribution, automation and power management systems, navigation and communication systems, and other electrical and electronic systems, as well as designing and fabricating services for electrical and electronic installation. In addition, it undertakes annual maintenance contracts and solar projects. The company was founded in 1978 and is headquartered in Mumbai, India. Marine Electricals (India) Limited is a subsidiary of KDU Enterprises Private Limited.

Marine Electricals Dividend Announcement

• Marine Electricals announced a annually dividend of ₹0.20 per ordinary share which will be made payable on . Ex dividend date: 2024-09-20
• Marine Electricals annual dividend for 2024 was ₹0.20
• Marine Electricals's trailing twelve-month (TTM) dividend yield is 0.07%

Marine Electricals Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-20₹0.20annually
2021-09-20₹0.20annually

Marine Electricals Dividend per year

Marine Electricals Dividend Yield

Marine Electricals current trailing twelve-month (TTM) dividend yield is 0.07%. Interested in purchasing Marine Electricals stock? Use our calculator to estimate your expected dividend yield:

Marine Electricals Financial Ratios

P/E ratio108.49
PEG ratio1.08
P/B ratio10.59
ROE13.40%
Payout ratio0.00%
Current ratio2.02
Quick ratio1.68
Cash Ratio0.08

Marine Electricals Dividend FAQ

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