Minda Corporation Limited manufactures and sells automobile components and parts. It offers electronic and mechanical security systems, including ignition switch cum steering locks, smart key systems, mechatronic handles, and immobilizers systems; die casting components, such as aluminum high pressure die casting and compressor housing products; and starter motors and alternators. The company also provides information and connected systems comprising instrument clusters; wiring harnesses, steering roll connectors, and junction boxes; and positional, temperature, and speed and exhaust gas temperature sensors. In addition, it offers plastics and interiors, including air vents, glove boxes, centre consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, and battery trays; aftermarket products, such as filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables; and products related to electric vehicles, connected systems, antenna, and surface mounting technology. The company offers its products for two and three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. It operates in India, the rest of Asia, Europe, North America, and South America. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India. Minda Corporation Limited is a subsidiary of Spark Minda, Ashok Minda Group.
Minda Dividend Announcement
• Minda announced a semi annually dividend of ₹0.90 per ordinary share which will be made payable on 2024-09-12. Ex dividend date: 2024-08-07
• Minda annual dividend for 2024 was ₹1.40
• Minda annual dividend for 2023 was ₹1.20
• Minda's trailing twelve-month (TTM) dividend yield is 0.29%
• Minda's dividend growth over the last five years (2018-2023) was 14.87% year
• Minda's dividend growth over the last ten years (2013-2023) was 11.61% year
Minda Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-07 | ₹0.90 | semi annually | 2024-09-12 |
| 2024-02-14 | ₹0.50 | semi annually | |
| 2023-07-21 | ₹0.80 | semi annually | 2023-08-26 |
| 2023-02-17 | ₹0.40 | semi annually | 2023-03-09 |
| 2022-07-21 | ₹0.70 | semi annually | 2022-08-25 |
| 2022-02-15 | ₹0.30 | semi annually | 2022-03-04 |
| 2021-07-01 | ₹0.35 | semi annually | 2021-08-08 |
| 2021-02-15 | ₹0.30 | semi annually | 2021-03-04 |
| 2020-02-17 | ₹0.35 | semi annually | 2020-03-06 |
| 2019-09-19 | ₹0.45 | semi annually | 2019-10-26 |
| 2019-02-21 | ₹0.25 | semi annually | 2019-03-07 |
| 2018-07-19 | ₹0.35 | semi annually | 2018-08-28 |
| 2018-02-22 | ₹0.25 | semi annually | 2018-03-09 |
| 2017-08-10 | ₹0.30 | semi annually | 2017-09-15 |
| 2017-03-01 | ₹0.20 | semi annually | 2017-03-07 |
| 2016-09-14 | ₹0.30 | semi annually | 2016-10-22 |
| 2016-02-23 | ₹0.20 | semi annually | 2016-03-03 |
| 2015-09-02 | ₹0.20 | semi annually | 2015-09-15 |
| 2015-02-27 | ₹0.20 | semi annually | 2015-03-15 |
| 2014-09-03 | ₹0.40 | semi annually | 2014-10-10 |
| 2013-09-16 | ₹0.40 | semi annually | 2013-10-24 |
Minda Dividend per year
Minda Dividend growth
Minda Dividend Yield
Minda current trailing twelve-month (TTM) dividend yield is 0.29%. Interested in purchasing Minda stock? Use our calculator to estimate your expected dividend yield:
Minda Financial Ratios
P/E ratio43.78
PEG ratio0.44
P/B ratio5.45
ROE13.19%
Payout ratio0.00%
Current ratio1.70
Quick ratio1.26
Cash Ratio0.10
Minda Dividend FAQ
How much is the next Minda dividend?
Minda's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Minda dividend. The next Minda dividend will be released in February, or July.
When is Minda dividend paid?
Minda pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and July. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Minda pay?
The specific amount of Minda dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Minda's dividend history.
Does Minda stock pay dividends?
Yes, Minda does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Minda's dividend history.
How much dividend does Minda pay?
Minda paid ₹1.4 in 2024, ₹1.2 in 2023, ₹1.0 in 2022, ₹0.65 in 2021, and ₹0.35 in 2020.
How often does Minda pay dividends?
Minda typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and July.
What is Minda's dividend yield?
The current dividend yield for Minda is 0.29%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Minda's exact dividend yield.
When does Minda go ex dividend?
Minda's ex-dividend date for the latest dividend was on 2024-08-07. Minda typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Minda dividend paid?
Minda pays dividends on a semi annually basis, typically around February, or July, but the exact dates can vary each year.
Will Minda increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Minda will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Minda dividend per share?
Minda paid ₹1.4 per share in 2024 and ₹1.2 per share in 2023. The amount of dividend per share that Minda pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Minda a dividend aristocrat?
No, 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 Minda a dividend king?
No, 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 Minda a dividend stock?
Yes, Minda is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Minda a good dividend stock?
Whether Minda is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Minda has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Minda 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.
Other factors to consider when evaluating Minda 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.
Does Minda pay dividends monthly?
Minda typically pays dividends on a semi annually basis.
Does Minda pay dividends quarterly?
Minda currently pays dividends on a semi annually basis.
Has Minda ever paid a dividend?
Yes, Minda has a history of paying dividends to its shareholders. Minda is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Minda dividend stocks?
To buy Minda 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Minda 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 Minda 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.
When does Minda pay dividends 2024?
Minda pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-12. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Minda increase its dividend in 2024?
Decisions regarding Minda dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Minda dividend overview you can look into the above table of dividend history.
How Minda dividend works?
The Minda dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Minda's dividend process works:
1. Determination of Dividend: Minda'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, Minda 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, Minda 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 Minda 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. Determination of Dividend: Minda'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, Minda 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, Minda 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 Minda 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.
How are Minda dividends paid?
Minda dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Minda 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, Minda distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Minda 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.
1. Record Date: Minda 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, Minda distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Minda 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.
How many times does Minda pay dividends?
Minda typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Minda pay dividends?
The general pattern is that Minda pays dividends around February, and July. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Minda dividend safe?
The safety of Minda's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Minda'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 Minda'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.
To assess the safety of Minda'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 Minda'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.