Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India. The company provides special steels, including high strength special steel, austenitic steel, armour steel, maraging steel, and precipitation hardening martensitic stainless steel for aero and defense applications; and nickel base, iron base, and cobalt base super alloys used in aeronautics, space, nuclear, chemical, petrochemical, power generation, and furnace industries. It also offers titanium and titanium alloys, soft magnetic, controlled expansion alloys, heat resistance alloys, special purpose alloys, refractory metals, and other alloys; bars, bright bars, and wire/fine wire; and hot and cold rolled sheets, and strip, as well as open die forging products. The company offers special weld consumables, fasteners, biomedical implants, and armour products. Mishra Dhatu Nigam Limited was founded in 1973 and is based in Hyderabad, India.
Mishra Dhatu Nigam Dividend Announcement
• Mishra Dhatu Nigam announced a semi annually dividend of ₹1.41 per ordinary share which will be made payable on 2024-04-13. Ex dividend date: 2024-03-22
• Mishra Dhatu Nigam annual dividend for 2024 was ₹1.41
• Mishra Dhatu Nigam annual dividend for 2023 was ₹3.35
• Mishra Dhatu Nigam's trailing twelve-month (TTM) dividend yield is 0.36%
• Mishra Dhatu Nigam's dividend growth over the last five years (2018-2023) was 9.79% year
Mishra Dhatu Nigam Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-22 | ₹1.41 | semi annually | 2024-04-13 |
2023-09-22 | ₹1.67 | semi annually | 2023-10-29 |
2023-03-23 | ₹1.68 | semi annually | 2023-04-14 |
2022-09-21 | ₹1.54 | semi annually | 2022-10-29 |
2022-03-22 | ₹1.56 | semi annually | 2022-04-13 |
2021-09-21 | ₹1.58 | semi annually | 2021-10-20 |
2021-03-22 | ₹1.20 | semi annually | 2021-03-30 |
2020-09-21 | ₹1.56 | semi annually | 2020-10-29 |
2020-03-12 | ₹1.00 | semi annually | 2020-04-02 |
2019-09-17 | ₹0.51 | semi annually | 2019-10-25 |
2019-03-25 | ₹1.68 | semi annually | 2019-04-15 |
2018-09-19 | ₹2.10 | semi annually | 2018-10-28 |
Mishra Dhatu Nigam Dividend per year
Mishra Dhatu Nigam Dividend growth
Mishra Dhatu Nigam Dividend Yield
Mishra Dhatu Nigam current trailing twelve-month (TTM) dividend yield is 0.36%. Interested in purchasing Mishra Dhatu Nigam stock? Use our calculator to estimate your expected dividend yield:
Mishra Dhatu Nigam Financial Ratios
Mishra Dhatu Nigam Dividend FAQ
Other factors to consider when evaluating Mishra Dhatu Nigam 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: Mishra Dhatu Nigam'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, Mishra Dhatu Nigam 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, Mishra Dhatu Nigam 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 Mishra Dhatu Nigam 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: Mishra Dhatu Nigam 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, Mishra Dhatu Nigam distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Mishra Dhatu Nigam 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 Mishra Dhatu Nigam'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 Mishra Dhatu Nigam'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.