Modern Shares & Stockbrokers Ltd. provides share broking and other financial related services. It operates through the Broking Services, and Propriety Trading segments. Its services include retail broking, mutual fund distribution and equity research. The company was founded on July 1, 1939 and is headquartered in Mumbai, India.
Modern Shares & Stockbrokers Dividend Announcement
• Modern Shares & Stockbrokers announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2018-09-01. Ex dividend date: 2018-07-24
• Modern Shares & Stockbrokers's trailing twelve-month (TTM) dividend yield is -%
Modern Shares & Stockbrokers Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2018-07-24 | ₹0.50 | annually | 2018-09-01 |
| 2017-07-19 | ₹0.50 | annually | 2017-08-27 |
Modern Shares & Stockbrokers Dividend per year
Modern Shares & Stockbrokers Dividend Yield
Modern Shares & Stockbrokers current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Modern Shares & Stockbrokers stock? Use our calculator to estimate your expected dividend yield:
Modern Shares & Stockbrokers Financial Ratios
P/E ratio31.25
PEG ratio-7.56
P/B ratio1.04
ROE3.36%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Modern Shares & Stockbrokers Dividend FAQ
Does Modern Shares & Stockbrokers stock pay dividends?
Modern Shares & Stockbrokers does not currently pay dividends to its shareholders.
Has Modern Shares & Stockbrokers ever paid a dividend?
No, Modern Shares & Stockbrokers has no a history of paying dividends to its shareholders. Modern Shares & Stockbrokers is not known for its dividend payments.
Why doesn't Modern Shares & Stockbrokers pay dividends?
There are several potential reasons why Modern Shares & Stockbrokers 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.
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 Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers a dividend aristocrat?
Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers a dividend king?
Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers a dividend stock?
No, Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers stocks?
To buy Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers 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 Modern Shares & Stockbrokers 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.