Modern Steels Ltd. engages in the manufacturing of steel rolled products. Its products include alloy and non-alloy bars and rounds. The company was founded by Amarjit Goyal on November 19, 1973 and is headquartered in Chandigarh, India.
Modern Steels Dividend Announcement
• Modern Steels announced a annually dividend of ₹2.00 per ordinary share which will be made payable on . Ex dividend date: 2007-08-22
• Modern Steels's trailing twelve-month (TTM) dividend yield is -%
Modern Steels Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2007-08-22 | ₹2.00 | annually | |
| 2006-06-14 | ₹2.00 | annually | |
| 2005-06-21 | ₹2.00 | annually |
Modern Steels Dividend per year
Modern Steels Dividend growth
Modern Steels Dividend Yield
Modern Steels current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Modern Steels stock? Use our calculator to estimate your expected dividend yield:
Modern Steels Financial Ratios
P/E ratio33.06
PEG ratio0.33
P/B ratio2.20
ROE13.77%
Payout ratio0.00%
Current ratio26.58
Quick ratio26.58
Cash Ratio1.88
Modern Steels Dividend FAQ
Does Modern Steels stock pay dividends?
Modern Steels does not currently pay dividends to its shareholders.
Has Modern Steels ever paid a dividend?
No, Modern Steels has no a history of paying dividends to its shareholders. Modern Steels is not known for its dividend payments.
Why doesn't Modern Steels pay dividends?
There are several potential reasons why Modern Steels 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 Steels 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 Steels 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 Steels a dividend aristocrat?
Modern Steels 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 Steels a dividend king?
Modern Steels 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 Steels a dividend stock?
No, Modern Steels 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 Steels stocks?
To buy Modern Steels 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 Steels 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 Steels 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.