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Mohit Industries Limited manufactures and sells texturized yarn from partially oriented yarn and weaving of yarn to grey cloth in India. The company offers textile products, such as yarns and grey. It also exports its products to South Korea, Thailand, the Czech Republic, Guatemala, Bulgaria, Indonesia, Japan, Vietnam, Malaysia, Mexico, Colombia, the United Kingdom, Sweden, Ethiopia, Bangladesh, and internationally. The company was formerly known as Mohit Fibres Limited and changed its name to Mohit Industries Limited in 1997. Mohit Industries Limited was incorporated in 1991 and is headquartered in Surat, India.

Mohit Industries Dividend Announcement

Mohit Industries announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2016-09-22. Ex dividend date: 2016-08-11
Mohit Industries's trailing twelve-month (TTM) dividend yield is -%

Mohit Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2016-08-11₹1.00annually2016-09-22

Mohit Industries Dividend per year

Mohit Industries Dividend Yield

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

Mohit Industries Financial Ratios

P/E ratio-24.13
PEG ratio1.25
P/B ratio0.15
ROE-0.67%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Mohit Industries Dividend FAQ

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