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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2016-08-11 | ₹1.00 | annually | 2016-09-22 |
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
Mohit Industries Dividend FAQ
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.
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