Monarch Networth Capital Limited, together with its subsidiaries, provides financial services to corporate, institutional, and retail clients in India. The company operates through three segments: Broking & other Finance Market Services, Non Banking Finance Business, and Insurance Business. Its products and services include trading of equity and derivatives, commodities, currency derivatives, initial public offering, and mutual funds; bonds and FDs; life and general insurance; and depository services. The company also offers merchant banking services comprising capital/fund raising and financial advisory services, including services for initial public offer/follow-on public offer/offer for sale/rights issue/takeover/ buyback, etc. on main board and SME platform of BSE/NSE; and private equity/venture capital funding/angel investing/QIBs, as well as equity raising through private placement. It operates through a network of 65 branches, as well as 521 business associates in India with presence in 159 cities and 19 states. The company was formerly known as Networth Stock Broking Limited and changed its name to Monarch Networth Capital Limited in December 2015. Monarch Networth Capital Limited was incorporated in 1993 and is based in Ahmedabad, India.
Monarch Networth Capital Dividend Announcement
• Monarch Networth Capital announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-08-02
• Monarch Networth Capital annual dividend for 2024 was ₹1.00
• Monarch Networth Capital annual dividend for 2023 was ₹1.00
• Monarch Networth Capital's trailing twelve-month (TTM) dividend yield is 0.13%
Monarch Networth Capital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-02 | ₹1.00 | annually | 2024-10-20 |
2023-09-15 | ₹1.00 | annually | 2023-10-22 |
2022-09-14 | ₹1.00 | annually | 2022-10-23 |
Monarch Networth Capital Dividend per year
Monarch Networth Capital Dividend growth
Monarch Networth Capital Dividend Yield
Monarch Networth Capital current trailing twelve-month (TTM) dividend yield is 0.13%. Interested in purchasing Monarch Networth Capital stock? Use our calculator to estimate your expected dividend yield:
Monarch Networth Capital Financial Ratios
Monarch Networth Capital Dividend FAQ
Other factors to consider when evaluating Monarch Networth Capital 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: Monarch Networth Capital'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, Monarch Networth Capital 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, Monarch Networth Capital 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 Monarch Networth Capital 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: Monarch Networth Capital 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, Monarch Networth Capital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Monarch Networth Capital 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 Monarch Networth Capital'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 Monarch Networth Capital'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.