Munjal Auto Industries Limited manufactures and sells various parts and accessories for motor vehicles in India. It operates through Auto Components and Composite Products & Molds segments. The company offers exhaust systems, spoke wheel rims, and steel wheel rims for two-three wheelers, three-wheelers, and passenger cars; and fuel tank assemblies, seat structure systems, and other products for four-wheelers. It also provides sheet metal and tubular welded components. The company serves automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. The company was incorporated in 1985 and is based in Gurugram, India. Munjal Auto Industries Limited is a subsidiary of Thakurdevi Investments Private Limited.
Munjal Auto Industries Dividend Announcement
• Munjal Auto Industries announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-09-19
• Munjal Auto Industries annual dividend for 2024 was ₹2.00
• Munjal Auto Industries annual dividend for 2023 was ₹2.00
• Munjal Auto Industries's trailing twelve-month (TTM) dividend yield is 1.53%
Munjal Auto Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | ₹2.00 | annually | 2024-10-25 |
2023-08-25 | ₹2.00 | annually | 2023-10-01 |
2022-09-08 | ₹1.00 | annually | 2022-10-15 |
2019-08-22 | ₹1.00 | annually | 2019-09-30 |
2018-08-14 | ₹1.20 | annually | 2018-09-24 |
2017-06-22 | ₹2.00 | annually | 2017-07-30 |
2016-03-17 | ₹1.40 | annually | 2016-09-26 |
2015-08-13 | ₹2.50 | annually | 2015-09-21 |
2014-07-31 | ₹2.50 | annually | 2014-09-07 |
2013-08-01 | ₹2.00 | annually | |
2012-09-13 | ₹2.00 | annually | 2012-10-22 |
2011-09-14 | ₹7.50 | annually | 2011-10-24 |
Munjal Auto Industries Dividend per year
Munjal Auto Industries Dividend growth
Munjal Auto Industries Dividend Yield
Munjal Auto Industries current trailing twelve-month (TTM) dividend yield is 1.53%. Interested in purchasing Munjal Auto Industries stock? Use our calculator to estimate your expected dividend yield:
Munjal Auto Industries Financial Ratios
Munjal Auto Industries Dividend FAQ
Other factors to consider when evaluating Munjal Auto Industries 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: Munjal Auto Industries'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, Munjal Auto Industries 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, Munjal Auto Industries 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 Munjal Auto Industries 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: Munjal Auto Industries 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, Munjal Auto Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Munjal Auto Industries 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 Munjal Auto Industries'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 Munjal Auto Industries'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.