Nahar Spinning Mills Limited manufactures and sells yarns and knitted garments in India. It offers raw white combed, raw white carded/open end, dyed, organic cotton, fair trade cotton, better cotton initiative, melange, gassed/mercerized, compact spun, blended, synthetic/man-made fiber, and cleaner yarns, as well as grindle, space-dyed, slub, core spun, high twist, reverse twist, and elitwist yarns. The company also provides woolen/cotton hosiery knitwears and woolen textiles; and T-shirts. It exports its products primarily to the United States, the United Kingdom, France, Brazil, Bangladesh, Mauritius, Honduras, Argentina, Colombia, Peru, Chile, the Netherlands, Japan, Canada, Korea, Taiwan, Hong Kong, Singapore, Egypt, and Russia. The company was incorporated in 1980 and is based in Ludhiana, India.
Nahar Spinning Mills Dividend Announcement
• Nahar Spinning Mills announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-09-06
• Nahar Spinning Mills annual dividend for 2024 was ₹1.00
• Nahar Spinning Mills annual dividend for 2023 was ₹1.50
• Nahar Spinning Mills's trailing twelve-month (TTM) dividend yield is 0.42%
Nahar Spinning Mills Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | ₹1.00 | annually | 2024-10-25 |
2023-09-08 | ₹1.50 | annually | 2023-10-25 |
2022-08-11 | ₹2.00 | annually | 2022-09-23 |
2021-11-16 | ₹1.50 | annually | 2021-12-09 |
2021-09-16 | ₹1.50 | annually | 2021-10-10 |
2019-09-12 | ₹1.00 | annually | 2019-10-30 |
2018-09-10 | ₹0.50 | annually | 2018-10-28 |
2017-08-31 | ₹1.50 | annually | 2017-10-26 |
2016-09-08 | ₹1.50 | annually | 2016-10-30 |
2015-09-10 | ₹1.00 | annually | 2015-10-30 |
2014-09-11 | ₹1.00 | annually | 2014-10-30 |
2013-09-19 | ₹1.00 | annually | 2013-10-30 |
2011-09-08 | ₹2.00 | annually | 2011-10-20 |
Nahar Spinning Mills Dividend per year
Nahar Spinning Mills Dividend growth
Nahar Spinning Mills Dividend Yield
Nahar Spinning Mills current trailing twelve-month (TTM) dividend yield is 0.42%. Interested in purchasing Nahar Spinning Mills stock? Use our calculator to estimate your expected dividend yield:
Nahar Spinning Mills Financial Ratios
Nahar Spinning Mills Dividend FAQ
Other factors to consider when evaluating Nahar Spinning Mills 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: Nahar Spinning Mills'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, Nahar Spinning Mills 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, Nahar Spinning Mills 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 Nahar Spinning Mills 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: Nahar Spinning Mills 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, Nahar Spinning Mills distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nahar Spinning Mills 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 Nahar Spinning Mills'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 Nahar Spinning Mills'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.