Nava Limited engages in the ferro alloys, power, mining, and healthcare businesses in India, Zambia, Hong Kong, Japan, and internationally. It generates and sells power using coal, biomass, biogas, and bagasse. The company operates 150 MW and 114 MW power plants in Paloncha, Telangana; 150 MW power plant in Kharagprasad, Odisha; 20 MW biomass power plant in Dharmavaram, Andhra Pradesh; and 300 MW thermal power plant in Zambia. It also mines coal at Maamba in Southern province of Zambia, as well as provides operation and maintenance services for power plants. In addition, the company various alloy metals, such as ferro chrome, silico manganese, ferro silicon, and chromium alloys that are used in automotive, railways, and construction industries, as well as in the manufacture of stainless-steel consumer goods. Further, it operates a medical clinic for the management of iron deficiency and the administration of intravenous iron in Singapore. Additionally, the company manages The Iron Suites Medical Center and corporate healthcare programmes; organizes medical congresses and awareness programmes; and in-licenses pharmaceutical products. The company was formerly known as Nava Bharat Ventures Limited and changed its name to Nava Limited in July 2022. Nava Limited was incorporated in 1972 and is based in Hyderabad, India.
Nava Dividend Announcement
• Nava announced a semi annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-09-07. Ex dividend date: 2024-08-30
• Nava annual dividend for 2024 was ₹8.00
• Nava annual dividend for 2023 was ₹6.00
• Nava's trailing twelve-month (TTM) dividend yield is 0.81%
• Nava's dividend growth over the last five years (2018-2023) was 31.95% year
• Nava's dividend growth over the last ten years (2013-2023) was 1.84% year
Nava Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | ₹4.00 | semi annually | 2024-09-07 |
2024-08-01 | ₹4.00 | semi annually | 2024-09-07 |
2023-07-24 | ₹6.00 | semi annually | 2023-09-03 |
2022-08-01 | ₹6.00 | semi annually | 2022-09-09 |
2021-08-18 | ₹2.50 | semi annually | 2021-09-26 |
2020-03-09 | ₹1.50 | semi annually | 2020-04-01 |
2019-08-01 | ₹1.50 | semi annually | 2019-09-07 |
2018-07-30 | ₹1.50 | semi annually | 2018-09-05 |
2017-08-02 | ₹1.00 | semi annually | 2017-09-08 |
2016-07-25 | ₹3.00 | semi annually | |
2015-08-20 | ₹5.00 | semi annually | |
2014-07-30 | ₹5.00 | semi annually | |
2013-08-06 | ₹5.00 | semi annually |
Nava Dividend per year
Nava Dividend growth
Nava Dividend Yield
Nava current trailing twelve-month (TTM) dividend yield is 0.81%. Interested in purchasing Nava stock? Use our calculator to estimate your expected dividend yield:
Nava Financial Ratios
Nava Dividend FAQ
Other factors to consider when evaluating Nava 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: Nava'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, Nava 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, Nava 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 Nava 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: Nava 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, Nava distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nava 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 Nava'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 Nava'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.