Navneet Education Limited publishes state board publication books and stationery products in India, North and Central America, Africa, Europe, and internationally. It operates through three segments: Publication, Stationery, and Others. The Publishing segment consists of supplementary books, such as workbooks, guides, and question banks that are based on the latest prescribed syllabus by state education boards. The Stationery segment offers paper stationery products, such as note, long, and drawing books; and non-paper-based stationery products. The Others segment engages in the generation of power by windmill and solar panels; and trading activities. The company is also involved in the school management business; and offers e-learning products and services. It markets and sells its products under the Navneet, Vikas, Gala, Rise, Grafalco, Youva, TopScorer, Top Class, Top Assessment, Leapbridge, Top Class, and Study Buddy brand names. The company was formerly known as Navneet Publications (India) Limited and changed its name to Navneet Education Limited in August 2013. Navneet Education Limited was founded in 1959 and is headquartered in Mumbai, India.
Navneet Education Dividend Announcement
• Navneet Education announced a semi annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-12-05. Ex dividend date: 2024-11-19
• Navneet Education annual dividend for 2024 was ₹4.10
• Navneet Education annual dividend for 2023 was ₹2.60
• Navneet Education's trailing twelve-month (TTM) dividend yield is 2.75%
• Navneet Education's dividend growth over the last five years (2018-2023) was 11.63% year
• Navneet Education's dividend growth over the last ten years (2013-2023) was 3.75% year
Navneet Education Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-19 | ₹1.50 | semi annually | 2024-12-05 |
2024-08-13 | ₹2.60 | semi annually | 2024-09-19 |
2023-08-07 | ₹2.60 | semi annually | 2023-09-13 |
2022-07-29 | ₹1.50 | semi annually | 2022-09-07 |
2021-09-21 | ₹1.00 | semi annually | 2021-10-29 |
2020-03-19 | ₹0.50 | semi annually | 2020-04-12 |
2019-11-20 | ₹2.50 | semi annually | 2019-12-13 |
2019-07-15 | ₹1.00 | semi annually | 2019-08-23 |
2018-07-13 | ₹1.50 | semi annually | 2018-08-23 |
2017-07-25 | ₹2.50 | semi annually | 2017-08-30 |
2016-03-14 | ₹2.20 | semi annually | 2016-03-21 |
2015-09-21 | ₹2.20 | semi annually | 2015-10-28 |
2014-07-28 | ₹2.00 | semi annually | 2014-10-15 |
2013-07-29 | ₹1.80 | semi annually | 2013-09-05 |
Navneet Education Dividend per year
Navneet Education Dividend growth
Navneet Education Dividend Yield
Navneet Education current trailing twelve-month (TTM) dividend yield is 2.75%. Interested in purchasing Navneet Education stock? Use our calculator to estimate your expected dividend yield:
Navneet Education Financial Ratios
Navneet Education Dividend FAQ
Other factors to consider when evaluating Navneet Education 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: Navneet Education'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, Navneet Education 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, Navneet Education 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 Navneet Education 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: Navneet Education 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, Navneet Education distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Navneet Education 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 Navneet Education'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 Navneet Education'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.