Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company provides commercial components, including bogie suspension brackets, conventional suspension/engine/steering/cab mounting brackets, rear and forward differential carriers, flanged and plain half products, wheel hubs, bearing caps, brake drums, and brake disc rotors; and tractor/farm components, such as hydraulic lift covers, and front engine support, as well as axle, four-wheel drive front axle, transmission clutch, and center/differential housing products. It also offers off highway/army components that include transmission and differential cases, converter and axle housing, and planetary carriers; railway products comprising brake discs and base plates for ballastless track systems; SUV/car components consisting of case bodies and caps, and drive heads; and powertrain components that include gearbox and flywheel housing, and exhaust manifold products. The company serves automotive, tractor, construction, mining, railways, and general engineering sectors. Nelcast Limited was incorporated in 1982 and is based in Chennai, India.
Nelcast Dividend Announcement
• Nelcast announced a annually dividend of ₹0.40 per ordinary share which will be made payable on 2024-08-24. Ex dividend date: 2024-07-18
• Nelcast annual dividend for 2024 was ₹0.40
• Nelcast annual dividend for 2023 was ₹0.40
• Nelcast's trailing twelve-month (TTM) dividend yield is 0.34%
Nelcast Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-18 | ₹0.40 | annually | 2024-08-24 |
2023-07-28 | ₹0.40 | annually | 2023-09-03 |
2022-07-26 | ₹0.30 | annually | 2022-09-02 |
2021-07-30 | ₹0.20 | annually | 2021-09-08 |
2019-07-25 | ₹1.00 | annually | 2019-08-31 |
2018-08-07 | ₹1.00 | annually | 2018-09-12 |
2018-08-06 | ₹1.00 | annually | |
2017-07-27 | ₹0.90 | annually | 2017-09-02 |
2016-07-28 | ₹0.40 | annually | |
2016-03-22 | ₹0.40 | annually | 2016-04-14 |
2015-07-30 | ₹0.70 | annually | 2015-09-05 |
2014-07-30 | ₹0.70 | annually | 2014-09-05 |
2013-07-18 | ₹0.50 | annually | 2013-08-31 |
2012-07-19 | ₹0.80 | annually | 2012-08-29 |
Nelcast Dividend per year
Nelcast Dividend growth
Nelcast Dividend Yield
Nelcast current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing Nelcast stock? Use our calculator to estimate your expected dividend yield:
Nelcast Financial Ratios
Nelcast Dividend FAQ
Other factors to consider when evaluating Nelcast 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: Nelcast'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, Nelcast 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, Nelcast 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 Nelcast 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: Nelcast 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, Nelcast distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nelcast 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 Nelcast'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 Nelcast'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.