Nesco Limited operates exhibition center and IT park in India. It operates through IT Park, Bombay Exhibition Center, Industrial Capital Goods Division, and Nesco Foods segments. The company is also involved in the operation of exhibition center that provides space and related infrastructure for exhibitions, conventions, and conferences, as well as convenes own exhibitions and events. In addition, it manufactures and sells shot blasting, shot peening, and other surface preparation equipment and systems; spares and abrasives for shot blasting, peening, etc.; and offers facility development and management services. Further, it invests in mutual funds, corporate deposits, non-convertible debentures, bonds, and preference shares; and operates non-flight kitchens, restaurants, food courts, and lounge bars, as well as provides food catering services. The company was formerly known as New Standard Engineering Co. Ltd. Nesco Limited was founded in 1939 and is based in Mumbai, India.
Nesco Dividend Announcement
• Nesco announced a annually dividend of ₹6.00 per ordinary share which will be made payable on 2024-08-20. Ex dividend date: 2024-07-26
• Nesco annual dividend for 2024 was ₹6.00
• Nesco annual dividend for 2023 was ₹4.50
• Nesco's trailing twelve-month (TTM) dividend yield is 0.57%
• Nesco's dividend growth over the last five years (2018-2023) was 14.37% year
• Nesco's dividend growth over the last ten years (2013-2023) was 2.54% year
Nesco Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | ₹6.00 | annually | 2024-08-20 |
2023-07-28 | ₹4.50 | annually | 2023-09-03 |
2022-07-28 | ₹3.00 | annually | 2022-09-07 |
2021-08-02 | ₹3.00 | annually | 2021-09-10 |
2020-03-18 | ₹3.00 | annually | 2020-04-10 |
2019-07-26 | ₹2.50 | annually | 2019-09-04 |
2018-07-31 | ₹2.30 | annually | 2018-09-07 |
2017-08-04 | ₹11.00 | annually | 2017-09-13 |
2016-03-28 | ₹8.50 | annually | 2016-09-09 |
2015-07-23 | ₹6.50 | annually | 2015-09-02 |
2014-08-11 | ₹5.00 | annually | 2014-09-19 |
2014-07-28 | ₹5.00 | annually | |
2013-07-26 | ₹3.50 | annually | 2013-09-07 |
Nesco Dividend per year
Nesco Dividend growth
Nesco Dividend Yield
Nesco current trailing twelve-month (TTM) dividend yield is 0.57%. Interested in purchasing Nesco stock? Use our calculator to estimate your expected dividend yield:
Nesco Financial Ratios
Nesco Dividend FAQ
Other factors to consider when evaluating Nesco 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: Nesco'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, Nesco 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, Nesco 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 Nesco 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: Nesco 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, Nesco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nesco 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 Nesco'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 Nesco'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.