Newgen Software Technologies Limited, a software company, provides software products and solutions in India, Europe, the Middle East, Africa, the Asia Pacific, and the United States. The company offers enterprise content management software, which manages the end-to-end lifecycle of enterprise content from origination to disposition; business process management software to streamline enterprise-wide workflows with process automation suite; and customer communication management software delivers communications by tapping various cross-sell/up-sell opportunities across touch points, such as email, SMS, web, and print. It serves various industries, which include financial institutions, insurance, healthcare, government, telecom, shared services, business process outsourcing, and other industries. The company was incorporated in 1992 and is based in New Delhi, India.
Newgen Software Technologies Dividend Announcement
• Newgen Software Technologies announced a semi annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-08-24. Ex dividend date: 2024-07-18
• Newgen Software Technologies annual dividend for 2024 was ₹4.00
• Newgen Software Technologies annual dividend for 2023 was ₹15.00
• Newgen Software Technologies's trailing twelve-month (TTM) dividend yield is 0.31%
• Newgen Software Technologies's dividend growth over the last five years (2018-2023) was 49.63% year
Newgen Software Technologies Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-18 | ₹4.00 | semi annually | 2024-08-24 |
2023-06-20 | ₹5.00 | semi annually | 2023-07-25 |
2023-06-19 | ₹10.00 | semi annually | |
2022-06-15 | ₹4.50 | semi annually | 2022-06-17 |
2021-07-15 | ₹3.50 | semi annually | 2021-08-10 |
2020-07-20 | ₹2.00 | semi annually | 2020-08-26 |
2019-08-01 | ₹3.00 | semi annually | 2019-09-06 |
2018-08-01 | ₹2.00 | semi annually | 2018-09-08 |
Newgen Software Technologies Dividend per year
Newgen Software Technologies Dividend growth
Newgen Software Technologies Dividend Yield
Newgen Software Technologies current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing Newgen Software Technologies stock? Use our calculator to estimate your expected dividend yield:
Newgen Software Technologies Financial Ratios
Newgen Software Technologies Dividend FAQ
Other factors to consider when evaluating Newgen Software Technologies 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: Newgen Software Technologies'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, Newgen Software Technologies 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, Newgen Software Technologies 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 Newgen Software Technologies 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: Newgen Software Technologies 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, Newgen Software Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Newgen Software Technologies 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 Newgen Software Technologies'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 Newgen Software Technologies'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.