Nibe Ltd. engages in weaving and manufacture of man-made fibre and man-made mixture fabrics. Its product includes Synthetic Fabrics from man-made yarns, which include semi-finished sarees and dress materials. The company was founded by Harish Bhagirath Chandak and Shailesh Harish Chandak on October 18, 2005 and is headquartered in Surat, India.
NIBE Dividend Announcement
• NIBE announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-09-20
• NIBE annual dividend for 2024 was ₹1.00
• NIBE annual dividend for 2023 was ₹0.10
• NIBE's trailing twelve-month (TTM) dividend yield is 0.05%
NIBE Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-20 | ₹1.00 | annually | 2024-10-28 |
| 2023-09-15 | ₹0.10 | annually | 2023-10-23 |
NIBE Dividend per year
NIBE Dividend Yield
NIBE current trailing twelve-month (TTM) dividend yield is 0.05%. Interested in purchasing NIBE stock? Use our calculator to estimate your expected dividend yield:
NIBE Financial Ratios
P/E ratio94.33
PEG ratio-6.11
P/B ratio13.10
ROE18.73%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
NIBE Dividend FAQ
Does NIBE stock pay dividends?
NIBE does not currently pay dividends to its shareholders.
Has NIBE ever paid a dividend?
No, NIBE has no a history of paying dividends to its shareholders. NIBE is not known for its dividend payments.
Why doesn't NIBE pay dividends?
There are several potential reasons why NIBE would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will NIBE ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While NIBE has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is NIBE a dividend aristocrat?
NIBE is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is NIBE a dividend king?
NIBE is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is NIBE a dividend stock?
No, NIBE is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy NIBE stocks?
To buy NIBE you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy NIBE stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy NIBE stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.