Nitin Spinners Limited manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India. The company offers ring spun carded, ring spun, compact ring spun combed, compact ring spun, blended ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, BCI/TBC certified, Supima and Giza certified, contamination free, zero and eli twist, and open end yarns; poly /cotton blended open end yarns; combed, compact, and carded multi-fold ring spun yarns; and yarns made out of recycled fibers, as well as dye able cheese/cones used in woven and knitted apparel, furnishing fabrics, denims, terry towel, medical fabrics, tea bags, and bed linen. It also provides single jersey, Lycra blended, pique structured, interlock structured, rib structured, and 3 T fleece fabrics used in inner, comfort, sports, baby, and winter wears. In addition, the company offers finished and printed woven fabrics used in fashion and image wears, uniforms, health care apparels, hotel apparels, industrial and protective apparels, and defense apparels. It also exports its products to approximately 50 countries. The company was incorporated in 1992 and is headquartered in Bhilwara, India.
Nitin Spinners Dividend Announcement
• Nitin Spinners announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-10-16. Ex dividend date: 2024-09-09
• Nitin Spinners annual dividend for 2024 was ₹2.50
• Nitin Spinners annual dividend for 2023 was ₹2.50
• Nitin Spinners's trailing twelve-month (TTM) dividend yield is 0.6%
• Nitin Spinners's dividend growth over the last five years (2018-2023) was 15.81% year
Nitin Spinners Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-09 | ₹2.50 | annually | 2024-10-16 |
2023-09-11 | ₹2.50 | annually | 2023-10-18 |
2022-09-07 | ₹2.50 | annually | 2022-10-15 |
2022-02-10 | ₹1.50 | annually | 2022-03-05 |
2021-09-08 | ₹1.50 | annually | 2021-10-16 |
2020-09-08 | ₹0.60 | annually | 2020-10-16 |
2019-09-12 | ₹1.25 | annually | 2019-10-20 |
2018-09-12 | ₹1.20 | annually | 2018-10-22 |
2017-08-24 | ₹1.20 | annually | 2017-10-04 |
2016-09-15 | ₹1.00 | annually | 2016-10-24 |
2015-09-15 | ₹1.00 | annually | 2015-10-25 |
2014-09-02 | ₹0.75 | annually | 2014-10-11 |
Nitin Spinners Dividend per year
Nitin Spinners Dividend growth
Nitin Spinners Dividend Yield
Nitin Spinners current trailing twelve-month (TTM) dividend yield is 0.6%. Interested in purchasing Nitin Spinners stock? Use our calculator to estimate your expected dividend yield:
Nitin Spinners Financial Ratios
Nitin Spinners Dividend FAQ
Other factors to consider when evaluating Nitin Spinners 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: Nitin Spinners'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, Nitin Spinners 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, Nitin Spinners 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 Nitin Spinners 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: Nitin Spinners 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, Nitin Spinners distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nitin Spinners 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 Nitin Spinners'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 Nitin Spinners'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.