NRB Bearings Limited engages in the manufacture and sale of the ball and roller bearings to original equipment manufacturers in India and internationally. The company offers a range of friction solutions comprises drawn cup needle bearings, cylindrical roller bearings, polyamide and steel needle bearing cages, full-complement needle bearings, formed strip cages for heavy gearboxes, special ball bearings, tapered and spherical roller bearings, and planetary shafts. It also offers crankpins, thrust bearings, rocker arm bearings, other special pins. It serves the automotive industry, as well as mobility applications. NRB Bearings Limited was incorporated in 1965 and is based in Mumbai, India.
NRB Bearings Dividend Announcement
• NRB Bearings announced a semi annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-11-03. Ex dividend date: 2024-10-16
• NRB Bearings annual dividend for 2024 was ₹2.50
• NRB Bearings annual dividend for 2023 was ₹5.10
• NRB Bearings's trailing twelve-month (TTM) dividend yield is 0.87%
• NRB Bearings's dividend growth over the last five years (2018-2023) was 14.42% year
• NRB Bearings's dividend growth over the last ten years (2013-2023) was 11.61% year
NRB Bearings Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-16 | ₹2.50 | semi annually | 2024-11-03 |
2023-09-22 | ₹1.00 | semi annually | 2023-10-29 |
2023-06-09 | ₹4.10 | semi annually | 2023-06-29 |
2022-09-07 | ₹2.00 | semi annually | 2022-10-15 |
2021-09-16 | ₹0.50 | semi annually | 2021-10-24 |
2020-02-18 | ₹0.80 | semi annually | 2020-03-10 |
2019-08-01 | ₹2.60 | semi annually | 2019-09-08 |
2018-08-01 | ₹1.20 | semi annually | 2018-08-20 |
2018-03-28 | ₹1.40 | semi annually | 2018-04-10 |
2017-02-22 | ₹1.40 | semi annually | 2017-03-13 |
2016-03-21 | ₹1.40 | semi annually | 2016-03-31 |
2015-07-16 | ₹1.50 | semi annually | |
2014-07-31 | ₹1.10 | semi annually | 2014-09-10 |
2013-07-12 | ₹1.70 | semi annually | 2013-08-22 |
NRB Bearings Dividend per year
NRB Bearings Dividend growth
NRB Bearings Dividend Yield
NRB Bearings current trailing twelve-month (TTM) dividend yield is 0.87%. Interested in purchasing NRB Bearings stock? Use our calculator to estimate your expected dividend yield:
NRB Bearings Financial Ratios
NRB Bearings Dividend FAQ
Other factors to consider when evaluating NRB Bearings 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: NRB Bearings'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, NRB Bearings 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, NRB Bearings 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 NRB Bearings 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: NRB Bearings 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, NRB Bearings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: NRB Bearings 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 NRB Bearings'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 NRB Bearings'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.