Orient Electric Limited manufactures, purchases, and sells electrical consumer durables, and lighting and switchgear products in India. The company operates in two segments, Electrical Consumer Durables, and Lighting and Switchgear. It offers ceiling, portable, airflow, wall, lifestyle, stand, table, exhaust, and multi-utility fans, as well as related components and accessories; and home appliances, such as air coolers, room and water heaters, oil filled radiators, heat convectors, dry irons, mixer grinders, juicer mixer grinders, wet grinders, electric kettles and rice cookers, induction cooktops, electric choppers and toasters, and electric hand mixers; and health appliances. The company also provides lighting products comprising LED bulbs and luminaires, LED lamps and tubes, professional lighting products, CFLs, fluorescent tube lights, incandescent lamps, and conventional fittings; and switchgears, including miniature and residual current circuit breakers, distribution boards, isolators, and modular switches and plates, as well as wiring accessories. Orient Electric Limited also exports its products to approximately 26 countries. The company sells its products through a sales/distribution network, as well as online. It also franchises smart shops. Orient Electric Limited was incorporated in 2016 and is headquartered in New Delhi, India.
Orient Electric Dividend Announcement
• Orient Electric announced a semi annually dividend of ₹0.75 per ordinary share which will be made payable on 2024-08-31. Ex dividend date: 2024-07-25
• Orient Electric annual dividend for 2024 was ₹1.50
• Orient Electric annual dividend for 2023 was ₹1.50
• Orient Electric's trailing twelve-month (TTM) dividend yield is 0.65%
• Orient Electric's dividend growth over the last five years (2018-2023) was 24.57% year
Orient Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-25 | ₹0.75 | semi annually | 2024-08-31 |
2024-02-13 | ₹0.75 | semi annually | 2024-03-02 |
2023-07-26 | ₹0.75 | semi annually | 2023-09-01 |
2023-02-09 | ₹0.75 | semi annually | 2023-03-01 |
2022-07-15 | ₹1.25 | semi annually | 2022-08-24 |
2022-02-01 | ₹0.75 | semi annually | 2022-02-19 |
2021-07-20 | ₹1.25 | semi annually | 2021-07-31 |
2021-02-09 | ₹0.75 | semi annually | 2021-02-28 |
2020-07-30 | ₹0.50 | semi annually | 2020-09-06 |
2020-02-06 | ₹0.65 | semi annually | 2020-02-27 |
2019-07-11 | ₹0.50 | semi annually | 2019-08-15 |
2019-02-06 | ₹0.50 | semi annually | 2019-02-27 |
2018-07-10 | ₹0.50 | semi annually | 2018-08-14 |
Orient Electric Dividend per year
Orient Electric Dividend growth
Orient Electric Dividend Yield
Orient Electric current trailing twelve-month (TTM) dividend yield is 0.65%. Interested in purchasing Orient Electric stock? Use our calculator to estimate your expected dividend yield:
Orient Electric Financial Ratios
Orient Electric Dividend FAQ
Other factors to consider when evaluating Orient Electric 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: Orient Electric'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, Orient Electric 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, Orient Electric 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 Orient Electric 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: Orient Electric 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, Orient Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Orient Electric 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 Orient Electric'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 Orient Electric'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.