Panama Petrochem Limited engages in the manufacture, trading, and sale of specialty petroleum products in India. It offers white/liquid paraffin oil; petroleum jellies; transformer oil; ink and coating oils; rubber process oil; industrial oils and lubricants; lithium and lithium complex, calcium and sodium based, and aluminum greases; automotive engine, and gear and transmission oils, as well as other automotive lubricants; drilling fluids; and fully- and semi-refined paraffin, slack, and micro waxes. The company also provides textile oils, including Panol-KNT and antistatic coning oil. It serves printing, textile, rubber, pharmaceutical, cosmetic, power, and other industrial oil industries. The company also exports its products to the United States, the United Kingdom, Europe, the Middle East, Australia, Africa, Southeast Asia, etc. Panama Petrochem Limited was founded in 1975 and is based in Mumbai, India.
Panama Petrochem Dividend Announcement
• Panama Petrochem announced a semi annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-22
• Panama Petrochem annual dividend for 2024 was ₹6.00
• Panama Petrochem annual dividend for 2023 was ₹8.00
• Panama Petrochem's trailing twelve-month (TTM) dividend yield is 1.8%
• Panama Petrochem's dividend growth over the last five years (2018-2023) was 46.14% year
• Panama Petrochem's dividend growth over the last ten years (2013-2023) was 7.18% year
Panama Petrochem Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-22 | ₹2.00 | semi annually | 2024-11-29 |
2024-08-22 | ₹4.00 | semi annually | 2024-09-28 |
2023-11-17 | ₹3.00 | semi annually | 2023-11-24 |
2023-08-22 | ₹5.00 | semi annually | 2023-09-28 |
2022-11-23 | ₹3.00 | semi annually | 2022-12-14 |
2022-08-26 | ₹6.00 | semi annually | 2022-10-05 |
2021-11-25 | ₹2.00 | semi annually | 2021-12-07 |
2021-08-27 | ₹2.00 | semi annually | 2021-10-06 |
2020-08-31 | ₹1.20 | semi annually | 2020-10-08 |
2019-09-06 | ₹1.20 | semi annually | 2019-10-17 |
2018-08-14 | ₹1.20 | semi annually | 2018-09-19 |
2017-09-13 | ₹1.50 | semi annually | |
2017-08-24 | ₹1.00 | semi annually | 2017-10-18 |
2016-09-20 | ₹0.50 | semi annually | 2016-10-26 |
2015-09-08 | ₹2.00 | semi annually | 2015-10-14 |
2014-08-12 | ₹6.00 | semi annually | 2014-09-15 |
2013-09-19 | ₹4.00 | semi annually | 2013-10-14 |
Panama Petrochem Dividend per year
Panama Petrochem Dividend growth
Panama Petrochem Dividend Yield
Panama Petrochem current trailing twelve-month (TTM) dividend yield is 1.8%. Interested in purchasing Panama Petrochem stock? Use our calculator to estimate your expected dividend yield:
Panama Petrochem Financial Ratios
Panama Petrochem Dividend FAQ
Other factors to consider when evaluating Panama Petrochem 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: Panama Petrochem'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, Panama Petrochem 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, Panama Petrochem 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 Panama Petrochem 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: Panama Petrochem 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, Panama Petrochem distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Panama Petrochem 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 Panama Petrochem'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 Panama Petrochem'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.