Table of Contents

company-logo

Paramount Communications Limited, together with its subsidiaries, engages in the manufacture and sale of wire and cables to public and private sector companies in India. The company provides power cables, including high tension and low tension power and aerial bunch cables; screened and unscreened type control cables; instrumentation cables for process control, A/D converters, and other microprocessor based instrumentation circuits; and thermocouple extension and compensating cables for connecting thermocouples to control and measurement devices. It also offers telecom cables, such as optical fiber, jelly filled, switched board, fiber to the home, and installation cables, as well as buried service and jumper wires. In addition, the company provides underground railway signaling and quad axle counter cables, and specialized instrumentation cables for underground and elevated metro projects; fire survival, XLPE, multicore round, solar, PTFE, and special cables; and building and PVC wires. Further, it offers turnkey services for construction, design, supply, engineering, and installation testing and commissioning. The company sells its products under the Paramount Cables brand name. It serves power, railways, telecom, IT and communications, construction, defense, space research, electronics, export, specialized EPC, renewable, and oil and gas sectors. Paramount Communications Limited was founded in 1955 and is headquartered in New Delhi, India.

Paramount Communications Dividend Announcement

• Paramount Communications announced a annually dividend of ₹0.40 per ordinary share which will be made payable on 2008-09-29. Ex dividend date: 2008-09-11
• Paramount Communications's trailing twelve-month (TTM) dividend yield is -%

Paramount Communications Dividend History

Ex-Div dateDividend amountDividend typePay date
2008-09-11₹0.40annually2008-09-29
2007-09-11₹0.40annually2007-09-28

Paramount Communications Dividend per year

Paramount Communications Dividend Yield

Paramount Communications current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Paramount Communications stock? Use our calculator to estimate your expected dividend yield:

Paramount Communications Financial Ratios

P/E ratio22.34
PEG ratio-0.37
P/B ratio3.22
ROE18.55%
Payout ratio0.00%
Current ratio4.25
Quick ratio2.19
Cash Ratio0.05

Paramount Communications Dividend FAQ

Does Paramount Communications stock pay dividends?
Paramount Communications does not currently pay dividends to its shareholders.
Has Paramount Communications ever paid a dividend?
No, Paramount Communications has no a history of paying dividends to its shareholders. Paramount Communications is not known for its dividend payments.
Why doesn't Paramount Communications pay dividends?
There are several potential reasons why Paramount Communications 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.
Will Paramount Communications 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 Paramount Communications 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 Paramount Communications a dividend aristocrat?
Paramount Communications 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 Paramount Communications a dividend king?
Paramount Communications 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 Paramount Communications a dividend stock?
No, Paramount Communications 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 Paramount Communications stocks?
To buy Paramount Communications 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 Paramount Communications 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.