Pennar Industries Limited operates as an engineering company in India and internationally. The company offers cold rolled steel strips; electrostatic precipitator electrodes; building components, such as purlins, roofing/cladding sheets, and decking profiles; metal crash barriers for flyovers, bridges, national highways, and other projects; sheet piles for infrastructure projects; and sheet metal products for the automobile industry. It also provides solar module mounting structures to support the solar PV panels; railway wagons, and passenger and metro coaches; and storage solutions, including racking, shelving, and special solutions, as well as storage accessories. In addition, the company offers industrial components, such as hydraulic cylinders, auto components, and white goods components; and precision tubes comprising electric resistance welding, CDW/DOM/CEW, bicycle frame, steel, engineering, boiler, heat exchanger, propeller shaft, transformer, fuel and air, furniture, structural, telescopic front fork, and air pre-heater and Indian boiler regulation tubes, as well as automotive shock absorbers. Further, it designs, fabricates, and erects factory buildings, warehouses, power plants, commercial centers, high-rise buildings, aircraft hangars, defense installations, sports stadiums, industrial racking systems, cold-form structures for low-cost housing, metro stations, solar module mounting structures, and telecom transmission towers. Additionally, the company provides design and engineering services; and water treatment chemicals, fuel additives, and specialty water treatment chemicals, as well as water and environment infrastructure turnkey solutions. The company was incorporated in 1975 and is headquartered in Hyderabad, India.
Pennar Industries Dividend Announcement
• Pennar Industries announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2013-08-29. Ex dividend date: 2013-07-19
• Pennar Industries's trailing twelve-month (TTM) dividend yield is -%
Pennar Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2013-07-19 | ₹1.00 | annually | 2013-08-29 |
2012-07-11 | ₹1.00 | annually | 2012-08-23 |
2011-09-06 | ₹0.75 | annually | 2011-10-12 |
Pennar Industries Dividend per year
Pennar Industries Dividend growth
Pennar Industries Dividend Yield
Pennar Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Pennar Industries stock? Use our calculator to estimate your expected dividend yield:
Pennar Industries Financial Ratios
Pennar Industries Dividend FAQ
Other factors to consider when evaluating Pennar Industries 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: Pennar Industries'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, Pennar Industries 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, Pennar Industries 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 Pennar Industries 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: Pennar Industries 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, Pennar Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Pennar Industries 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 Pennar Industries'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 Pennar Industries'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.