Permanent Magnets Ltd. engages in the manufacture of alnico cast magnets, yoke assemblies and parts and accessories of electricity meters. It operates through the following divisions: Magnetic Assemblies, Shunts, Shunt Assemblies and Brass Terminals, Magnetic Cores and Shields, and Magnets and Assemblies for Meters. The company was founded on November 26, 1960 and is headquartered in Thane, India.
Permanent Magnets Dividend Announcement
• Permanent Magnets announced a annually dividend of ₹1.80 per ordinary share which will be made payable on 2024-09-08. Ex dividend date: 2024-08-01 • Permanent Magnets annual dividend for 2024 was ₹1.80 • Permanent Magnets annual dividend for 2023 was ₹1.50 • Permanent Magnets's trailing twelve-month (TTM) dividend yield is 0.21%
Permanent Magnets current trailing twelve-month (TTM) dividend yield is 0.21%. Interested in purchasing Permanent Magnets stock? Use our calculator to estimate your expected dividend yield:
Permanent Magnets Financial Ratios
P/E ratio40.31
PEG ratio4.89
P/B ratio5.30
ROE14.29%
Payout ratio0.00%
Current ratio4.51
Quick ratio2.90
Cash Ratio0.14
Permanent Magnets Dividend FAQ
How much is the next Permanent Magnets dividend?
Permanent Magnets's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Permanent Magnets dividend. The next Permanent Magnets dividend will be released in August.
When is Permanent Magnets dividend paid?
Permanent Magnets pays dividends on a annually basis. The specific dates may vary each year but are generally around August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Permanent Magnets pay?
The specific amount of Permanent Magnets dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Permanent Magnets's dividend history.
Does Permanent Magnets stock pay dividends?
Yes, Permanent Magnets does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Permanent Magnets's dividend history.
How much dividend does Permanent Magnets pay?
Permanent Magnets paid ₹1.8 in 2024, ₹1.5 in 2023, ₹1.2 in 2022, ₹1.0 in 2021, and ₹0.0 in 2020.
How often does Permanent Magnets pay dividends?
Permanent Magnets typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around August.
What is Permanent Magnets's dividend yield?
The current dividend yield for Permanent Magnets is 0.21%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Permanent Magnets's exact dividend yield.
When does Permanent Magnets go ex dividend?
Permanent Magnets's ex-dividend date for the latest dividend was on 2024-08-01. Permanent Magnets typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Permanent Magnets dividend paid?
Permanent Magnets pays dividends on a annually basis, typically around August, but the exact dates can vary each year.
Will Permanent Magnets increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Permanent Magnets will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Permanent Magnets dividend per share?
Permanent Magnets paid ₹1.8 per share in 2024 and ₹1.5 per share in 2023. The amount of dividend per share that Permanent Magnets pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Permanent Magnets a dividend aristocrat?
No, 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 Permanent Magnets a dividend king?
No, 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 Permanent Magnets a dividend stock?
Yes, Permanent Magnets is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Permanent Magnets a good dividend stock?
Whether Permanent Magnets is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Permanent Magnets has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Permanent Magnets 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.
Does Permanent Magnets pay dividends monthly?
Permanent Magnets typically pays dividends on a annually basis.
Does Permanent Magnets pay dividends quarterly?
Permanent Magnets currently pays dividends on a annually basis.
Has Permanent Magnets ever paid a dividend?
Yes, Permanent Magnets has a history of paying dividends to its shareholders. Permanent Magnets is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Permanent Magnets dividend stocks?
To buy Permanent Magnets 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Permanent Magnets 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.
When does Permanent Magnets pay dividends 2024?
Permanent Magnets pays dividends on a annually basis. 2024 dividend payments are in 2024-09-08. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Permanent Magnets increase its dividend in 2024?
Decisions regarding Permanent Magnets dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Permanent Magnets dividend overview you can look into the above table of dividend history.
How Permanent Magnets dividend works?
The Permanent Magnets dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Permanent Magnets's dividend process works:
1. Determination of Dividend: Permanent Magnets'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, Permanent Magnets 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, Permanent Magnets 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 Permanent Magnets 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.
How are Permanent Magnets dividends paid?
Permanent Magnets dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Permanent Magnets 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, Permanent Magnets distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Permanent Magnets 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.
How many times does Permanent Magnets pay dividends?
Permanent Magnets typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Permanent Magnets pay dividends?
The general pattern is that Permanent Magnets pays dividends around August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Permanent Magnets dividend safe?
The safety of Permanent Magnets's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Permanent Magnets'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 Permanent Magnets'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.