The Phoenix Mills Limited engages in the operation and management of malls, construction of commercial and residential properties, and hotel business in India. The company operates in two segments, Property and Related Services, and Hospitality. Its real estate asset portfolio consists of retail mall, commercial office, residential, and hospitality projects located in Mumbai, Chennai, Bengaluru, Pune, Kolkata, Lucknow, Bareilly, Agra, Ahmedabad, and Indore. The company owns and operates hotels under The St. Regis name with 395 keys and ten restaurants in Mumbai; and Courtyard by Marriott brand name with 193 keys and four restaurants in Agra. It operates malls primarily under the Phoenix MarketCity, Phoenix Palladium, Phoenix United, and Phoenix Palassio brand names. The Phoenix Mills Limited was incorporated in 1905 and is based in Mumbai, India.
Phoenix Mills Dividend Announcement
• Phoenix Mills announced a annually dividend of ₹5.00 per ordinary share which will be made payable on 2024-10-13. Ex dividend date: 2024-08-20
• Phoenix Mills annual dividend for 2024 was ₹5.00
• Phoenix Mills annual dividend for 2023 was ₹10.00
• Phoenix Mills's trailing twelve-month (TTM) dividend yield is 0.15%
• Phoenix Mills's payout ratio for the trailing twelve months (TTM) is 8.52%
Phoenix Mills Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-20 | ₹5.00 | annually | 2024-10-13 |
2023-09-15 | ₹10.00 | annually | 2023-10-22 |
2022-09-12 | ₹4.80 | annually | 2022-10-20 |
2021-09-16 | ₹1.00 | annually | 2021-10-24 |
2019-09-17 | ₹3.00 | annually | 2019-10-24 |
2018-09-11 | ₹5.20 | annually | 2018-09-30 |
2017-09-18 | ₹2.40 | annually | 2017-10-25 |
2016-08-31 | ₹0.45 | annually | 2016-10-08 |
2016-03-17 | ₹1.75 | annually | 2016-04-07 |
2015-09-02 | ₹4.40 | annually | 2015-10-09 |
2014-08-13 | ₹4.40 | annually | 2014-09-25 |
2013-08-12 | ₹2.20 | annually | 2013-09-20 |
2012-08-10 | ₹2.00 | annually | 2012-09-20 |
Phoenix Mills Dividend per year
Phoenix Mills Dividend growth
Phoenix Mills Dividend Yield
Phoenix Mills current trailing twelve-month (TTM) dividend yield is 0.15%. Interested in purchasing Phoenix Mills stock? Use our calculator to estimate your expected dividend yield:
Phoenix Mills Financial Ratios
Phoenix Mills Dividend FAQ
Other factors to consider when evaluating Phoenix Mills 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: Phoenix Mills'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, Phoenix Mills 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, Phoenix Mills 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 Phoenix Mills 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: Phoenix Mills 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, Phoenix Mills distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Phoenix Mills 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 Phoenix Mills'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 Phoenix Mills'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.