Pitti Engineering Limited manufactures and sells manufactures electrical sheet metal products in India. It manufactures engineering products of iron and steel, including electrical steel laminations, stator and rotor core assemblies, subassemblies, pole assemblies, die-cast rotors, press tools, and high precision machining of various metal components. The company's products are used in hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, e-mobility, appliances, medical equipment, oil and gas, and other industrial applications. It also exports its products. The company was formerly known as Pitti Laminations Limited and changed its name to Pitti Engineering Limited in May 2018. Pitti Engineering Limited was incorporated in 1983 and is based in Hyderabad, India.
Pitti Engineering Dividend Announcement
• Pitti Engineering announced a semi annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
• Pitti Engineering annual dividend for 2024 was ₹1.50
• Pitti Engineering annual dividend for 2023 was ₹2.70
• Pitti Engineering's trailing twelve-month (TTM) dividend yield is 0.11%
Pitti Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | ₹1.50 | semi annually | 2024-10-20 |
2023-08-11 | ₹1.20 | semi annually | 2023-09-17 |
2023-02-24 | ₹1.50 | semi annually | 2023-03-14 |
2022-09-15 | ₹0.85 | semi annually | 2022-10-23 |
2022-02-18 | ₹0.40 | semi annually | 2022-03-11 |
2021-11-17 | ₹0.40 | semi annually | 2021-12-06 |
2021-08-13 | ₹0.38 | semi annually | 2021-09-03 |
2015-09-18 | ₹0.62 | semi annually | 2015-10-28 |
2015-02-09 | ₹0.75 | semi annually | 2015-02-27 |
2014-09-12 | ₹1.00 | semi annually | 2014-10-22 |
2013-09-05 | ₹1.00 | semi annually | 2013-10-16 |
2012-07-27 | ₹3.00 | semi annually | 2012-08-28 |
2011-08-08 | ₹1.00 | semi annually | 2011-09-05 |
2009-09-15 | ₹1.00 | semi annually | 2009-10-08 |
2008-08-22 | ₹2.00 | semi annually | 2008-09-22 |
2007-08-21 | ₹2.00 | semi annually |
Pitti Engineering Dividend per year
Pitti Engineering Dividend growth
Pitti Engineering Dividend Yield
Pitti Engineering current trailing twelve-month (TTM) dividend yield is 0.11%. Interested in purchasing Pitti Engineering stock? Use our calculator to estimate your expected dividend yield:
Pitti Engineering Financial Ratios
Pitti Engineering Dividend FAQ
Other factors to consider when evaluating Pitti Engineering 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: Pitti Engineering'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, Pitti Engineering 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, Pitti Engineering 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 Pitti Engineering 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: Pitti Engineering 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, Pitti Engineering distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Pitti Engineering 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 Pitti Engineering'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 Pitti Engineering'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.