PIX Transmissions Limited manufactures and sells belts and related mechanical power transmissions products in India. It offers ribbed/poly-V, timing/synchronous, banded, automotive, industrial, special, agriculture, lawn and garden, and V-belts; and PowerWare products, such as pulleys, couplings, bespokes, and tensioners and idler pulleys, as well as accessories, including service kits, pulley and profile gauges, laser guided pulley alignment tools, belt length measurers, tension meters and testers, poly-v belt wear gauges, timing belt gauges, and X'slit belt cutting tools. The company's products are used in industrial, automotive, agriculture, lawn and garden, ceramic, cold storage, food processing, domestic appliance, cement, leisure and sport, machine tools, mineral ore mining, oil and gas, packaging, paper and pulp, pharmaceutical, power plant, rice/flour mills, steel, textile, wood, and building and construction industries. It also exports its products. The company was incorporated in 1981 and is based in Mumbai, India.
PIX Transmissions Dividend Announcement
• PIX Transmissions announced a annually dividend of ₹7.00 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-07-16
• PIX Transmissions annual dividend for 2024 was ₹7.00
• PIX Transmissions annual dividend for 2023 was ₹6.00
• PIX Transmissions's trailing twelve-month (TTM) dividend yield is 0.31%
• PIX Transmissions's dividend growth over the last five years (2018-2023) was 19.14% year
PIX Transmissions Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-16 | ₹7.00 | annually | 2024-08-23 |
2023-07-11 | ₹6.00 | annually | 2023-08-18 |
2022-07-11 | ₹6.00 | annually | 2022-08-19 |
2021-08-09 | ₹5.00 | annually | 2021-09-17 |
2020-09-21 | ₹2.00 | annually | 2020-10-30 |
2019-07-15 | ₹2.75 | annually | 2019-08-23 |
2018-09-10 | ₹2.50 | annually | 2018-10-18 |
2017-09-18 | ₹2.00 | annually | 2017-10-26 |
PIX Transmissions Dividend per year
PIX Transmissions Dividend growth
PIX Transmissions Dividend Yield
PIX Transmissions current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing PIX Transmissions stock? Use our calculator to estimate your expected dividend yield:
PIX Transmissions Financial Ratios
PIX Transmissions Dividend FAQ
Other factors to consider when evaluating PIX Transmissions 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: PIX Transmissions'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, PIX Transmissions 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, PIX Transmissions 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 PIX Transmissions 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: PIX Transmissions 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, PIX Transmissions distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PIX Transmissions 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 PIX Transmissions'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 PIX Transmissions'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.