Polytex India Ltd. operates as a non-banking finance company, which engages in the business of investment and trading in shares and securities. It also provides short-term loans and advances. The company was founded on January 5, 1987 and is headquartered in Mumbai, India.
Polytex India Dividend Announcement
• Polytex India announced a semi annually dividend of ₹0.25 per ordinary share which will be made payable on . Ex dividend date: 2012-11-05
• Polytex India's trailing twelve-month (TTM) dividend yield is -%
Polytex India Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2012-11-05 | ₹0.25 | semi annually | |
| 2012-08-17 | ₹0.25 | semi annually | |
| 2011-09-16 | ₹0.30 | semi annually |
Polytex India Dividend per year
Polytex India Dividend Yield
Polytex India current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Polytex India stock? Use our calculator to estimate your expected dividend yield:
Polytex India Financial Ratios
P/E ratio-79.25
PEG ratio0.80
P/B ratio4.51
ROE-5.51%
Payout ratio0.00%
Current ratio0.61
Quick ratio0.61
Cash Ratio0.45
Polytex India Dividend FAQ
Does Polytex India stock pay dividends?
Polytex India does not currently pay dividends to its shareholders.
Has Polytex India ever paid a dividend?
No, Polytex India has no a history of paying dividends to its shareholders. Polytex India is not known for its dividend payments.
Why doesn't Polytex India pay dividends?
There are several potential reasons why Polytex India would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Polytex India ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Polytex India has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Polytex India a dividend aristocrat?
Polytex India is not considered a Dividend Aristocrat. 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 Polytex India a dividend king?
Polytex India is not classified as a "Dividend King". 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 Polytex India a dividend stock?
No, Polytex India is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Polytex India stocks?
To buy Polytex India 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Polytex India 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.
Place an order: Use the brokerage's trading platform to place an order to buy Polytex India 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.