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Poojawestern Metaliks Ltd. engages in the manufacture, trade and export of brass products. The firm offers brass and copper alloys, chrome pipe fittings, brass inserts for moldings, brass compression fittings, and computer numerical control and vertical milling center machine turned parts. Its products are distributed under the following brand names: P-Alloy, P-Fit, P-Fix, P-Max and P-Perfekt. The company was founded in 1991 and is headquartered in Jamnagar, India.

Poojawestern Metaliks Dividend Announcement

Poojawestern Metaliks announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-13
Poojawestern Metaliks annual dividend for 2024 was ₹1.00
Poojawestern Metaliks annual dividend for 2023 was ₹1.00
Poojawestern Metaliks's trailing twelve-month (TTM) dividend yield is 2.39%

Poojawestern Metaliks Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13₹1.00annually2024-10-27
2023-09-22₹1.00annually2023-10-30

Poojawestern Metaliks Dividend per year

Poojawestern Metaliks Dividend Yield

Poojawestern Metaliks current trailing twelve-month (TTM) dividend yield is 2.39%. Interested in purchasing Poojawestern Metaliks stock? Use our calculator to estimate your expected dividend yield:

Poojawestern Metaliks Financial Ratios

P/E ratio27.31
PEG ratio0.73
P/B ratio3.25
ROE12.03%
Payout ratio0.00%
Current ratio1.30
Quick ratio0.54
Cash Ratio0.01

Poojawestern Metaliks Dividend FAQ

Does Poojawestern Metaliks stock pay dividends?
Poojawestern Metaliks does not currently pay dividends to its shareholders.
Has Poojawestern Metaliks ever paid a dividend?
No, Poojawestern Metaliks has no a history of paying dividends to its shareholders. Poojawestern Metaliks is not known for its dividend payments.
Why doesn't Poojawestern Metaliks pay dividends?
There are several potential reasons why Poojawestern Metaliks 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.
Will Poojawestern Metaliks 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 Poojawestern Metaliks 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 Poojawestern Metaliks a dividend aristocrat?
Poojawestern Metaliks 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 Poojawestern Metaliks a dividend king?
Poojawestern Metaliks 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 Poojawestern Metaliks a dividend stock?
No, Poojawestern Metaliks 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 Poojawestern Metaliks stocks?
To buy Poojawestern Metaliks 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 Poojawestern Metaliks 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.