Praj Industries Limited operates in the field of bio-based technologies and engineering worldwide. It offers solutions for the ethanol industry, including multi-feed multi-product plants, modernization of existing plants, and renewable fuels comprising BioCNG, iso-butanol, etc.; and high purity system solutions for the biopharma industry, sterile formulations, topical and oral formulations, personal care, and nutraceutical industry. The company also provides customized plants, and equipment and technology solutions to customers in the brewing industry; reactors, pressure vessels, heat exchangers, process columns, and tower proprietary equipment to hydrocarbon industry, petrochemicals, industrial gas plants, and chemical plants; and modular process skids. In addition, it offers wastewater treatment solutions, including treatment and disposal; 3Rs of reduce, recycle, and reuse; ZLD and resource recovery; operation and maintenance services; and value added services. Praj Industries Limited was incorporated in 1985 and is headquartered in Pune, India.
Praj Industries Dividend Announcement
• Praj Industries announced a annually dividend of ₹6.00 per ordinary share which will be made payable on 2024-08-24. Ex dividend date: 2024-07-18
• Praj Industries annual dividend for 2024 was ₹6.00
• Praj Industries annual dividend for 2023 was ₹4.50
• Praj Industries's trailing twelve-month (TTM) dividend yield is 0.84%
• Praj Industries's dividend growth over the last five years (2018-2023) was 22.67% year
• Praj Industries's dividend growth over the last ten years (2013-2023) was 10.76% year
Praj Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-18 | ₹6.00 | annually | 2024-08-24 |
2023-07-19 | ₹4.50 | annually | 2023-08-25 |
2022-07-27 | ₹1.50 | annually | 2022-08-31 |
2021-08-03 | ₹2.16 | annually | 2021-09-10 |
2020-03-13 | ₹2.70 | annually | 2020-03-24 |
2019-07-15 | ₹1.62 | annually | 2019-08-16 |
2019-02-07 | ₹0.50 | annually | 2019-02-27 |
2018-07-27 | ₹1.62 | annually | 2018-09-05 |
2017-08-02 | ₹1.62 | annually | 2017-09-10 |
2016-03-17 | ₹1.62 | annually | 2016-06-01 |
2015-07-29 | ₹1.62 | annually | 2015-09-05 |
2014-07-22 | ₹1.62 | annually | 2014-08-27 |
2014-02-13 | ₹0.60 | annually | 2014-03-07 |
2013-07-16 | ₹1.62 | annually | 2013-08-21 |
Praj Industries Dividend per year
Praj Industries Dividend growth
Praj Industries Dividend Yield
Praj Industries current trailing twelve-month (TTM) dividend yield is 0.84%. Interested in purchasing Praj Industries stock? Use our calculator to estimate your expected dividend yield:
Praj Industries Financial Ratios
Praj Industries Dividend FAQ
Other factors to consider when evaluating Praj Industries 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.
Place an order: Use the brokerage's trading platform to place an order to buy Praj Industries 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.
1. Determination of Dividend: Praj Industries'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, Praj Industries 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, Praj Industries 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 Praj Industries 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: Praj Industries 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, Praj Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Praj Industries 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 Praj Industries'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 Praj Industries'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.