Prestige Estates Projects Limited, together with its subsidiaries, engages in the development and leasing of real estate properties in India. It develops a range of residential projects, including townships, apartments, luxury villas, mansions, row houses, town homes, golf developments, and affordable houses; commercial projects comprising office spaces, built-to-suit campuses, special economic zones, and IT parks; and retail properties, such as malls. The company also develops and owns hospitality properties, which include hotels, resorts, spas, and service apartments. In addition, it provides real estate services that comprise fit-out services, interior design and execution, facilities and property management, and project and construction management services. The company was founded in 1986 and is based in Bengaluru, India. Prestige Estates Projects Limited is a subsidiary of Razack Family Trust.
Prestige Estates Projects Dividend Announcement
• Prestige Estates Projects announced a annually dividend of ₹1.80 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• Prestige Estates Projects annual dividend for 2024 was ₹1.80
• Prestige Estates Projects annual dividend for 2023 was ₹1.50
• Prestige Estates Projects's trailing twelve-month (TTM) dividend yield is 0.1%
• Prestige Estates Projects's dividend growth over the last five years (2018-2023) was 4.56% year
• Prestige Estates Projects's dividend growth over the last ten years (2013-2023) was 2.26% year
Prestige Estates Projects Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | ₹1.80 | annually | 2024-10-30 |
2023-09-14 | ₹1.50 | annually | 2023-10-20 |
2022-09-19 | ₹1.50 | annually | 2022-10-26 |
2021-09-17 | ₹1.50 | annually | 2021-10-27 |
2020-03-19 | ₹1.50 | annually | 2020-04-12 |
2019-09-17 | ₹1.50 | annually | 2019-10-25 |
2018-09-10 | ₹1.20 | annually | 2018-10-17 |
2017-09-19 | ₹1.20 | annually | 2017-10-27 |
2016-03-30 | ₹1.20 | annually | 2016-04-17 |
2015-09-23 | ₹1.50 | annually | 2015-10-30 |
2014-09-18 | ₹1.50 | annually | 2014-10-24 |
2013-08-29 | ₹1.20 | annually | 2013-10-05 |
Prestige Estates Projects Dividend per year
Prestige Estates Projects Dividend growth
Prestige Estates Projects Dividend Yield
Prestige Estates Projects current trailing twelve-month (TTM) dividend yield is 0.1%. Interested in purchasing Prestige Estates Projects stock? Use our calculator to estimate your expected dividend yield:
Prestige Estates Projects Financial Ratios
Prestige Estates Projects Dividend FAQ
Other factors to consider when evaluating Prestige Estates Projects 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: Prestige Estates Projects'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, Prestige Estates Projects 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, Prestige Estates Projects 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 Prestige Estates Projects 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: Prestige Estates Projects 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, Prestige Estates Projects distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Prestige Estates Projects 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 Prestige Estates Projects'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 Prestige Estates Projects'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.