Prime Securities Limited provides corporate advisory and investment banking services in India. It offers corporate advisory services that include financial advisory for debt and capital structuring; strategic, business, and value enhancement; mergers and acquisitions, and stake sales; and structured debt placement/loan syndications. The company also engages in the debt/equity/capital restructurings/loan re-organization activities; and provision of listed equity services, such as initial public offerings (IPO), qualified institutions placements, and rights issues/buybacks/open offers/preferential allotments, as well as local advisory to overseas offerings/foreign entrants. In addition, it offers unlisted equity services that include pre-IPO placements/PIPEs, private equity, and exits/strategic alliances/JVs. Prime Securities Limited was incorporated in 1982 and is headquartered in Mumbai, India.
Prime Securities Dividend Announcement
• Prime Securities announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-07-27. Ex dividend date: 2024-06-20
• Prime Securities annual dividend for 2024 was ₹1.00
• Prime Securities annual dividend for 2023 was ₹0.50
• Prime Securities's trailing twelve-month (TTM) dividend yield is 0.33%
Prime Securities Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ₹1.00 | annually | 2024-07-27 |
2023-06-06 | ₹0.50 | annually | 2023-07-13 |
2022-09-19 | ₹2.25 | annually | 2022-09-30 |
2021-08-06 | ₹4.50 | annually | 2021-09-16 |
2008-09-23 | ₹0.75 | annually | 2008-11-01 |
2007-11-22 | ₹1.50 | annually | 2007-11-26 |
2007-08-22 | ₹1.50 | annually | 2007-10-01 |
2006-11-09 | ₹0.75 | annually | 2006-12-01 |
2006-08-21 | ₹1.25 | annually | 2006-09-07 |
Prime Securities Dividend per year
Prime Securities Dividend growth
Prime Securities Dividend Yield
Prime Securities current trailing twelve-month (TTM) dividend yield is 0.33%. Interested in purchasing Prime Securities stock? Use our calculator to estimate your expected dividend yield:
Prime Securities Financial Ratios
Prime Securities Dividend FAQ
Other factors to consider when evaluating Prime Securities 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: Prime Securities'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, Prime Securities 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, Prime Securities 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 Prime Securities 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: Prime Securities 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, Prime Securities distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Prime Securities 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 Prime Securities'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 Prime Securities'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.