Promact Impex Ltd. engages in the manufacture of woven bags, fabrics, and tarpaulin. It operates through the following segments: Domestic Sales & Services, Commission Income; and Export Sales. The company was founded on March 26, 1985 and is headquartered in Ahmedabad, India.
Promact Impex Dividend Announcement
• Promact Impex announced a annually dividend of ₹1.00 per ordinary share which will be made payable on . Ex dividend date: 2005-08-23
• Promact Impex's trailing twelve-month (TTM) dividend yield is -%
Promact Impex Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2005-08-23 | ₹1.00 | annually |
Promact Impex Dividend per year
Promact Impex Dividend Yield
Promact Impex current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Promact Impex stock? Use our calculator to estimate your expected dividend yield:
Promact Impex Financial Ratios
P/E ratio11.55
PEG ratio0.31
P/B ratio-4.26
ROE-59.91%
Payout ratio0.00%
Current ratio0.57
Quick ratio0.57
Cash Ratio0.00
Promact Impex Dividend FAQ
Does Promact Impex stock pay dividends?
Promact Impex does not currently pay dividends to its shareholders.
Has Promact Impex ever paid a dividend?
No, Promact Impex has no a history of paying dividends to its shareholders. Promact Impex is not known for its dividend payments.
Why doesn't Promact Impex pay dividends?
There are several potential reasons why Promact Impex 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 Promact Impex 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 Promact Impex 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 Promact Impex a dividend aristocrat?
Promact Impex 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 Promact Impex a dividend king?
Promact Impex 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 Promact Impex a dividend stock?
No, Promact Impex 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 Promact Impex stocks?
To buy Promact Impex 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 Promact Impex 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 Promact Impex 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.