Rajapalayam Mills Ltd. engages in the manufacture and marketing of cotton yarns and fabric. It operates through the Textiles and Power from Windmills segments. The Textiles segment offers ring yarn, compact yarn, Elitwist compact yarn, TFO doubled yarn, gassed yarn, slub and multicount yarn, model or tencel yarn, and organic cotton yarn. The Power from Windmills segment is involved in the generation of power from windmills. The company was founded by P. A. C. Ramasamy Raja on September 5, 1938, and is headquartered in Rajapalayam, India.
Rajapalayam Mills Dividend Announcement
• Rajapalayam Mills announced a annually dividend of ₹0.60 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-08-21
• Rajapalayam Mills annual dividend for 2024 was ₹0.60
• Rajapalayam Mills annual dividend for 2023 was ₹1.00
• Rajapalayam Mills's trailing twelve-month (TTM) dividend yield is 0.06%
• Rajapalayam Mills's dividend growth over the last five years (2018-2023) was -23.36% year
• Rajapalayam Mills's dividend growth over the last ten years (2013-2023) was -15.94% year
Rajapalayam Mills Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-21 | ₹0.60 | annually | 2024-09-27 |
2023-08-11 | ₹1.00 | annually | 2023-09-17 |
2022-08-11 | ₹0.99 | annually | 2022-09-19 |
2021-08-17 | ₹0.49 | annually | 2021-09-24 |
2020-09-08 | ₹0.95 | annually | 2020-10-15 |
2019-08-08 | ₹3.78 | annually | 2019-09-13 |
2018-08-02 | ₹3.78 | annually | 2018-09-09 |
2017-08-03 | ₹3.78 | annually | 2017-09-09 |
2016-03-22 | ₹2.84 | annually | |
2015-08-05 | ₹2.36 | annually | |
2014-07-25 | ₹2.36 | annually | |
2014-02-11 | ₹4.73 | annually | |
2013-07-25 | ₹0.95 | annually | |
2013-02-27 | ₹4.73 | annually |
Rajapalayam Mills Dividend per year
Rajapalayam Mills Dividend growth
Rajapalayam Mills Dividend Yield
Rajapalayam Mills current trailing twelve-month (TTM) dividend yield is 0.06%. Interested in purchasing Rajapalayam Mills stock? Use our calculator to estimate your expected dividend yield:
Rajapalayam Mills Financial Ratios
Rajapalayam Mills Dividend FAQ
Other factors to consider when evaluating Rajapalayam Mills 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: Rajapalayam Mills'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, Rajapalayam Mills 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, Rajapalayam Mills 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 Rajapalayam Mills 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: Rajapalayam Mills 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, Rajapalayam Mills distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Rajapalayam Mills 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 Rajapalayam Mills'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 Rajapalayam Mills'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.