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Rajnandini Metal Limited engages in the trading of in ferrous and non-ferrous metal scrap in India and internationally. It offers steel, iron, iron alloy, castings, various metals, various kind of chemicals, furnace oils, petroleum products, iron and steel, aluminum, tin, nickel, zinc led, copper, cooper continuous road, brass, silicon scrap, and their products. The company also manufactures and sells copper products comprising copper rods, annealed bare copper wires, fine copper wires, multi stranded copper wires, bunched copper wires, submersible wires and cables, house wires and cables, and copper conductors. The company was incorporated in 2010 and is based in Faridabad, India.

Rajnandini Metal Dividend Announcement

Rajnandini Metal announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2022-08-30. Ex dividend date: 2022-08-11
Rajnandini Metal's trailing twelve-month (TTM) dividend yield is -%

Rajnandini Metal Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-08-11₹1.00annually2022-08-30

Rajnandini Metal Dividend per year

Rajnandini Metal Dividend Yield

Rajnandini Metal current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Rajnandini Metal stock? Use our calculator to estimate your expected dividend yield:

Rajnandini Metal Financial Ratios

P/E ratio32.81
PEG ratio0.33
P/B ratio5.44
ROE17.22%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Rajnandini Metal Dividend FAQ

Does Rajnandini Metal stock pay dividends?
Rajnandini Metal does not currently pay dividends to its shareholders.
Has Rajnandini Metal ever paid a dividend?
No, Rajnandini Metal has no a history of paying dividends to its shareholders. Rajnandini Metal is not known for its dividend payments.
Why doesn't Rajnandini Metal pay dividends?
There are several potential reasons why Rajnandini Metal 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.
Will Rajnandini Metal 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 Rajnandini Metal 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 Rajnandini Metal a dividend aristocrat?
Rajnandini Metal 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 Rajnandini Metal a dividend king?
Rajnandini Metal 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 Rajnandini Metal a dividend stock?
No, Rajnandini Metal 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 Rajnandini Metal stocks?
To buy Rajnandini Metal 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 Rajnandini Metal 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.