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Rama Steel Tubes Limited manufactures and trades steel pipes and tubes, and rigid poly vinyl chloride and galvanized iron pipes in India and internationally. It offers ERW galvanized steel pipes and tubes, ERW black steel pipes and tubes, scaffolding pipes and tubes, swaged poles, structural steel products, and hollow sections. The company also exports its products to the United Kingdom, the United Arab Emirates, Sri Lanka, Ethiopia, Kenya, Uganda, Ghana, Kuwait, the Republic of Congo, Yemen, Guyana, Germany, the United States, South Africa, Zambia, Malta, etc. Rama Steel Tubes Limited was incorporated in 1974 and is based in New Delhi, India.

Rama Steel Tubes Dividend Announcement

Rama Steel Tubes announced a annually dividend of ₹0.06 per ordinary share which will be made payable on 2022-03-16. Ex dividend date: 2022-02-24
Rama Steel Tubes's trailing twelve-month (TTM) dividend yield is -%

Rama Steel Tubes Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-02-24₹0.06annually2022-03-16

Rama Steel Tubes Dividend per year

Rama Steel Tubes Dividend Yield

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

Rama Steel Tubes Financial Ratios

P/E ratio67.50
PEG ratio1.57
P/B ratio6.36
ROE10.25%
Payout ratio0.00%
Current ratio1.68
Quick ratio1.31
Cash Ratio0.05

Rama Steel Tubes Dividend FAQ

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