The Ramco Cements Limited manufactures and sells cement, ready mix concrete, and dry mortar products in India. It offers formulated blended cement, Portland Pozzolana cement, sulphate resisting, sleeper grade, super fast cement, ordinary Portland cement, and cement-based putty under the RAMCO brand. The company is also involved in the generation and sale of electricity from wind mills and thermal power plants. As of March 31, 2022, it operated a wind farm with an installed capacity of 125.95 MW comprising 127 wind electric generators. The Ramco Cements Limited also exports its products. The company was formerly known as Madras Cements Ltd. and changed its name to The Ramco Cements Limited in July 2013. The Ramco Cements Limited was incorporated in 1957 and is headquartered in Chennai, India.
Ramco Cements Dividend Announcement
• Ramco Cements announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-09-15. Ex dividend date: 2024-08-09
• Ramco Cements annual dividend for 2024 was ₹2.50
• Ramco Cements annual dividend for 2023 was ₹2.00
• Ramco Cements's trailing twelve-month (TTM) dividend yield is 0.29%
• Ramco Cements's dividend growth over the last five years (2018-2023) was -7.79% year
Ramco Cements Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-09 | ₹2.50 | annually | 2024-09-15 |
2023-08-03 | ₹2.00 | annually | 2023-09-01 |
2022-08-02 | ₹3.00 | annually | 2022-09-09 |
2021-03-22 | ₹3.00 | annually | 2021-04-11 |
2020-03-11 | ₹2.50 | annually | 2020-04-02 |
2019-07-31 | ₹3.00 | annually | 2019-09-07 |
2018-07-26 | ₹3.00 | annually | 2018-09-02 |
2017-07-27 | ₹3.00 | annually | 2017-09-03 |
2016-03-18 | ₹3.00 | annually | 2016-06-01 |
2015-07-29 | ₹1.50 | annually | 2015-09-05 |
2014-07-18 | ₹1.00 | annually | 2014-08-27 |
2013-07-19 | ₹1.00 | annually | 2013-09-28 |
2013-02-15 | ₹1.00 | annually | 2013-03-15 |
Ramco Cements Dividend per year
Ramco Cements Dividend growth
Ramco Cements Dividend Yield
Ramco Cements current trailing twelve-month (TTM) dividend yield is 0.29%. Interested in purchasing Ramco Cements stock? Use our calculator to estimate your expected dividend yield:
Ramco Cements Financial Ratios
Ramco Cements Dividend FAQ
Other factors to consider when evaluating Ramco Cements 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: Ramco Cements'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, Ramco Cements 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, Ramco Cements 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 Ramco Cements 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: Ramco Cements 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, Ramco Cements distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ramco Cements 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 Ramco Cements'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 Ramco Cements'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.