Ramco Industries Limited engages in the building product, textile, and power generation businesses in India. The company manufactures fiber cement sheets and calcium silicate boards; and various accessories and metal framing products. It also provides design and material consultancy, project execution, site quality assurance, and dry construction methods training services; and invests in securities. In addition, it operates 15 windmills with an installed capacity of 16.73 MW in Tirunelveli and Coimbatore Districts of Tamil Nadu; Chitradurga and Hassan Districts in Karnataka; and Kutch District in Gujarat. Ramco Industries Limited was incorporated in 1965 and is based in Chennai, India.
Ramco Industries Dividend Announcement
• Ramco Industries announced a annually dividend of ₹0.75 per ordinary share which will be made payable on 2024-09-15. Ex dividend date: 2024-08-09
• Ramco Industries annual dividend for 2024 was ₹0.75
• Ramco Industries annual dividend for 2023 was ₹1.00
• Ramco Industries's trailing twelve-month (TTM) dividend yield is 0.31%
• Ramco Industries's dividend growth over the last five years (2018-2023) was 14.87% year
• Ramco Industries's dividend growth over the last ten years (2013-2023) was -0.95% year
Ramco Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-09 | ₹0.75 | annually | 2024-09-15 |
2023-08-03 | ₹1.00 | annually | 2023-09-09 |
2022-08-02 | ₹1.00 | annually | 2022-09-09 |
2021-03-22 | ₹1.00 | annually | 2021-04-11 |
2020-03-11 | ₹0.50 | annually | 2020-03-16 |
2019-07-31 | ₹0.50 | annually | 2019-09-07 |
2018-07-26 | ₹0.50 | annually | 2018-09-02 |
2017-07-27 | ₹0.50 | annually | 2017-09-03 |
2016-03-18 | ₹0.50 | annually | 2016-06-01 |
2015-09-15 | ₹0.30 | annually | 2015-10-23 |
2014-07-17 | ₹0.25 | annually | |
2013-07-19 | ₹0.20 | annually | 2013-08-28 |
2013-02-15 | ₹0.90 | annually | 2013-03-15 |
Ramco Industries Dividend per year
Ramco Industries Dividend growth
Ramco Industries Dividend Yield
Ramco Industries current trailing twelve-month (TTM) dividend yield is 0.31%. Interested in purchasing Ramco Industries stock? Use our calculator to estimate your expected dividend yield:
Ramco Industries Financial Ratios
Ramco Industries Dividend FAQ
Other factors to consider when evaluating Ramco Industries 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 Industries'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 Industries 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 Industries 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 Industries 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 Industries 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 Industries 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 Industries 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 Industries'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 Industries'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.