Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally. It operates in two segments, Forging Components and Others. The company offers crown wheels/ring gears; I beams, crankshafts, connecting rods, knuckles, diff cases, center wedges, steering arms, tie rod arms, pitman arms, stub axles, recondition taper stationary plates, spides/crosses, brake flanges, brackets, wheel hubs, yokes, front engine mounting arms, tooth products, hammer bars, track links, bearing caps, counterweights, and ring gear carriers; and pinions, front hubs, prop shafts, counter shafts, rear axle shafts, coupling flanges, engaging gears, CM gears, speed gears, and clutch collars. It also provides screw couplings, bolster suspensions, side frame keys, and draw gear assemblies, as well as tour and travel services. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and oil exploration, as well as for OEMs. Ramkrishna Forgings Limited was incorporated in 1981 and is headquartered in Kolkata, India.
Ramkrishna Forgings Dividend Announcement
• Ramkrishna Forgings announced a quarterly dividend of ₹1.00 per ordinary share which will be made payable on 2024-11-23. Ex dividend date: 2024-10-31
• Ramkrishna Forgings annual dividend for 2024 was ₹2.00
• Ramkrishna Forgings annual dividend for 2023 was ₹2.00
• Ramkrishna Forgings's trailing twelve-month (TTM) dividend yield is 0.22%
Ramkrishna Forgings Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-31 | ₹1.00 | quarterly | 2024-11-23 |
2024-05-10 | ₹1.00 | quarterly | 2024-06-01 |
2023-10-30 | ₹1.00 | quarterly | 2023-11-18 |
2023-05-09 | ₹0.50 | quarterly | 2023-05-28 |
2023-01-31 | ₹0.50 | quarterly | 2023-02-19 |
2022-11-01 | ₹0.50 | quarterly | 2022-11-20 |
2022-09-08 | ₹0.20 | quarterly | 2022-10-17 |
2022-07-28 | ₹0.50 | quarterly | 2022-08-20 |
2022-01-28 | ₹0.50 | quarterly | 2022-02-17 |
2021-10-21 | ₹0.50 | quarterly | 2021-11-10 |
2021-08-05 | ₹0.50 | quarterly | 2021-08-25 |
2019-08-29 | ₹1.50 | quarterly | 2019-10-07 |
2018-09-12 | ₹1.00 | quarterly | 2018-10-22 |
2017-09-07 | ₹1.00 | quarterly | 2017-10-16 |
2016-09-15 | ₹2.00 | quarterly | 2016-10-24 |
2015-09-03 | ₹2.00 | quarterly | 2015-10-12 |
2014-06-05 | ₹1.00 | quarterly | 2014-07-17 |
2013-07-11 | ₹1.00 | quarterly | 2013-08-19 |
2012-07-19 | ₹2.00 | quarterly | 2012-08-27 |
Ramkrishna Forgings Dividend per year
Ramkrishna Forgings Dividend growth
Ramkrishna Forgings Dividend Yield
Ramkrishna Forgings current trailing twelve-month (TTM) dividend yield is 0.22%. Interested in purchasing Ramkrishna Forgings stock? Use our calculator to estimate your expected dividend yield:
Ramkrishna Forgings Financial Ratios
Ramkrishna Forgings Dividend FAQ
Other factors to consider when evaluating Ramkrishna Forgings 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: Ramkrishna Forgings'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, Ramkrishna Forgings 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, Ramkrishna Forgings 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 Ramkrishna Forgings 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: Ramkrishna Forgings 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, Ramkrishna Forgings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ramkrishna Forgings 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 Ramkrishna Forgings'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 Ramkrishna Forgings'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.