Rane Brake Lining Limited manufactures and markets auto components to original equipment manufacturers and aftermarket customers in India and internationally. It offers friction material products, such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes, and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two wheelers, and railways. The company was formerly known as Rane Brake Products Limited and changed its name to Rane Brake Lining Limited in February 2008. The company was founded in 1929 and is headquartered in Chennai, India.
Rane Brake Lining Dividend Announcement
• Rane Brake Lining announced a annually dividend of ₹30.00 per ordinary share which will be made payable on 2024-07-31. Ex dividend date: 2024-07-15
• Rane Brake Lining annual dividend for 2024 was ₹30.00
• Rane Brake Lining annual dividend for 2023 was ₹25.00
• Rane Brake Lining's trailing twelve-month (TTM) dividend yield is 2.96%
• Rane Brake Lining's dividend growth over the last five years (2018-2023) was 10.03% year
• Rane Brake Lining's dividend growth over the last ten years (2013-2023) was 20.11% year
Rane Brake Lining Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-15 | ₹30.00 | annually | 2024-07-31 |
2023-07-17 | ₹25.00 | annually | 2023-08-03 |
2022-06-20 | ₹20.00 | annually | 2022-07-07 |
2021-07-16 | ₹25.00 | annually | 2021-08-04 |
2020-07-28 | ₹11.00 | annually | 2020-08-11 |
2020-02-03 | ₹6.00 | annually | 2020-02-12 |
2019-07-17 | ₹9.00 | annually | 2019-07-30 |
2019-02-06 | ₹6.50 | annually | 2019-02-15 |
2018-07-16 | ₹9.00 | annually | 2018-08-01 |
2018-02-07 | ₹6.50 | annually | 2018-02-19 |
2017-08-14 | ₹9.00 | annually | 2017-08-30 |
2017-02-01 | ₹6.00 | annually | 2017-02-19 |
2016-03-17 | ₹10.00 | annually | 2016-03-23 |
2015-07-09 | ₹7.00 | annually | 2015-07-27 |
2014-07-10 | ₹7.50 | annually | |
2013-07-18 | ₹2.00 | annually | 2013-07-30 |
2013-01-31 | ₹2.00 | annually | 2013-02-21 |
Rane Brake Lining Dividend per year
Rane Brake Lining Dividend growth
Rane Brake Lining Dividend Yield
Rane Brake Lining current trailing twelve-month (TTM) dividend yield is 2.96%. Interested in purchasing Rane Brake Lining stock? Use our calculator to estimate your expected dividend yield:
Rane Brake Lining Financial Ratios
Rane Brake Lining Dividend FAQ
Other factors to consider when evaluating Rane Brake Lining 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: Rane Brake Lining'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, Rane Brake Lining 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, Rane Brake Lining 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 Rane Brake Lining 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: Rane Brake Lining 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, Rane Brake Lining distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Rane Brake Lining 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 Rane Brake Lining'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 Rane Brake Lining'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.