Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless steel products comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. It also provides nickel alloy seamless heat exchanger tubes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers coating solutions comprising external three layer polyethylene/polypropylene coating and dual layer fusion bonded epoxy coating products; and internal coating solutions, such as food grade epoxy / polyurethane / coal tar epoxy / cement lining, and other prevalent coatings. Further, it is also involved in the generation of power by windmills. The company serves oil and gas, thermal power, chemical, fertilizer, sugar, paper, automobile, aeronautics, refinery, nuclear power, petrochemical, water distribution, food and dairy, pharmaceutical, defense, infrastructure, ship building, pumping station, and space industries. The company was incorporated in 1983 and is based in Ahmedabad, India.
Ratnamani Metals & Tubes Dividend Announcement
• Ratnamani Metals & Tubes announced a annually dividend of ₹14.00 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-08-20
• Ratnamani Metals & Tubes annual dividend for 2024 was ₹14.00
• Ratnamani Metals & Tubes annual dividend for 2023 was ₹12.00
• Ratnamani Metals & Tubes's trailing twelve-month (TTM) dividend yield is 0.41%
• Ratnamani Metals & Tubes's dividend growth over the last five years (2018-2023) was 14.87% year
• Ratnamani Metals & Tubes's dividend growth over the last ten years (2013-2023) was 11.61% year
Ratnamani Metals & Tubes Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-20 | ₹14.00 | annually | 2024-09-26 |
2023-07-27 | ₹12.00 | annually | 2023-09-02 |
2022-08-01 | ₹9.33 | annually | 2022-09-08 |
2021-09-17 | ₹14.00 | annually | 2021-10-26 |
2020-03-17 | ₹12.00 | annually | 2020-04-04 |
2019-08-01 | ₹9.00 | annually | 2019-09-08 |
2018-08-01 | ₹6.00 | annually | 2018-09-08 |
2017-09-04 | ₹5.50 | annually | 2017-10-12 |
2016-03-17 | ₹5.50 | annually | 2016-04-11 |
2015-09-15 | ₹5.50 | annually | 2015-10-23 |
2014-09-04 | ₹4.50 | annually | 2014-10-11 |
2013-08-01 | ₹4.00 | annually | 2013-09-11 |
Ratnamani Metals & Tubes Dividend per year
Ratnamani Metals & Tubes Dividend growth
Ratnamani Metals & Tubes Dividend Yield
Ratnamani Metals & Tubes current trailing twelve-month (TTM) dividend yield is 0.41%. Interested in purchasing Ratnamani Metals & Tubes stock? Use our calculator to estimate your expected dividend yield:
Ratnamani Metals & Tubes Financial Ratios
Ratnamani Metals & Tubes Dividend FAQ
Other factors to consider when evaluating Ratnamani Metals & Tubes 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: Ratnamani Metals & Tubes'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, Ratnamani Metals & Tubes 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, Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes 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: Ratnamani Metals & Tubes 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, Ratnamani Metals & Tubes distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ratnamani Metals & Tubes 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 Ratnamani Metals & Tubes'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 Ratnamani Metals & Tubes'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.