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Refex Industries Limited engages in handling and disposal of fly ash from power plants in India. It operates through Coal & Ash Handling Business, Solar Power-Generation and Related Activities, Refrigerant Gases-Manufacturing (Refilling) and Sales, and Sale of Service segments. The company primarily refills hydrofluorocarbons, which are used in automobile and room air-conditioners, and refrigerating equipment. It also generates and distributes solar power; trades in coal and solar accessories; and provides coal crushing and coal yard management services. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. Refex Industries Limited was incorporated in 2002 and is based in Chennai, India.

Refex Industries Dividend Announcement

Refex Industries announced a annually dividend of ₹2.50 per ordinary share which will be made payable on . Ex dividend date: 2024-02-20
Refex Industries annual dividend for 2024 was ₹2.50
Refex Industries annual dividend for 2023 was ₹10.00
Refex Industries's trailing twelve-month (TTM) dividend yield is 0.09%

Refex Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-02-20₹2.50annually
2023-09-14₹10.00annually2023-10-26
2021-09-16₹2.50annually2021-10-30
2021-01-11₹5.00annually2021-01-28

Refex Industries Dividend per year

Refex Industries Dividend Yield

Refex Industries current trailing twelve-month (TTM) dividend yield is 0.09%. Interested in purchasing Refex Industries stock? Use our calculator to estimate your expected dividend yield:

Refex Industries Financial Ratios

P/E ratio58.11
PEG ratio0.58
P/B ratio10.67
ROE23.70%
Payout ratio0.00%
Current ratio2.57
Quick ratio2.53
Cash Ratio0.01

Refex Industries Dividend FAQ

Does Refex Industries stock pay dividends?
Refex Industries does not currently pay dividends to its shareholders.
Has Refex Industries ever paid a dividend?
No, Refex Industries has no a history of paying dividends to its shareholders. Refex Industries is not known for its dividend payments.
Why doesn't Refex Industries pay dividends?
There are several potential reasons why Refex Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Refex Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Refex Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Refex Industries a dividend aristocrat?
Refex Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Refex Industries a dividend king?
Refex Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Refex Industries a dividend stock?
No, Refex Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Refex Industries stocks?
To buy Refex Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Refex Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.