Remsons Industries Limited engages in the manufacture and sale of automotive components parts and its products in India. It offers clutch, accelerator/throttle/gasoline, front and rear parking brake, shift and reverse gear, choke, engine stop, speedometer, fare meter, de-compressor, body cables, HVAC cables, door cables, pull-to-stop cables, drive change, and seat cables for use in two, three, and four wheelers; and light, medium, and heavy commercial vehicles, as well as in construction, mining, and farm equipment. The company also provides flexible shafts that are used in speedometers, tachometers, power tools/machineries, power seats, and farm and earth moving equipment; gear shift systems and push pull cables, which are used in passenger cars and rear engine buses, as well as in light, medium, and heavy commercial vehicles. In addition, it offers winch assembly, jack kit, pedal box assembly, and parking box assembly products. The company exports its products to the United Kingdom, France, Mexico, the United States, Germany, Austria, Sweden, Italy, Spain, Turkey, Nepal, Sri Lanka, Bangladesh, Brazil, Kenya, Bhutan, Singapore, and the United Arab Emirates. Remsons Industries Limited was founded in 1959 and is headquartered in Mumbai, India.
Remsons Industries Dividend Announcement
• Remsons Industries announced a annually dividend of ₹0.30 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
• Remsons Industries annual dividend for 2024 was ₹0.30
• Remsons Industries annual dividend for 2023 was ₹1.50
• Remsons Industries's trailing twelve-month (TTM) dividend yield is 0.19%
• Remsons Industries's dividend growth over the last five years (2018-2023) was 2.90% year
Remsons Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | ₹0.30 | annually | 2024-10-20 |
2023-09-08 | ₹1.50 | annually | 2023-10-15 |
2022-09-20 | ₹1.00 | annually | 2022-10-28 |
2021-09-21 | ₹1.00 | annually | 2021-10-30 |
2020-03-13 | ₹1.50 | annually | 2020-04-02 |
2019-09-05 | ₹1.50 | annually | 2019-10-14 |
2018-09-14 | ₹1.30 | annually | 2018-10-24 |
2004-07-14 | ₹1.20 | annually | |
2003-09-19 | ₹1.20 | annually |
Remsons Industries Dividend per year
Remsons Industries Dividend growth
Remsons Industries Dividend Yield
Remsons Industries current trailing twelve-month (TTM) dividend yield is 0.19%. Interested in purchasing Remsons Industries stock? Use our calculator to estimate your expected dividend yield:
Remsons Industries Financial Ratios
Remsons Industries Dividend FAQ
Other factors to consider when evaluating Remsons 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: Remsons 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, Remsons 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, Remsons 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 Remsons 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: Remsons 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, Remsons 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: Remsons 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 Remsons 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 Remsons 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.