RHI Magnesita India Limited manufactures and trades in refractories, monolithics, bricks, and ceramic paper for the iron and steel industry primarily in India. The company offers isostatically pressed continuous casting refractories; slide gate plate; nozzles and well blocks; tundish nozzles; and bottom purging refractories and top purging lances, as well as rendering management services. It also provides slag arresting darts; basic spray mass for tundish working linings; castables; alumina bricks; and magnesia carbon bricks. In addition, the company serves steel, cement, nonferrous metals, glass, environment and energy, foundry, and paper and pulp industry. It also exports its products to approximately 70 countries. The company was formerly known as Orient Refractories Limited and changed its name to RHI Magnesita India Limited in July 2021. The company was incorporated in 2010 and is based in Gurugram, India. RHI Magnesita India Limited is a subsidiary of Dutch US Holding B.V.
RHI Magnesita India Dividend Announcement
• RHI Magnesita India announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-10-13. Ex dividend date: 2024-09-05
• RHI Magnesita India annual dividend for 2024 was ₹2.50
• RHI Magnesita India annual dividend for 2023 was ₹2.50
• RHI Magnesita India's trailing twelve-month (TTM) dividend yield is 0.43%
• RHI Magnesita India's dividend growth over the last ten years (2013-2023) was 9.60% year
RHI Magnesita India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-05 | ₹2.50 | annually | 2024-10-13 |
2023-09-14 | ₹2.50 | annually | 2023-10-28 |
2022-09-14 | ₹2.50 | annually | 2022-10-26 |
2021-09-17 | ₹2.50 | annually | 2021-10-06 |
2020-08-07 | ₹2.50 | annually | 2020-09-04 |
2019-06-28 | ₹2.50 | annually | 2019-08-22 |
2018-08-24 | ₹2.50 | annually | 2018-10-10 |
2017-09-08 | ₹2.50 | annually | 2017-09-30 |
2016-09-12 | ₹1.45 | annually | |
2015-09-04 | ₹1.40 | annually | |
2014-09-09 | ₹1.25 | annually | |
2013-09-10 | ₹1.00 | annually |
RHI Magnesita India Dividend per year
RHI Magnesita India Dividend growth
RHI Magnesita India Dividend Yield
RHI Magnesita India current trailing twelve-month (TTM) dividend yield is 0.43%. Interested in purchasing RHI Magnesita India stock? Use our calculator to estimate your expected dividend yield:
RHI Magnesita India Financial Ratios
RHI Magnesita India Dividend FAQ
Other factors to consider when evaluating RHI Magnesita India 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: RHI Magnesita India'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, RHI Magnesita India 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, RHI Magnesita India 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 RHI Magnesita India 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: RHI Magnesita India 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, RHI Magnesita India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RHI Magnesita India 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 RHI Magnesita India'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 RHI Magnesita India'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.