Rico Auto Industries Limited, an engineering company, manufactures and supplies high precision fully machined aluminum, and ferrous components and assemblies to automotive original equipment manufacturers worldwide. Its integrated services include the design, development, tooling, casting, machining, assembly, and research and development of aluminum and ferrous products. The company offers oil pump assemblies, fuel system parts, lube oil filter heads, exhaust manifolds, turbine housings, center housings, back plates, crank cases and covers, cylinder head covers, oil pans, intake manifold covers, front covers, valve covers, side covers, balance shafts assemblies, gear housings, and main bearing caps, as well as water, air connections, and pressure plates. It also provides flywheels, timing cases, oil filter adaptors, engine brackets, cylinder blocks, cylinder heads, clutch assemblies, automatic transmission bracket assemblies, differential case housings, gear shifts forks, wheel hubs assemblies, brake panel assemblies, brake discs, drums, and steering knuckles. In addition, the company offers tank track shoe, fuze body, and fuze assembly products, as well as aluminum alloy wheels. It serves two wheeler, three wheeler, passenger car, and commercial vehicle customers, as well as system suppliers. Rico Auto Industries Limited was incorporated in 1983 and is based in Gurugram, India.
Rico Auto Industries Dividend Announcement
• Rico Auto Industries announced a annually dividend of ₹0.60 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-20
• Rico Auto Industries annual dividend for 2024 was ₹0.60
• Rico Auto Industries annual dividend for 2023 was ₹0.75
• Rico Auto Industries's trailing twelve-month (TTM) dividend yield is 0.69%
• Rico Auto Industries's dividend growth over the last five years (2018-2023) was -1.28% year
• Rico Auto Industries's dividend growth over the last ten years (2013-2023) was 17.46% year
Rico Auto Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹0.60 | annually | 2024-10-27 |
2023-09-22 | ₹0.75 | annually | 2023-10-29 |
2022-09-22 | ₹0.40 | annually | 2022-10-30 |
2021-09-22 | ₹0.20 | annually | 2021-10-30 |
2020-11-04 | ₹0.30 | annually | 2020-12-12 |
2019-09-20 | ₹0.40 | annually | 2019-10-30 |
2019-02-21 | ₹0.40 | annually | 2019-03-11 |
2018-09-19 | ₹0.40 | annually | 2018-10-29 |
2018-02-21 | ₹0.40 | annually | 2018-03-09 |
2017-09-14 | ₹0.75 | annually | 2017-10-22 |
2016-09-15 | ₹0.10 | annually | 2016-10-23 |
2016-03-17 | ₹0.50 | annually | 2016-03-28 |
2015-09-21 | ₹2.00 | annually | 2015-10-29 |
2015-02-25 | ₹1.00 | annually | 2015-03-14 |
2014-09-18 | ₹0.10 | annually | 2014-10-06 |
2013-09-19 | ₹0.15 | annually | 2013-10-30 |
Rico Auto Industries Dividend per year
Rico Auto Industries Dividend growth
Rico Auto Industries Dividend Yield
Rico Auto Industries current trailing twelve-month (TTM) dividend yield is 0.69%. Interested in purchasing Rico Auto Industries stock? Use our calculator to estimate your expected dividend yield:
Rico Auto Industries Financial Ratios
Rico Auto Industries Dividend FAQ
Other factors to consider when evaluating Rico Auto 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: Rico Auto 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, Rico Auto 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, Rico Auto 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 Rico Auto 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: Rico Auto 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, Rico Auto 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: Rico Auto 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 Rico Auto 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 Rico Auto 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.