RMC Switchgears Ltd. engages in the switch gear engineering and construction contracts for power distribution and transmission sector. It operates through Power segment. The company was founded on August 23, 1994 and is headquartered in Jaipur, India.
RMC Switchgears Dividend Announcement
• RMC Switchgears announced a annually dividend of ₹0.20 per ordinary share which will be made payable on 2023-12-05. Ex dividend date: 2023-11-21
• RMC Switchgears's trailing twelve-month (TTM) dividend yield is 0.03%
• RMC Switchgears's payout ratio for the trailing twelve months (TTM) is 1.09%
RMC Switchgears Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-11-21 | ₹0.20 | annually | 2023-12-05 |
RMC Switchgears Dividend per year
RMC Switchgears Dividend Yield
RMC Switchgears current trailing twelve-month (TTM) dividend yield is 0.03%. Interested in purchasing RMC Switchgears stock? Use our calculator to estimate your expected dividend yield:
RMC Switchgears Financial Ratios
P/E ratio41.09
PEG ratio0.41
P/B ratio12.87
ROE33.14%
Payout ratio1.09%
Current ratio1.64
Quick ratio1.51
Cash Ratio0.03
RMC Switchgears Dividend FAQ
Does RMC Switchgears stock pay dividends?
RMC Switchgears does not currently pay dividends to its shareholders.
Has RMC Switchgears ever paid a dividend?
No, RMC Switchgears has no a history of paying dividends to its shareholders. RMC Switchgears is not known for its dividend payments.
Why doesn't RMC Switchgears pay dividends?
There are several potential reasons why RMC Switchgears 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.
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 RMC Switchgears 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 RMC Switchgears 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 RMC Switchgears a dividend aristocrat?
RMC Switchgears 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 RMC Switchgears a dividend king?
RMC Switchgears 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 RMC Switchgears a dividend stock?
No, RMC Switchgears 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 RMC Switchgears stocks?
To buy RMC Switchgears 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 RMC Switchgears 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.
Place an order: Use the brokerage's trading platform to place an order to buy RMC Switchgears 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.