Saksoft Limited, an information technology company, provides digital transformation solutions in Europe, the United States, the Asia Pacific, and internationally. The company offers services in the areas of software product engineering, support, testing and QA, extended software delivery facility, advisory and consulting, and training. It provides modernization solutions, such as architecture design, application integration, and cloud enablement; intelligent automation solutions, including robotics process automation, data analytics, Internet of Things, machine learning/artificial intelligence, and test automation; and managed analytics solutions comprising data science and reporting/scripting solutions. In addition, the company offers managed infrastructure solutions, such as IT infrastructure operations, cloud support services, IT infrastructure monitoring operations, application and DB operations, and consulting and implementations. It serves logistics and transportation, fintech, healthcare, retail e-commerce, telecommunication, and public sectors. The company was incorporated in 1999 and is headquartered in Chennai, India.
Saksoft Dividend Announcement
• Saksoft announced a semi annually dividend of ₹0.40 per ordinary share which will be made payable on 2024-12-11. Ex dividend date: 2024-11-19
• Saksoft annual dividend for 2024 was ₹0.80
• Saksoft annual dividend for 2023 was ₹0.85
• Saksoft's trailing twelve-month (TTM) dividend yield is 0.3%
• Saksoft's dividend growth over the last five years (2018-2023) was -28.35% year
• Saksoft's dividend growth over the last ten years (2013-2023) was -8.20% year
Saksoft Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-19 | ₹0.40 | semi annually | 2024-12-11 |
2024-07-31 | ₹0.40 | semi annually | 2024-09-06 |
2023-11-16 | ₹0.50 | semi annually | 2023-12-07 |
2023-08-07 | ₹0.35 | semi annually | 2023-09-13 |
2022-11-17 | ₹0.35 | semi annually | 2022-12-10 |
2022-07-28 | ₹3.00 | semi annually | 2022-09-08 |
2021-11-17 | ₹3.00 | semi annually | 2021-12-11 |
2021-07-29 | ₹2.50 | semi annually | 2021-09-09 |
2020-11-18 | ₹2.50 | semi annually | 2020-12-06 |
2020-03-19 | ₹2.50 | semi annually | 2020-04-12 |
2019-11-22 | ₹2.00 | semi annually | 2019-12-13 |
2019-08-01 | ₹3.00 | semi annually | 2019-08-17 |
2018-11-20 | ₹1.00 | semi annually | 2018-12-11 |
2018-08-01 | ₹3.50 | semi annually | 2018-09-09 |
2017-07-27 | ₹3.00 | semi annually | 2017-09-06 |
2016-08-03 | ₹3.00 | semi annually | 2016-09-09 |
2015-09-02 | ₹2.50 | semi annually | 2015-10-09 |
2014-09-18 | ₹2.50 | semi annually | 2014-10-26 |
2013-07-25 | ₹2.00 | semi annually | 2013-09-04 |
Saksoft Dividend per year
Saksoft Dividend growth
Saksoft Dividend Yield
Saksoft current trailing twelve-month (TTM) dividend yield is 0.3%. Interested in purchasing Saksoft stock? Use our calculator to estimate your expected dividend yield:
Saksoft Financial Ratios
Saksoft Dividend FAQ
Other factors to consider when evaluating Saksoft 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: Saksoft'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, Saksoft 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, Saksoft 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 Saksoft 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: Saksoft 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, Saksoft distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saksoft 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 Saksoft'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 Saksoft'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.