Sanghi Industries Limited manufactures and markets cement and cement products in India and internationally. It provides ordinary Portland, Portland Pozzolana, and Portland slag cement; and ready mix concrete and clinker. The company was incorporated in 1985 and is based in Ahmedabad, India.
Sanghi Industries Dividend Announcement
• Sanghi Industries announced a annually dividend of ₹0.51 per ordinary share which will be made payable on 1997-04-01. Ex dividend date: 1997-02-28
• Sanghi Industries's trailing twelve-month (TTM) dividend yield is -%
Sanghi Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 1997-02-28 | ₹0.51 | annually | 1997-04-01 |
| 1996-04-02 | ₹0.76 | annually |
Sanghi Industries Dividend per year
Sanghi Industries Dividend Yield
Sanghi Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sanghi Industries stock? Use our calculator to estimate your expected dividend yield:
Sanghi Industries Financial Ratios
P/E ratio-4.13
PEG ratio6.05
P/B ratio2.53
ROE-46.16%
Payout ratio0.00%
Current ratio1.49
Quick ratio1.13
Cash Ratio0.16
Sanghi Industries Dividend FAQ
Does Sanghi Industries stock pay dividends?
Sanghi Industries does not currently pay dividends to its shareholders.
Has Sanghi Industries ever paid a dividend?
No, Sanghi Industries has no a history of paying dividends to its shareholders. Sanghi Industries is not known for its dividend payments.
Why doesn't Sanghi Industries pay dividends?
There are several potential reasons why Sanghi Industries 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 Sanghi Industries 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 Sanghi Industries 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 Sanghi Industries a dividend aristocrat?
Sanghi Industries 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 Sanghi Industries a dividend king?
Sanghi Industries 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 Sanghi Industries a dividend stock?
No, Sanghi Industries 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 Sanghi Industries stocks?
To buy Sanghi Industries 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 Sanghi Industries 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 Sanghi Industries 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.