Sanghvi Movers Limited operates as a crane rental company in India. The company provides heavy lift, plant erection, and maintenance services to various large-scale projects. It operates a fleet of 387 medium to large size hydraulic truck mounted telescopic and lattice boom cranes, and crawler cranes. The company's equipment includes crawler mounted cranes with lattice boom; truck mounted cranes with telescopic boom; truck mounted cranes with lattice boom; hydraulic multi axle modular trailers; and forklifts and carries. Its cranes are used in the erection of power plants, refineries and petro-chemicals, windmills, steel and cement plants, fertilizer plants, windmill erections, and metro projects, as well as construction applications, such as heavy lifting and maintenance services. Sanghvi Movers Limited was incorporated in 1989 and is headquartered in Pune, India.
Sanghvi Movers Dividend Announcement
• Sanghvi Movers announced a semi annually dividend of ₹6.00 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-08-20
• Sanghvi Movers annual dividend for 2024 was ₹18.00
• Sanghvi Movers annual dividend for 2023 was ₹4.00
• Sanghvi Movers's trailing twelve-month (TTM) dividend yield is 2.21%
Sanghvi Movers Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-20 | ₹6.00 | semi annually | 2024-10-03 |
2024-08-16 | ₹12.00 | semi annually | 2024-10-03 |
2023-08-04 | ₹4.00 | semi annually | 2023-09-21 |
2022-08-10 | ₹1.00 | semi annually | 2022-09-17 |
2017-07-24 | ₹4.00 | semi annually | 2017-09-08 |
2016-03-22 | ₹3.00 | semi annually | 2016-10-22 |
2015-09-07 | ₹0.50 | semi annually | 2015-10-23 |
2013-09-05 | ₹1.00 | semi annually | 2013-10-23 |
2012-09-03 | ₹3.00 | semi annually | 2012-10-17 |
2011-09-19 | ₹3.00 | semi annually | 2011-10-30 |
2010-09-16 | ₹3.00 | semi annually | 2010-10-04 |
2009-07-16 | ₹2.00 | semi annually | 2009-08-03 |
2008-07-17 | ₹3.00 | semi annually | 2008-08-08 |
Sanghvi Movers Dividend per year
Sanghvi Movers Dividend growth
Sanghvi Movers Dividend Yield
Sanghvi Movers current trailing twelve-month (TTM) dividend yield is 2.21%. Interested in purchasing Sanghvi Movers stock? Use our calculator to estimate your expected dividend yield:
Sanghvi Movers Financial Ratios
Sanghvi Movers Dividend FAQ
Other factors to consider when evaluating Sanghvi Movers 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: Sanghvi Movers'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, Sanghvi Movers 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, Sanghvi Movers 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 Sanghvi Movers 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: Sanghvi Movers 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, Sanghvi Movers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sanghvi Movers 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 Sanghvi Movers'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 Sanghvi Movers'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.