Saregama India Limited engages in the sound recording and publishing business in India and internationally. The company operates through Music, Films/TV Serials, and Publication segments. The Music segment manufactures and sells music storage devices, such as carvaan, mini carvaan, music cards, audio compact discs, digital versatile discs, etc., as well as deals with related music rights. The Films/TV Serials segment produces, sells, telecasts, and broadcasts films, TV serials, and pre-recorded programs, as well as deals in film rights. The Publication segment publishes OPEN, a weekly current affairs magazine. The company was formerly known as Gramophone Company of India Ltd. The company was founded in 1901 and is headquartered in Mumbai, India. Saregama India Limited is a subsidiary of Composure Services Private Limited.
Saregama India Dividend Announcement
• Saregama India announced a annually dividend of ₹4.00 per ordinary share which will be made payable on . Ex dividend date: 2024-02-21
• Saregama India annual dividend for 2024 was ₹4.00
• Saregama India annual dividend for 2023 was ₹3.00
• Saregama India's trailing twelve-month (TTM) dividend yield is 0.75%
• Saregama India's dividend growth over the last ten years (2013-2023) was 7.18% year
Saregama India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-02-21 | ₹4.00 | annually | |
2023-02-02 | ₹3.00 | annually | 2023-02-19 |
2022-01-31 | ₹30.00 | annually | 2022-02-18 |
2021-04-05 | ₹20.00 | annually | 2021-04-12 |
2020-08-03 | ₹1.50 | annually | 2020-09-10 |
2019-07-11 | ₹3.00 | annually | 2019-08-18 |
2018-07-19 | ₹3.00 | annually | 2018-08-26 |
2017-07-20 | ₹1.50 | annually | 2017-08-27 |
2016-07-14 | ₹1.50 | annually | 2016-08-21 |
2015-07-22 | ₹1.50 | annually | 2015-08-30 |
2014-07-22 | ₹1.50 | annually | 2014-08-29 |
2013-07-18 | ₹1.50 | annually | 2013-08-25 |
Saregama India Dividend per year
Saregama India Dividend growth
Saregama India Dividend Yield
Saregama India current trailing twelve-month (TTM) dividend yield is 0.75%. Interested in purchasing Saregama India stock? Use our calculator to estimate your expected dividend yield:
Saregama India Financial Ratios
Saregama India Dividend FAQ
Other factors to consider when evaluating Saregama India 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: Saregama India'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, Saregama India 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, Saregama India 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 Saregama India 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: Saregama India 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, Saregama India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saregama India 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 Saregama India'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 Saregama India'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.