Sat Industries Limited, together with its subsidiaries, manufactures and sells stainless-steel flexible hoses and assemblies in India. It offers corrugated stainless steel, double interlock flexible metal, and composite hoses, as well as stainless steel hose assemblies. The company also manufactures and sells flexible intermediate bulk containers, polypropylene (PP), high density polyethylene (HDPE) bags, and BOPP laminated bags, as well as PP/HDPE woven fabrics. Further, the company invests in various sectors, including food-tech, ed-tech, e-commerce, hyper-local services, fin-tech, D2C, web3 and blockchain, SaaS, IoT, EV, robotics, engineering, space tech, agri-tech, gaming, digital media portal, and others. The company exports its products to the Middle East, Europe, Africa, South-East Asia, Caribbean Islands, Latin and Central America, the United States, and Australia. Sat Industries Limited was incorporated in 1984 and is headquartered in Mumbai, India.
Sat Industries Dividend Announcement
• Sat Industries announced a quarterly dividend of ₹0.15 per ordinary share which will be made payable on 2024-08-17. Ex dividend date: 2024-07-12
• Sat Industries annual dividend for 2024 was ₹0.15
• Sat Industries annual dividend for 2023 was ₹0.35
• Sat Industries's trailing twelve-month (TTM) dividend yield is 0.13%
Sat Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-12 | ₹0.15 | quarterly | 2024-08-17 |
2023-11-15 | ₹0.15 | quarterly | 2023-12-06 |
2023-07-11 | ₹0.10 | quarterly | 2023-08-11 |
2023-02-21 | ₹0.10 | quarterly | 2023-03-15 |
2022-09-08 | ₹0.15 | quarterly | 2022-10-14 |
2021-09-20 | ₹0.10 | quarterly | 2021-10-19 |
2019-09-05 | ₹0.10 | quarterly | |
2018-09-19 | ₹0.10 | quarterly | 2018-10-28 |
Sat Industries Dividend per year
Sat Industries Dividend growth
Sat Industries Dividend Yield
Sat Industries current trailing twelve-month (TTM) dividend yield is 0.13%. Interested in purchasing Sat Industries stock? Use our calculator to estimate your expected dividend yield:
Sat Industries Financial Ratios
Sat Industries Dividend FAQ
Other factors to consider when evaluating Sat Industries 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: Sat Industries'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, Sat Industries 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, Sat Industries 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 Sat Industries 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: Sat Industries 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, Sat Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sat Industries 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 Sat Industries'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 Sat Industries'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.