Savita Oil Technologies Limited manufactures and sells petroleum products in India. It operates through two segments, Petroleum Products and Wind Power. The company offers transformer oils, white oils, liquid paraffins, lubricating oils, petrolatum and petroleum jellies, cable filling compounds, and optic fiber compounds. It also offers waxes and wax derivatives, such as microcrystalline, polyethylene, and oxidized polyethylene waxes, as well as wax emulsions. The company markets and sells its lubricating oils under the Savsol brand name. In addition, it generates and sells wind power. The company also exports its products. The company was formerly known as Savita Chemicals Limited and changed its name to Savita Oil Technologies Limited. Savita Oil Technologies Limited was incorporated in 1961 and is headquartered in Mumbai, India.
Savita Oil Technologies Dividend Announcement
• Savita Oil Technologies announced a annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-09-17
• Savita Oil Technologies annual dividend for 2024 was ₹4.00
• Savita Oil Technologies annual dividend for 2023 was ₹4.00
• Savita Oil Technologies's trailing twelve-month (TTM) dividend yield is 0.77%
• Savita Oil Technologies's dividend growth over the last five years (2018-2023) was 9.86% year
• Savita Oil Technologies's dividend growth over the last ten years (2013-2023) was -13.72% year
Savita Oil Technologies Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | ₹4.00 | annually | 2024-10-25 |
2023-09-22 | ₹4.00 | annually | 2023-10-29 |
2022-09-20 | ₹5.00 | annually | 2022-10-29 |
2021-09-20 | ₹15.00 | annually | 2021-10-28 |
2020-03-18 | ₹20.00 | annually | 2020-04-06 |
2019-09-06 | ₹2.50 | annually | 2019-10-17 |
2018-09-19 | ₹2.50 | annually | 2018-10-29 |
2017-09-20 | ₹13.50 | annually | 2017-10-29 |
2017-03-09 | ₹13.50 | annually | 2017-03-25 |
2016-03-22 | ₹5.00 | annually | 2016-07-01 |
2015-09-03 | ₹2.50 | annually | 2015-10-12 |
2014-08-27 | ₹17.50 | annually | 2014-10-06 |
2013-08-14 | ₹17.50 | annually | 2013-09-23 |
Savita Oil Technologies Dividend per year
Savita Oil Technologies Dividend growth
Savita Oil Technologies Dividend Yield
Savita Oil Technologies current trailing twelve-month (TTM) dividend yield is 0.77%. Interested in purchasing Savita Oil Technologies stock? Use our calculator to estimate your expected dividend yield:
Savita Oil Technologies Financial Ratios
Savita Oil Technologies Dividend FAQ
Other factors to consider when evaluating Savita Oil Technologies 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: Savita Oil Technologies'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, Savita Oil Technologies 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, Savita Oil Technologies 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 Savita Oil Technologies 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: Savita Oil Technologies 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, Savita Oil Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Savita Oil Technologies 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 Savita Oil Technologies'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 Savita Oil Technologies'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.