Shankara Building Products Limited operates as a retailer of home improvement and building products in India. It operates through Retail, Channel, and Enterprise segments. The company offers structural steel products, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing products, tiles, sanitary ware, water tanks, plywood, kitchen sinks, and lighting, flooring, electricals, interior-exterior finishing, irrigation, and other allied products. It also processes roofing sheets, steel pipes and tubes, cold rolled strips, and color coated roofing sheets, as well as operates as general hardware and wholesale traders. The company serves homeowners, professional customers, and small enterprises; end users, contractors, and OEMs; and other dealers and retailers. As of June 10, 2022, it operated 91 Shankara Buildpro brand stores. The company was formerly known as Shankara Infrastructure Materials Limited and changed its name to Shankara Building Products Limited in July 2006. Shankara Building Products Limited was incorporated in 1995 and is headquartered in Bengaluru, India.
Shankara Building Products Dividend Announcement
• Shankara Building Products announced a annually dividend of ₹3.00 per ordinary share which will be made payable on 2024-07-21. Ex dividend date: 2024-06-13
• Shankara Building Products annual dividend for 2024 was ₹3.00
• Shankara Building Products annual dividend for 2023 was ₹2.50
• Shankara Building Products's trailing twelve-month (TTM) dividend yield is 0.63%
Shankara Building Products Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ₹3.00 | annually | 2024-07-21 |
2023-06-14 | ₹2.50 | annually | 2023-07-22 |
2022-07-13 | ₹1.00 | annually | 2022-08-21 |
2020-03-23 | ₹2.00 | annually | 2020-04-12 |
2019-06-20 | ₹1.50 | annually | 2019-07-25 |
2018-06-07 | ₹3.25 | annually | 2018-07-12 |
2017-07-17 | ₹2.75 | annually | 2017-08-20 |
Shankara Building Products Dividend per year
Shankara Building Products Dividend growth
Shankara Building Products Dividend Yield
Shankara Building Products current trailing twelve-month (TTM) dividend yield is 0.63%. Interested in purchasing Shankara Building Products stock? Use our calculator to estimate your expected dividend yield:
Shankara Building Products Financial Ratios
Shankara Building Products Dividend FAQ
Other factors to consider when evaluating Shankara Building Products 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: Shankara Building Products'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, Shankara Building Products 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, Shankara Building Products 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 Shankara Building Products 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: Shankara Building Products 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, Shankara Building Products distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shankara Building Products 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 Shankara Building Products'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 Shankara Building Products'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.