Shanthi Gears Limited designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally. The company provides helical and bevel helical, worm, extruder, and cooling tower gear boxes, as well as geared motors. It also offers gears and pinions comprising spur / helical gears, worm spares, bevel gears, and internal gears; special gearboxes; and iron, iron castings, phosphor bronze, aluminum bronze, leaded bronze, and copper alloy castings. In addition, the company provides installation support, refurbishment, and on-site services; and engages in the exporting activities. Its products are used in steel, cement, paper, sugar, crane and material handling, power, rubber and plastics, off-highway and mining, process, compressor, railway, textile, and aerospace applications. The company was founded in 1960 and is based in Coimbatore, India. Shanthi Gears Limited is a subsidiary of Tube Investments of India Limited.
Shanthi Gears Dividend Announcement
• Shanthi Gears announced a semi annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-07-19
• Shanthi Gears annual dividend for 2024 was ₹5.00
• Shanthi Gears annual dividend for 2023 was ₹5.00
• Shanthi Gears's trailing twelve-month (TTM) dividend yield is 0.99%
• Shanthi Gears's dividend growth over the last five years (2018-2023) was 37.97% year
• Shanthi Gears's dividend growth over the last ten years (2013-2023) was 23.62% year
Shanthi Gears Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-19 | ₹2.00 | semi annually | 2024-08-28 |
2024-02-09 | ₹3.00 | semi annually | |
2023-07-14 | ₹2.00 | semi annually | 2023-08-25 |
2023-02-08 | ₹3.00 | semi annually | 2023-02-23 |
2022-02-14 | ₹2.50 | semi annually | 2022-02-28 |
2021-02-22 | ₹1.50 | semi annually | 2021-03-12 |
2020-03-11 | ₹2.00 | semi annually | 2020-03-17 |
2019-07-11 | ₹1.00 | semi annually | 2019-08-22 |
2019-01-04 | ₹5.00 | semi annually | 2019-01-18 |
2018-02-15 | ₹1.00 | semi annually | 2018-02-26 |
2017-07-13 | ₹0.75 | semi annually | 2017-08-25 |
2016-02-08 | ₹0.50 | semi annually | 2016-02-12 |
2015-02-12 | ₹0.50 | semi annually | 2015-08-29 |
2014-02-06 | ₹1.00 | semi annually | 2014-02-26 |
2013-07-11 | ₹0.60 | semi annually | 2013-08-23 |
Shanthi Gears Dividend per year
Shanthi Gears Dividend growth
Shanthi Gears Dividend Yield
Shanthi Gears current trailing twelve-month (TTM) dividend yield is 0.99%. Interested in purchasing Shanthi Gears stock? Use our calculator to estimate your expected dividend yield:
Shanthi Gears Financial Ratios
Shanthi Gears Dividend FAQ
Other factors to consider when evaluating Shanthi Gears 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: Shanthi Gears'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, Shanthi Gears 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, Shanthi Gears 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 Shanthi Gears 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: Shanthi Gears 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, Shanthi Gears distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shanthi Gears 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 Shanthi Gears'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 Shanthi Gears'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.