Shree Digvijay Cement Company Limited, together with its subsidiary, engages in the manufacturing and selling cement in India. It offers ordinary Portland cement, Portland Pozzolana cement, sulphate resisting Portland cement, oil well cement, and other special cements under the KAMAL CEMENT and CEMENT KA SARDAR brands. The company is also involved in the transportation, warehousing, fulfillment, business intelligence, logistics, technology, and supply chain solutions; and provision of break-bulk cargo import and export, chartering and freight forwarding solutions, and commodity trading services. In addition, it provides value added services, which include concrete mix design and cube testing facility services; non-destructive testing of concrete and testing facilities for building materials; training programs for masons, site supervisors, and engineers on good construction practices; mobile concrete lab services; field visits by qualified civil engineers; educating individual household builders on various aspects of building material and construction; and other services. The company was founded in 1942 and is based in Jamnagar, India. Shree Digvijay Cement Company Limited is a subsidiary of True North Fund VI LLP.
Shree Digvijay Cement Dividend Announcement
• Shree Digvijay Cement announced a annually dividend of ₹3.00 per ordinary share which will be made payable on 2024-08-25. Ex dividend date: 2024-07-19
• Shree Digvijay Cement annual dividend for 2024 was ₹3.00
• Shree Digvijay Cement annual dividend for 2023 was ₹2.50
• Shree Digvijay Cement's trailing twelve-month (TTM) dividend yield is 3.32%
Shree Digvijay Cement Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-19 | ₹3.00 | annually | 2024-08-25 |
2023-06-21 | ₹2.50 | annually | 2023-07-06 |
2022-11-01 | ₹1.50 | annually | 2022-11-20 |
2022-06-10 | ₹2.00 | annually | 2022-06-27 |
2021-11-02 | ₹1.50 | annually | 2021-11-26 |
2021-06-10 | ₹2.50 | annually | 2021-06-25 |
2020-06-22 | ₹1.50 | annually | 2020-07-03 |
Shree Digvijay Cement Dividend per year
Shree Digvijay Cement Dividend growth
Shree Digvijay Cement Dividend Yield
Shree Digvijay Cement current trailing twelve-month (TTM) dividend yield is 3.32%. Interested in purchasing Shree Digvijay Cement stock? Use our calculator to estimate your expected dividend yield:
Shree Digvijay Cement Financial Ratios
Shree Digvijay Cement Dividend FAQ
Other factors to consider when evaluating Shree Digvijay Cement 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: Shree Digvijay Cement'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, Shree Digvijay Cement 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, Shree Digvijay Cement 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 Shree Digvijay Cement 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: Shree Digvijay Cement 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, Shree Digvijay Cement distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shree Digvijay Cement 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 Shree Digvijay Cement'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 Shree Digvijay Cement'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.