Table of Contents

company-logo

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 dateDividend amountDividend typePay date
2024-07-19₹3.00annually2024-08-25
2023-06-21₹2.50annually2023-07-06

Shree Digvijay Cement Dividend per year

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

P/E ratio16.27
PEG ratio1.14
P/B ratio3.49
ROE46.97%
Payout ratio0.00%
Current ratio1.99
Quick ratio1.02
Cash Ratio0.10

Shree Digvijay Cement Dividend FAQ

Does Shree Digvijay Cement stock pay dividends?
Shree Digvijay Cement does not currently pay dividends to its shareholders.
Has Shree Digvijay Cement ever paid a dividend?
No, Shree Digvijay Cement has no a history of paying dividends to its shareholders. Shree Digvijay Cement is not known for its dividend payments.
Why doesn't Shree Digvijay Cement pay dividends?
There are several potential reasons why Shree Digvijay Cement would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Shree Digvijay Cement ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Shree Digvijay Cement has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Shree Digvijay Cement a dividend aristocrat?
Shree Digvijay Cement is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Shree Digvijay Cement a dividend king?
Shree Digvijay Cement is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Shree Digvijay Cement a dividend stock?
No, Shree Digvijay Cement is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Shree Digvijay Cement stocks?
To buy Shree Digvijay Cement you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Shree Digvijay Cement stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.