Snowman Logistics Limited provides temperature-controlled logistics services in India. It operates through three segments: Warehousing Services, Transportation Services, and Consignment Agency Services. The company offers warehousing solutions and services, including ambient, chilled, frozen, and blast freezing facilities. It also provides primary transportation services, such as door-to-door, customized milk run, and part cargo consolidation services; and secondary transportation services comprising last mile distribution. The company operates a fleet of approximately 289 refrigerated vehicles. In addition, it offers retail distribution through a consignment agency services. Further, the company offers value added services, which include kitting, labelling, sorting, stuffing, and de-stuffing of containers, repacking, and bulk breaking; and sorts, grades, packs, and washes selected fruits and vegetables. It serves pharmaceuticals, meat and poultry, seafood, fruits and vegetables, ice cream, confectionery, dairy products, QSRs, ready-to-eat, and processed foods industries. The company was formerly known as Snowman Frozen Foods Limited and changed its name to Snowman Logistics Limited in March 2011. Snowman Logistics Limited was incorporated in 1993 and is based in Bengaluru, India.
Snowman Logistics Dividend Announcement
• Snowman Logistics announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-09-07. Ex dividend date: 2024-08-21
• Snowman Logistics annual dividend for 2024 was ₹1.00
• Snowman Logistics annual dividend for 2023 was ₹1.00
• Snowman Logistics's trailing twelve-month (TTM) dividend yield is 1.3%
Snowman Logistics Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-21 | ₹1.00 | annually | 2024-09-07 |
2023-08-11 | ₹1.00 | annually | 2023-08-31 |
2022-08-05 | ₹0.75 | annually | 2022-08-31 |
2015-07-27 | ₹0.50 | annually | 2015-09-04 |
Snowman Logistics Dividend per year
Snowman Logistics Dividend growth
Snowman Logistics Dividend Yield
Snowman Logistics current trailing twelve-month (TTM) dividend yield is 1.3%. Interested in purchasing Snowman Logistics stock? Use our calculator to estimate your expected dividend yield:
Snowman Logistics Financial Ratios
Snowman Logistics Dividend FAQ
Other factors to consider when evaluating Snowman Logistics 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: Snowman Logistics'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, Snowman Logistics 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, Snowman Logistics 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 Snowman Logistics 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: Snowman Logistics 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, Snowman Logistics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Snowman Logistics 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 Snowman Logistics'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 Snowman Logistics'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.