Solar Industries India Limited, together with its subsidiaries, engages in the manufacture and sale of industrial explosives and explosive initiating devices in India and internationally. It offers industrial explosives, such as packaged and bulk explosives; and initiating systems, including electronic, non-electric, electric, and plain detonators, as well as cord relays, cast boosters, detonating cords, and aluminum elemented det products. The company also provides defense products, including unmanned aerial systems and drones, ammunitions, military explosives, bombs and warheads, rockets, and drones armed with guided missiles, as well as counter drone systems and initiating systems and pyros comprising fuzes, detonators, ignitors, decoys and flares, and riot control devices. It primarily serves mining, defense, and infrastructure sectors. The company was formerly known as Solar Explosives Limited and changed its name to Solar Industries India Limited in February 2009. Solar Industries India Limited was founded in 1983 and is headquartered in Nagpur, India.
Solar Industries India Dividend Announcement
• Solar Industries India announced a annually dividend of ₹8.50 per ordinary share which will be made payable on 2024-08-17. Ex dividend date: 2024-07-04
• Solar Industries India annual dividend for 2024 was ₹8.50
• Solar Industries India annual dividend for 2023 was ₹8.00
• Solar Industries India's trailing twelve-month (TTM) dividend yield is 0.09%
• Solar Industries India's dividend growth over the last five years (2018-2023) was 5.92% year
• Solar Industries India's dividend growth over the last ten years (2013-2023) was -3.13% year
Solar Industries India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | ₹8.50 | annually | 2024-08-17 |
2023-06-09 | ₹8.00 | annually | 2023-06-30 |
2022-05-27 | ₹7.50 | annually | 2022-06-18 |
2021-08-18 | ₹6.00 | annually | 2021-09-30 |
2020-09-03 | ₹6.00 | annually | 2020-09-25 |
2019-07-18 | ₹7.00 | annually | 2019-08-30 |
2018-07-18 | ₹6.00 | annually | 2018-08-30 |
2017-08-09 | ₹3.00 | annually | 2017-09-20 |
2017-02-20 | ₹2.00 | annually | 2017-03-16 |
2016-03-16 | ₹13.50 | annually | 2016-10-01 |
2015-11-09 | ₹9.00 | annually | 2015-11-28 |
2015-08-27 | ₹9.00 | annually | 2015-10-09 |
2014-11-19 | ₹8.00 | annually | 2014-12-10 |
2014-08-22 | ₹7.00 | annually | 2014-10-04 |
2013-11-13 | ₹5.00 | annually | 2013-11-27 |
2013-08-30 | ₹6.00 | annually | 2013-10-11 |
Solar Industries India Dividend per year
Solar Industries India Dividend growth
Solar Industries India Dividend Yield
Solar Industries India current trailing twelve-month (TTM) dividend yield is 0.09%. Interested in purchasing Solar Industries India stock? Use our calculator to estimate your expected dividend yield:
Solar Industries India Financial Ratios
Solar Industries India Dividend FAQ
Other factors to consider when evaluating Solar Industries India 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: Solar Industries India'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, Solar Industries India 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, Solar Industries India 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 Solar Industries India 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: Solar Industries India 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, Solar Industries India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Solar Industries India 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 Solar Industries India'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 Solar Industries India'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.