Soma Textiles & Industries Limited manufactures and sells textile fabrics in India. It offers cotton yarn, shirting, denim fabrics, garments, and piece-dyed fabrics. The company was formerly known as R.B. Rodda & Co. Ltd. and changed its name to Soma Textiles & Industries Limited in January 1992. Soma Textiles & Industries Limited was incorporated in 1940 and is headquartered in Ahmedabad, India.
Soma Textiles & Industries Dividend Announcement
• Soma Textiles & Industries announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 1998-10-01. Ex dividend date: 1998-08-03
• Soma Textiles & Industries's trailing twelve-month (TTM) dividend yield is -%
Soma Textiles & Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 1998-08-03 | ₹0.50 | annually | 1998-10-01 |
| 1997-08-19 | ₹0.50 | annually | 1997-10-01 |
Soma Textiles & Industries Dividend per year
Soma Textiles & Industries Dividend Yield
Soma Textiles & Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Soma Textiles & Industries stock? Use our calculator to estimate your expected dividend yield:
Soma Textiles & Industries Financial Ratios
P/E ratio6.82
PEG ratio0.04
P/B ratio1.69
ROE26.60%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Soma Textiles & Industries Dividend FAQ
Does Soma Textiles & Industries stock pay dividends?
Soma Textiles & Industries does not currently pay dividends to its shareholders.
Has Soma Textiles & Industries ever paid a dividend?
No, Soma Textiles & Industries has no a history of paying dividends to its shareholders. Soma Textiles & Industries is not known for its dividend payments.
Why doesn't Soma Textiles & Industries pay dividends?
There are several potential reasons why Soma Textiles & Industries 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.
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 Soma Textiles & Industries 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 Soma Textiles & Industries 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 Soma Textiles & Industries a dividend aristocrat?
Soma Textiles & Industries 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 Soma Textiles & Industries a dividend king?
Soma Textiles & Industries 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 Soma Textiles & Industries a dividend stock?
No, Soma Textiles & Industries 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 Soma Textiles & Industries stocks?
To buy Soma Textiles & Industries 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 Soma Textiles & Industries 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.
Place an order: Use the brokerage's trading platform to place an order to buy Soma Textiles & Industries 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.