Somany Ceramics Limited engages in the manufacture and sale of ceramic tiles and related products in India. It offers ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitaryware, and bath fittings, as well as tile laying solutions. The company provides its products under the Somany Duragress, Somany Durastone, Somany Glostra, Somany Vistoso, Somany Vitro, Somany Slipshield, Somany VC Shield, Somany Signature, and Somany French Collection brands. It serves banks, corporates, defense, developers, educational institutions, hospitals, hotels, IT, malls, residential complexes, retails. The company also exports its products. It operates through a network of 10,000 touchpoints, which comprises 3,000 dealers and 383 showrooms. The company was incorporated in 1968 and is headquartered in Noida, India.
Somany Ceramics Dividend Announcement
• Somany Ceramics announced a annually dividend of ₹3.00 per ordinary share which will be made payable on 2024-09-11. Ex dividend date: 2024-08-05
• Somany Ceramics annual dividend for 2024 was ₹3.00
• Somany Ceramics annual dividend for 2023 was ₹3.00
• Somany Ceramics's trailing twelve-month (TTM) dividend yield is 0.46%
• Somany Ceramics's dividend growth over the last five years (2018-2023) was 2.13% year
• Somany Ceramics's dividend growth over the last ten years (2013-2023) was 9.60% year
Somany Ceramics Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | ₹3.00 | annually | 2024-09-11 |
2023-08-18 | ₹3.00 | annually | 2023-09-23 |
2022-09-15 | ₹3.00 | annually | 2022-10-23 |
2021-03-24 | ₹2.40 | annually | 2021-04-16 |
2020-03-19 | ₹2.00 | annually | 2020-04-12 |
2019-08-01 | ₹2.00 | annually | 2019-08-23 |
2018-08-14 | ₹2.70 | annually | 2018-09-04 |
2017-08-09 | ₹2.70 | annually | 2017-08-30 |
2016-08-19 | ₹2.30 | annually | 2016-09-07 |
2015-08-14 | ₹2.00 | annually | 2015-10-05 |
2014-08-13 | ₹1.50 | annually | |
2013-08-14 | ₹1.20 | annually | 2013-10-02 |
Somany Ceramics Dividend per year
Somany Ceramics Dividend growth
Somany Ceramics Dividend Yield
Somany Ceramics current trailing twelve-month (TTM) dividend yield is 0.46%. Interested in purchasing Somany Ceramics stock? Use our calculator to estimate your expected dividend yield:
Somany Ceramics Financial Ratios
Somany Ceramics Dividend FAQ
Other factors to consider when evaluating Somany Ceramics 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: Somany Ceramics'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, Somany Ceramics 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, Somany Ceramics 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 Somany Ceramics 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: Somany Ceramics 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, Somany Ceramics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Somany Ceramics 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 Somany Ceramics'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 Somany Ceramics'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.