Sona BLW Precision Forgings Limited designs, manufactures, and supplies systems and components for the automotive industry in India and internationally. The company offers traction motors, controllers, differential bevel gears, differential assemblies, spool gears, integrated motor controller modules, drive motors, hub wheel motors, e-axles, starter motors, belt starter generators, reverse idlers, portal axle gears, couplings/sleeves, conventional and micro-hybrid starter motors, BSG systems, epicyclic geartrains/gears, inter-axle gear sets, EV traction motors, and motor control units. Its products are used in passenger and commercial, as well as off-highway vehicles; and conventional and electric cars, and two and three wheelers. The company was formerly known as Sona Okegawa Precision Forgings Ltd. and changed its name to Sona BLW Precision Forgings Limited in 2013. The company was incorporated in 1995 and is headquartered in Gurugram, India.
Sona BLW Precision Forgings Dividend Announcement
• Sona BLW Precision Forgings announced a semi annually dividend of ₹1.53 per ordinary share which will be made payable on 2024-07-28. Ex dividend date: 2024-06-14
• Sona BLW Precision Forgings annual dividend for 2024 was ₹3.06
• Sona BLW Precision Forgings annual dividend for 2023 was ₹2.81
• Sona BLW Precision Forgings's trailing twelve-month (TTM) dividend yield is 0.46%
• Sona BLW Precision Forgings's payout ratio for the trailing twelve months (TTM) is 15.82%
Sona BLW Precision Forgings Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ₹1.53 | semi annually | 2024-07-28 |
2024-02-05 | ₹1.53 | semi annually | 2024-02-22 |
2023-06-30 | ₹1.53 | semi annually | 2023-08-18 |
2023-02-06 | ₹1.28 | semi annually | 2023-02-20 |
2022-06-29 | ₹0.77 | semi annually | 2022-08-13 |
2022-02-11 | ₹0.77 | semi annually | 2022-02-25 |
Sona BLW Precision Forgings Dividend per year
Sona BLW Precision Forgings Dividend growth
Sona BLW Precision Forgings Dividend Yield
Sona BLW Precision Forgings current trailing twelve-month (TTM) dividend yield is 0.46%. Interested in purchasing Sona BLW Precision Forgings stock? Use our calculator to estimate your expected dividend yield:
Sona BLW Precision Forgings Financial Ratios
Sona BLW Precision Forgings Dividend FAQ
Other factors to consider when evaluating Sona BLW Precision Forgings 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: Sona BLW Precision Forgings'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, Sona BLW Precision Forgings 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, Sona BLW Precision Forgings 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 Sona BLW Precision Forgings 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: Sona BLW Precision Forgings 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, Sona BLW Precision Forgings distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sona BLW Precision Forgings 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 Sona BLW Precision Forgings'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 Sona BLW Precision Forgings'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.