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Sonam Limited manufactures and trades in horological items, clocks, clock movements, and related items in India. The company offers products, such as alarm time pieces, as well as dial, designer, divine tune, LCD, LED digital, light sensor, musical, office, pendulum, and pendulum musical clocks. It also provides picture God dial, regular, diamond series, rotating, rotating musical, rotating pendulum musical, SQ series, sweep, and sweep office clocks. The company exports its products. The company was formerly known as Sonam Clock Limited and changed its name to Sonam Limited in September 2023. Sonam Limited was founded in 1996 and is headquartered in Morbi, India.

Sonam Dividend Announcement

• Sonam announced a annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2019-08-19
• Sonam's trailing twelve-month (TTM) dividend yield is -%

Sonam Dividend History

Ex-Div dateDividend amountDividend typePay date
2019-08-19₹0.50annually
2018-11-27₹0.50annually

Sonam Dividend per year

Sonam Dividend Yield

Sonam current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sonam stock? Use our calculator to estimate your expected dividend yield:

Sonam Financial Ratios

P/E ratio61.86
PEG ratio0.62
P/B ratio6.48
ROE10.73%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Sonam Dividend FAQ

Does Sonam stock pay dividends?
Sonam does not currently pay dividends to its shareholders.
Has Sonam ever paid a dividend?
No, Sonam has no a history of paying dividends to its shareholders. Sonam is not known for its dividend payments.
Why doesn't Sonam pay dividends?
There are several potential reasons why Sonam 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.
Will Sonam 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 Sonam 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 Sonam a dividend aristocrat?
Sonam 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 Sonam a dividend king?
Sonam 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 Sonam a dividend stock?
No, Sonam 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 Sonam stocks?
To buy Sonam 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 Sonam 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.