Sri Lakshmi Saraswathi Textiles (Arni) Ltd. engages in manufacturing of all types of yarn used for manufacture of woven and knitted fabrics, which is sold both in the domestic and international markets. Its products include cotton yarn, polyester cotton yarn-combed, and open end yarn-carded. The company was founded by B. Rajagopal Naidu on May 2, 1964 and is headquartered in Chennai, India.
Sri Lakshmiraswathi Textiles Dividend Announcement
• Sri Lakshmiraswathi Textiles announced a annually dividend of ₹1.00 per ordinary share which will be made payable on . Ex dividend date: 2014-07-23
• Sri Lakshmiraswathi Textiles's trailing twelve-month (TTM) dividend yield is -%
Sri Lakshmiraswathi Textiles Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2014-07-23 | ₹1.00 | annually | |
| 2007-03-29 | ₹1.50 | annually | |
| 2006-08-16 | ₹1.50 | annually | |
| 2005-08-01 | ₹1.50 | annually | |
| 2004-08-24 | ₹1.50 | annually | |
| 2003-08-22 | ₹1.50 | annually | |
| 2002-03-22 | ₹1.50 | annually |
Sri Lakshmiraswathi Textiles Dividend per year
Sri Lakshmiraswathi Textiles Dividend growth
Sri Lakshmiraswathi Textiles Dividend Yield
Sri Lakshmiraswathi Textiles current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sri Lakshmiraswathi Textiles stock? Use our calculator to estimate your expected dividend yield:
Sri Lakshmiraswathi Textiles Financial Ratios
P/E ratio-0.67
PEG ratio-0.01
P/B ratio-0.24
ROE58.23%
Payout ratio0.00%
Current ratio0.16
Quick ratio0.11
Cash Ratio0.00
Sri Lakshmiraswathi Textiles Dividend FAQ
Does Sri Lakshmiraswathi Textiles stock pay dividends?
Sri Lakshmiraswathi Textiles does not currently pay dividends to its shareholders.
Has Sri Lakshmiraswathi Textiles ever paid a dividend?
No, Sri Lakshmiraswathi Textiles has no a history of paying dividends to its shareholders. Sri Lakshmiraswathi Textiles is not known for its dividend payments.
Why doesn't Sri Lakshmiraswathi Textiles pay dividends?
There are several potential reasons why Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles a dividend aristocrat?
Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles a dividend king?
Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles a dividend stock?
No, Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles stocks?
To buy Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles 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 Sri Lakshmiraswathi Textiles 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.