SRU Steels Ltd. engages in the trading in various types of iron and steel. Their products involves stainless steel, mild steels, and carbon iron steels. The company was founded on September 11, 1995 and is headquartered in New Delhi, India.
SRU Steels Dividend Announcement
• SRU Steels announced a annually dividend of ₹0.07 per ordinary share which will be made payable on 2023-04-09. Ex dividend date: 2023-03-20
• SRU Steels's trailing twelve-month (TTM) dividend yield is -%
SRU Steels Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-03-20 | ₹0.07 | annually | 2023-04-09 |
SRU Steels Dividend per year
SRU Steels Dividend Yield
SRU Steels current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing SRU Steels stock? Use our calculator to estimate your expected dividend yield:
SRU Steels Financial Ratios
P/E ratio-42.62
PEG ratio-0.43
P/B ratio0.64
ROE-1.52%
Payout ratio0.00%
Current ratio16.16
Quick ratio16.16
Cash Ratio0.07
SRU Steels Dividend FAQ
Does SRU Steels stock pay dividends?
SRU Steels does not currently pay dividends to its shareholders.
Has SRU Steels ever paid a dividend?
No, SRU Steels has no a history of paying dividends to its shareholders. SRU Steels is not known for its dividend payments.
Why doesn't SRU Steels pay dividends?
There are several potential reasons why SRU Steels 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 SRU Steels 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 SRU Steels 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 SRU Steels a dividend aristocrat?
SRU Steels 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 SRU Steels a dividend king?
SRU Steels 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 SRU Steels a dividend stock?
No, SRU Steels 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 SRU Steels stocks?
To buy SRU Steels 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 SRU Steels 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 SRU Steels 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.