Steel City Securities Limited provides retail stock broking services in southern parts of India. It provides a trading platform of capital market, futures and options, commodities, and currency derivatives; acts as a depository participant; offers margin trading facility for stocks or derivatives traded on NSE and BSE; and distributes mutual funds, credit cards, corporate fixed deposits, bonds, and IPOs. The company also promotes pension schemes for the retirement benefits of employees and business people; offers insurance agency services, and online payment system for online and offline trading clients; and provides non-banking financial services, such as project finance loans, housing loans, personal loans, gold loans, and loans against securities, as well as a mobile trading application. In addition, it offers e-governance products, such as PAN, TAN, e-TDS and e-TCS returns/statements, E- sign, annual information return, GST returns, and form 24G, as well as change requests of PAN and TAN. The company was incorporated in 1995 and is headquartered in Visakhapatnam, India.
Steel City Securities Dividend Announcement
• Steel City Securities announced a quarterly dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-09-20
• Steel City Securities annual dividend for 2024 was ₹3.00
• Steel City Securities annual dividend for 2023 was ₹3.00
• Steel City Securities's trailing twelve-month (TTM) dividend yield is 2.77%
• Steel City Securities's dividend growth over the last five years (2018-2023) was 3.71% year
Steel City Securities Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹1.00 | quarterly | 2024-10-28 |
2024-07-23 | ₹1.00 | quarterly | 2024-08-09 |
2024-02-16 | ₹1.00 | quarterly | |
2023-09-20 | ₹1.00 | quarterly | 2023-09-20 |
2023-07-19 | ₹1.00 | quarterly | 2023-08-07 |
2023-02-20 | ₹1.00 | quarterly | 2023-03-10 |
2022-10-27 | ₹1.00 | quarterly | 2022-10-27 |
2022-07-21 | ₹1.00 | quarterly | 2022-08-29 |
2022-02-24 | ₹1.00 | quarterly | 2022-03-12 |
2021-11-17 | ₹1.00 | quarterly | 2021-12-03 |
2021-09-08 | ₹1.00 | quarterly | 2021-10-18 |
2021-03-08 | ₹1.00 | quarterly | 2021-03-27 |
2020-11-25 | ₹1.00 | quarterly | 2020-11-27 |
2020-03-12 | ₹0.50 | quarterly | 2020-03-14 |
2019-10-17 | ₹1.00 | quarterly | 2019-11-06 |
2019-09-04 | ₹0.50 | quarterly | 2019-10-14 |
2019-02-28 | ₹1.00 | quarterly | 2019-03-20 |
2018-10-25 | ₹1.00 | quarterly | 2018-11-11 |
2018-08-21 | ₹0.50 | quarterly | 2018-10-01 |
2018-03-09 | ₹1.00 | quarterly | 2018-03-29 |
2017-10-26 | ₹1.00 | quarterly | 2017-11-11 |
2017-08-09 | ₹1.00 | quarterly | 2017-09-18 |
2017-03-21 | ₹1.00 | quarterly | 2017-04-09 |
Steel City Securities Dividend per year
Steel City Securities Dividend growth
Steel City Securities Dividend Yield
Steel City Securities current trailing twelve-month (TTM) dividend yield is 2.77%. Interested in purchasing Steel City Securities stock? Use our calculator to estimate your expected dividend yield:
Steel City Securities Financial Ratios
Steel City Securities Dividend FAQ
Other factors to consider when evaluating Steel City Securities 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: Steel City Securities'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, Steel City Securities 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, Steel City Securities 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 Steel City Securities 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: Steel City Securities 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, Steel City Securities distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Steel City Securities 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 Steel City Securities'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 Steel City Securities'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.