Sterling Tools Limited manufactures and markets high tensile cold forged fasteners to original equipment manufacturers in India. The company offers standard, special, chassis, and engine fasteners for use in passenger vehicles, commercial vehicles, two wheelers, farm and construction equipment, and off-roadways. It also engages in leasing of immovable property; and manufacture and trading of motor control unit used in automobile industry. The company exports its products to Europe, the United States, South America, and the Middle East. Sterling Tools Limited was incorporated in 1979 and is based in Faridabad, India.
Sterling Tools Dividend Announcement
• Sterling Tools announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-10-13. Ex dividend date: 2024-09-06
• Sterling Tools annual dividend for 2024 was ₹2.00
• Sterling Tools annual dividend for 2023 was ₹2.00
• Sterling Tools's trailing twelve-month (TTM) dividend yield is 0.33%
Sterling Tools Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | ₹2.00 | annually | 2024-10-13 |
2023-09-11 | ₹2.00 | annually | 2023-10-18 |
2022-09-14 | ₹1.00 | annually | 2022-10-22 |
2021-09-13 | ₹1.00 | annually | 2021-10-21 |
2019-08-08 | ₹2.00 | annually | 2019-08-31 |
2018-08-20 | ₹2.00 | annually | 2018-08-31 |
2018-02-20 | ₹1.00 | annually | 2018-02-28 |
2017-09-13 | ₹1.00 | annually | 2017-09-20 |
2017-02-16 | ₹1.00 | annually | 2017-02-25 |
2016-08-12 | ₹5.00 | annually | 2016-08-20 |
2016-03-21 | ₹5.00 | annually | 2016-03-30 |
2016-02-15 | ₹5.00 | annually | 2016-02-20 |
2015-08-07 | ₹5.00 | annually | 2015-08-20 |
2014-08-13 | ₹5.00 | annually | 2014-08-23 |
2014-01-27 | ₹5.00 | annually | 2014-02-01 |
2013-02-21 | ₹5.00 | annually | 2013-02-27 |
2012-06-28 | ₹5.00 | annually | 2012-08-05 |
Sterling Tools Dividend per year
Sterling Tools Dividend growth
Sterling Tools Dividend Yield
Sterling Tools current trailing twelve-month (TTM) dividend yield is 0.33%. Interested in purchasing Sterling Tools stock? Use our calculator to estimate your expected dividend yield:
Sterling Tools Financial Ratios
Sterling Tools Dividend FAQ
Other factors to consider when evaluating Sterling Tools 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: Sterling Tools'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, Sterling Tools 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, Sterling Tools 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 Sterling Tools 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: Sterling Tools 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, Sterling Tools distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sterling Tools 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 Sterling Tools'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 Sterling Tools'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.