Stovec Industries Ltd. engages in the development and production of consumables for the textile, graphic printing and sugar industry. It operates through the following segments: Textile Machinery & Consumables, Graphics Consumables and Galvanic. The Textile Machinery & Consumables segment offers perforated rotary screens, lacquer and auxiliary chemicals, rotary screen printing machines, engraving equipment, components and spares and digital ink. The Graphics Consumables includes anilox rollers, rotamesh screens and rotaplates. The Galvanic segment covers galvano consumables. The company was founded on June 5, 1973 and is headquartered in Ahmedabad, India.
Stovec Industries Dividend Announcement
• Stovec Industries announced a semi annually dividend of ₹115.00 per ordinary share which will be made payable on 2024-06-08. Ex dividend date: 2024-05-27
• Stovec Industries annual dividend for 2024 was ₹132.00
• Stovec Industries annual dividend for 2023 was ₹204.00
• Stovec Industries's trailing twelve-month (TTM) dividend yield is 4.6%
• Stovec Industries's dividend growth over the last five years (2018-2023) was 41.47% year
• Stovec Industries's dividend growth over the last ten years (2013-2023) was 34.28% year
Stovec Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-27 | ₹115.00 | semi annually | 2024-06-08 |
2024-04-18 | ₹17.00 | semi annually | |
2023-08-21 | ₹157.00 | semi annually | 2023-10-01 |
2023-05-02 | ₹47.00 | semi annually | 2023-06-08 |
2022-04-28 | ₹57.00 | semi annually | 2022-06-05 |
2021-05-03 | ₹22.00 | semi annually | 2021-06-10 |
2020-09-08 | ₹60.00 | semi annually | 2020-10-16 |
2019-04-26 | ₹15.00 | semi annually | 2019-05-10 |
2018-04-24 | ₹36.00 | semi annually | 2018-06-01 |
2017-05-03 | ₹31.00 | semi annually | 2017-06-10 |
2016-05-17 | ₹29.00 | semi annually | |
2015-04-24 | ₹15.50 | semi annually | |
2014-05-02 | ₹15.00 | semi annually | |
2013-06-03 | ₹10.70 | semi annually |
Stovec Industries Dividend per year
Stovec Industries Dividend growth
Stovec Industries Dividend Yield
Stovec Industries current trailing twelve-month (TTM) dividend yield is 4.6%. Interested in purchasing Stovec Industries stock? Use our calculator to estimate your expected dividend yield:
Stovec Industries Financial Ratios
Stovec Industries Dividend FAQ
Other factors to consider when evaluating Stovec Industries 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: Stovec Industries'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, Stovec Industries 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, Stovec Industries 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 Stovec Industries 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: Stovec Industries 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, Stovec Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Stovec Industries 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 Stovec Industries'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 Stovec Industries'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.