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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 dateDividend amountDividend typePay date
2024-05-27₹115.00semi annually2024-06-08
2024-04-18₹17.00semi annually
2023-08-21₹157.00semi annually2023-10-01
2023-05-02₹47.00semi annually2023-06-08
2022-04-28₹57.00semi annually2022-06-05
2021-05-03₹22.00semi annually2021-06-10
2020-09-08₹60.00semi annually2020-10-16
2019-04-26₹15.00semi annually2019-05-10
2018-04-24₹36.00semi annually2018-06-01
2017-05-03₹31.00semi annually2017-06-10
2016-05-17₹29.00semi annually
2015-04-24₹15.50semi annually
2014-05-02₹15.00semi annually
2013-06-03₹10.70semi 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

P/E ratio38.86
PEG ratio0.39
P/B ratio4.97
ROE14.39%
Payout ratio0.00%
Current ratio2.58
Quick ratio1.38
Cash Ratio0.23

Stovec Industries Dividend FAQ

How much is the next Stovec Industries dividend?
Stovec Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Stovec Industries dividend. The next Stovec Industries dividend will be released in May, or August.
When is Stovec Industries dividend paid?
Stovec Industries pays dividends on a semi annually basis. The specific dates may vary each year but are generally around May, and August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Stovec Industries pay?
The specific amount of Stovec Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Stovec Industries's dividend history.
Does Stovec Industries stock pay dividends?
Yes, Stovec Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Stovec Industries's dividend history.
How much dividend does Stovec Industries pay?
Stovec Industries paid ₹132.0 in 2024, ₹204.0 in 2023, ₹57.0 in 2022, ₹22.0 in 2021, and ₹60.0 in 2020.
How often does Stovec Industries pay dividends?
Stovec Industries typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around May, and August.
What is Stovec Industries's dividend yield?
The current dividend yield for Stovec Industries is 4.6%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Stovec Industries's exact dividend yield.
When does Stovec Industries go ex dividend?
Stovec Industries's ex-dividend date for the latest dividend was on 2024-05-27. Stovec Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Stovec Industries dividend paid?
Stovec Industries pays dividends on a semi annually basis, typically around May, or August, but the exact dates can vary each year.
Will Stovec Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Stovec Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Stovec Industries dividend per share?
Stovec Industries paid ₹132.0 per share in 2024 and ₹204.0 per share in 2023. The amount of dividend per share that Stovec Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Stovec Industries a dividend aristocrat?
No, 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 Stovec Industries a dividend king?
No, 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 Stovec Industries a dividend stock?
Yes, Stovec Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Stovec Industries a good dividend stock?
Whether Stovec Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Stovec Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Stovec Industries pay dividends monthly?
Stovec Industries typically pays dividends on a semi annually basis.
Does Stovec Industries pay dividends quarterly?
Stovec Industries currently pays dividends on a semi annually basis.
Has Stovec Industries ever paid a dividend?
Yes, Stovec Industries has a history of paying dividends to its shareholders. Stovec Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Stovec Industries dividend stocks?
To buy Stovec Industries 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Stovec Industries 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.
When does Stovec Industries pay dividends 2024?
Stovec Industries pays dividends on a semi annually basis. 2024 dividend payments are in 2024-06-08. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Stovec Industries increase its dividend in 2024?
Decisions regarding Stovec Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Stovec Industries dividend overview you can look into the above table of dividend history.
How Stovec Industries dividend works?
The Stovec Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Stovec Industries's dividend process works:

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.
How are Stovec Industries dividends paid?
Stovec Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Stovec Industries pay dividends?
Stovec Industries typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Stovec Industries pay dividends?
The general pattern is that Stovec Industries pays dividends around May, and August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Stovec Industries dividend safe?
The safety of Stovec Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.