Styrenix Performance Materials Limited engages in the manufacture, trading, and sale of engineering thermoplastics in India and internationally. It operates in Specialties and Polystyrene segments. The company's products include Absolac, a plastic resin that is used for manufacturing of home appliances, automobile interiors and exteriors, consumer durables, and office equipment; and Absolan, which is primarily used in stationeries, cosmetic packing, industrial goods, electrical appliances, cosmetic jars, and household applications. It also offers general purpose poly styrene, a transparent polymer, which is used in TV light diffuser plate, XPS insulation boards, refrigerator drawers, medical labware, PSP packaging, CD jewel box, disposable packaging, and clothes hanger; and high impact poly styrene resin that is used in electronics goods and housing products, refrigerator in-liner and door liner, injection mold, beverage cups, dairy product packaging, sheets, disposables, yogurt bottles, and toys. The company was formerly known as INEOS Styrolution India Limited and changed its name to Styrenix Performance Materials Limited in January 2023. Styrenix Performance Materials Limited was incorporated in 1973 and is based in Vadodara, India. Styrenix Performance Materials Limited operates as a subsidiary of Shiva Performance Materials Private Limited.
Styrenix Performance Materials Dividend Announcement
• Styrenix Performance Materials announced a quarterly dividend of ₹28.00 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-08-12
• Styrenix Performance Materials annual dividend for 2024 was ₹76.00
• Styrenix Performance Materials annual dividend for 2023 was ₹126.00
• Styrenix Performance Materials's trailing twelve-month (TTM) dividend yield is 2.66%
Styrenix Performance Materials Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-12 | ₹28.00 | quarterly | 2024-09-20 |
2024-02-12 | ₹48.00 | quarterly | 2024-03-04 |
2023-10-31 | ₹22.00 | quarterly | 2023-11-19 |
2023-08-02 | ₹24.00 | quarterly | 2023-09-09 |
2023-03-24 | ₹80.00 | quarterly | 2023-04-15 |
2022-06-06 | ₹105.00 | quarterly | 2022-06-18 |
2021-10-22 | ₹192.00 | quarterly | 2021-11-12 |
2021-08-05 | ₹10.00 | quarterly | 2021-09-12 |
2019-07-31 | ₹2.00 | quarterly | 2019-09-07 |
2018-08-01 | ₹4.00 | quarterly | 2018-09-08 |
2017-08-02 | ₹4.00 | quarterly | 2017-09-09 |
2016-08-04 | ₹4.00 | quarterly | |
2015-07-29 | ₹4.00 | quarterly | |
2014-04-16 | ₹4.00 | quarterly | |
2013-04-10 | ₹4.00 | quarterly | |
2012-04-12 | ₹4.00 | quarterly |
Styrenix Performance Materials Dividend per year
Styrenix Performance Materials Dividend growth
Styrenix Performance Materials Dividend Yield
Styrenix Performance Materials current trailing twelve-month (TTM) dividend yield is 2.66%. Interested in purchasing Styrenix Performance Materials stock? Use our calculator to estimate your expected dividend yield:
Styrenix Performance Materials Financial Ratios
Styrenix Performance Materials Dividend FAQ
Other factors to consider when evaluating Styrenix Performance Materials 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: Styrenix Performance Materials'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, Styrenix Performance Materials 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, Styrenix Performance Materials 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 Styrenix Performance Materials 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: Styrenix Performance Materials 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, Styrenix Performance Materials distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Styrenix Performance Materials 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 Styrenix Performance Materials'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 Styrenix Performance Materials'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.