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Sumeet Industries Limited manufactures and sells yarns in India. The company provides polyester and textile grade chips, as well as partially oriented, fully draw, texturized, micro filament, carpet, bright, and dope dyed black yarns. It also exports its products to Egypt, Tunisia, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco, Columbia, Bangladesh, Russia, Ethiopia, Mexico, Nepal, Brazil, Peru, Algeria, Thailand, the United States, Singapore, Turkey, Kenya, etc. The company was formerly known as Sumeet Synthetics Limited and changed its name to Sumeet Industries Limited in 1996. Sumeet Industries Limited was incorporated in 1988 and is based in Surat, India.

Sumeet Industries Dividend Announcement

Sumeet Industries announced a annually dividend of ₹0.40 per ordinary share which will be made payable on 2012-10-29. Ex dividend date: 2012-09-20
Sumeet Industries's trailing twelve-month (TTM) dividend yield is -%

Sumeet Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2012-09-20₹0.40annually2012-10-29
2011-09-16₹1.00annually2011-10-26

Sumeet Industries Dividend per year

Sumeet Industries Dividend Yield

Sumeet Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sumeet Industries stock? Use our calculator to estimate your expected dividend yield:

Sumeet Industries Financial Ratios

P/E ratio-19.59
PEG ratio-0.27
P/B ratio-5.74
ROE30.97%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Sumeet Industries Dividend FAQ

Does Sumeet Industries stock pay dividends?
Sumeet Industries does not currently pay dividends to its shareholders.
Has Sumeet Industries ever paid a dividend?
No, Sumeet Industries has no a history of paying dividends to its shareholders. Sumeet Industries is not known for its dividend payments.
Why doesn't Sumeet Industries pay dividends?
There are several potential reasons why Sumeet Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Sumeet Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Sumeet Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Sumeet Industries a dividend aristocrat?
Sumeet Industries is not considered a Dividend Aristocrat. 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 Sumeet Industries a dividend king?
Sumeet Industries is not classified as a "Dividend King". 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 Sumeet Industries a dividend stock?
No, Sumeet Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Sumeet Industries stocks?
To buy Sumeet 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Sumeet 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.