Sunflag Iron and Steel Company Limited manufactures and sells steel rolled products in India. The company offers bearing, cold forging, engine valve, micro alloyed, forging, free and semi-free cutting, stainless, spring, and tool steels, as well as carbon, valve, alloy, cold heading, and high strength steel; and forging ingots and super alloys. It also provides round bars, round cornered squares in straight bars, round and hexagonal wire rods, and hexagonal and flat sections straight bars, as well as bright bars, such as peeled/drawn/ground bars. The company's products are used for the manufacture of automotive transmission gears, drive shafts, steering systems, bearings, exhaust systems, engine components, suspension systems, gear boxes, drive trains, and steering systems. It serves railways, ordnance factories, power sectors, and other general engineering areas. The company exports its products to South East Asia, North America and South America, East Africa, Europe, Japan, Taiwan, and China. Sunflag Iron and Steel Company Limited was incorporated in 1984 and is headquartered in Nagpur, India.
Sunflag Iron and Steel Dividend Announcement
• Sunflag Iron and Steel announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2019-10-27. Ex dividend date: 2019-09-05
• Sunflag Iron and Steel's trailing twelve-month (TTM) dividend yield is -%
Sunflag Iron and Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2019-09-05 | ₹0.50 | annually | 2019-10-27 |
2018-09-06 | ₹0.50 | annually | 2018-10-25 |
2011-08-30 | ₹0.50 | annually | 2011-10-23 |
2010-09-02 | ₹0.50 | annually | 2010-10-23 |
2009-09-03 | ₹0.50 | annually | 2009-10-01 |
2008-09-04 | ₹0.50 | annually | 2008-10-01 |
2007-09-06 | ₹0.25 | annually | 2007-10-01 |
2006-09-14 | ₹0.50 | annually | 2006-10-03 |
Sunflag Iron and Steel Dividend per year
Sunflag Iron and Steel Dividend growth
Sunflag Iron and Steel Dividend Yield
Sunflag Iron and Steel current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sunflag Iron and Steel stock? Use our calculator to estimate your expected dividend yield:
Sunflag Iron and Steel Financial Ratios
Sunflag Iron and Steel Dividend FAQ
Other factors to consider when evaluating Sunflag Iron and Steel 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: Sunflag Iron and Steel'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, Sunflag Iron and Steel 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, Sunflag Iron and Steel 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 Sunflag Iron and Steel 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: Sunflag Iron and Steel 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, Sunflag Iron and Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sunflag Iron and Steel 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 Sunflag Iron and Steel'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 Sunflag Iron and Steel'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.