Sunita Tools Ltd. operates as an engineering, manufacturing and CNC machining contracting company. Its products include machined & ground plates, mold bases, die sets, and molds for die casting and plastic. The company was founded by Kumar Bihari Pandey in 1968 and is headquartered in Palghar, India.
Sunita Tools Dividend Announcement
• Sunita Tools does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Sunita Tools dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Sunita Tools Dividend History
Sunita Tools Dividend Yield
Sunita Tools current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sunita Tools stock? Use our calculator to estimate your expected dividend yield:
Sunita Tools Financial Ratios
P/E ratio62.30
PEG ratio0.62
P/B ratio7.08
ROE14.62%
Payout ratio0.00%
Current ratio5.63
Quick ratio3.08
Cash Ratio0.10
Sunita Tools Dividend FAQ
Does Sunita Tools stock pay dividends?
Sunita Tools does not currently pay dividends to its shareholders.
Has Sunita Tools ever paid a dividend?
No, Sunita Tools has no a history of paying dividends to its shareholders. Sunita Tools is not known for its dividend payments.
Why doesn't Sunita Tools pay dividends?
There are several potential reasons why Sunita Tools 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.
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 Sunita Tools 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 Sunita Tools 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 Sunita Tools a dividend aristocrat?
Sunita Tools 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 Sunita Tools a dividend king?
Sunita Tools 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 Sunita Tools a dividend stock?
No, Sunita Tools 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 Sunita Tools stocks?
To buy Sunita Tools 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 Sunita Tools 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.
Place an order: Use the brokerage's trading platform to place an order to buy Sunita Tools 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.