Sutlej Textiles and Industries Limited engages in the manufacture and sale of yarns and home textiles in India. The company operates through two segments, Yarn and Home Textiles. It offers various yarns, including polyester, viscose, acrylic, modal and tencel, cotton mélange and cone-dyed, polyester/viscose, polyester/cotton, acrylic/cotton, polyester/acrylic, modal/cotton, modal/polyester, viscose/cotton, and bamboo/cotton yarns; and micro-polyester, micro-acrylic, micro-modal, hamel covered, low piling, carpet backing and pile, ready-to-dye package, cationic dyeable, bamboo, and soy milk fiber yarns. The company also provides home textiles, such as curtains, cushions, throws, table covers and mats, runners, duvets, comforters; drapery fabrics; upholstery fabrics; made-ups comprising cushions, throws, curtains, bed scarves, shams, quilts and quilting materials, and chenille items; and finishes consisting of fire retardants, insect repellents, scotchgard protection finishes, aero and decca finishes, soil repellents, and bio and aroma finishes. In addition, it manufactures and sells raw white, black, and dope dyed polyester staple fiber by recycling of pet bottles. The company also exports its products to approximately 62 countries. Sutlej Textiles and Industries Limited was founded in 1934 and is based in Mumbai, India.
Sutlej Textiles and Industries Dividend Announcement
• Sutlej Textiles and Industries announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2023-09-20. Ex dividend date: 2023-08-18
• Sutlej Textiles and Industries annual dividend for 2023 was ₹1.00
• Sutlej Textiles and Industries's trailing twelve-month (TTM) dividend yield is -%
• Sutlej Textiles and Industries's dividend growth over the last five years (2018-2023) was -5.11% year
• Sutlej Textiles and Industries's dividend growth over the last ten years (2013-2023) was -14.87% year
Sutlej Textiles and Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-08-18 | ₹1.00 | annually | 2023-09-20 |
2022-08-26 | ₹1.85 | annually | 2022-09-29 |
2021-08-27 | ₹0.30 | annually | 2021-09-30 |
2020-09-14 | ₹0.30 | annually | 2020-10-16 |
2019-08-20 | ₹0.65 | annually | 2019-09-21 |
2018-08-23 | ₹1.30 | annually | 2018-09-30 |
2017-07-13 | ₹13.00 | annually | 2017-09-30 |
2016-07-14 | ₹13.00 | annually | 2016-09-26 |
2015-07-09 | ₹10.00 | annually | 2015-08-01 |
2014-07-10 | ₹8.00 | annually | |
2013-05-23 | ₹5.00 | annually | 2013-09-09 |
2012-05-31 | ₹5.00 | annually | 2012-07-01 |
Sutlej Textiles and Industries Dividend per year
Sutlej Textiles and Industries Dividend growth
Sutlej Textiles and Industries Dividend Yield
Sutlej Textiles and Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sutlej Textiles and Industries stock? Use our calculator to estimate your expected dividend yield:
Sutlej Textiles and Industries Financial Ratios
Sutlej Textiles and Industries Dividend FAQ
Other factors to consider when evaluating Sutlej Textiles and 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.
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1. Determination of Dividend: Sutlej Textiles and 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, Sutlej Textiles and 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, Sutlej Textiles and 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 Sutlej Textiles and 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.
1. Record Date: Sutlej Textiles and 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, Sutlej Textiles and 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: Sutlej Textiles and 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.
To assess the safety of Sutlej Textiles and 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 Sutlej Textiles and 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.