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Suumaya Industries Limited manufactures, retails, and distributes garments and fabrics. The company offers women wear garments, including designer kurtis, and formal and casual wear. It markets its products under the Ekka, Ira, and Tag9 brands. The company operates approximately 1,450 multi-brand outlets and 10 exclusive brand outlets, 320 shop-in-shops, and 4 online portals. The company was formerly known as Suumaya Lifestyle Limited and changed its name to Suumaya Industries Limited in February 2021. Suumaya Industries Limited was founded in 1985 and is based in Mumbai, India.

Suumaya Industries Dividend Announcement

Suumaya Industries announced a quarterly dividend of ₹2.75 per ordinary share which will be made payable on 2021-10-30. Ex dividend date: 2021-09-28
Suumaya Industries's trailing twelve-month (TTM) dividend yield is -%

Suumaya Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2021-09-28₹2.75quarterly2021-10-30
2021-09-23₹5.50quarterly
2021-08-26₹1.00quarterly2021-09-12
2021-08-23₹3.75quarterly
2020-11-12₹0.25quarterly2020-12-02
2018-11-20₹0.10quarterly2018-12-12

Suumaya Industries Dividend per year

Suumaya Industries Dividend Yield

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

Suumaya Industries Financial Ratios

P/E ratio-0.01
PEG ratio-0.00
P/B ratio-0.10
ROE-942.97%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Suumaya Industries Dividend FAQ

Does Suumaya Industries stock pay dividends?
Suumaya Industries does not currently pay dividends to its shareholders.
Has Suumaya Industries ever paid a dividend?
No, Suumaya Industries has no a history of paying dividends to its shareholders. Suumaya Industries is not known for its dividend payments.
Why doesn't Suumaya Industries pay dividends?
There are several potential reasons why Suumaya 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 Suumaya 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 Suumaya 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 Suumaya Industries a dividend aristocrat?
Suumaya 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 Suumaya Industries a dividend king?
Suumaya 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 Suumaya Industries a dividend stock?
No, Suumaya 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 Suumaya Industries stocks?
To buy Suumaya 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 Suumaya 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.