Swelect Energy Systems Limited engages in the manufacture and trading of solar modules, mounting structures, transformers, and inverters in India, Europe, and internationally. It operates through three segments: Solar and Solar Related Activities, Foundry Business, and Others. The company offers mono and multi-crystalline solar photovoltaic modules; building integrated photovoltaic modules; solar inverters; solar water pumps; and solar panels. It also engages in iron, steel, and investment casting activities. In addition, the company provides stabilizers; energy conservation and audits, design/retrofit sustainable buildings, and LED lighting systems; site feasibility analysis; engineering, procurement, and construction contracts; and operation and maintenance services. Further, it engages in solar and wind power generation, and provision of contract manufacturing services. The company was formerly known as Numeric Power Systems Limited and changed its name to Swelect Energy Systems Limited in May 2012. Swelect Energy Systems Limited was incorporated in 1994 and is based in Chennai, India.
Swelect Energy Systems Dividend Announcement
• Swelect Energy Systems announced a annually dividend of ₹3.00 per ordinary share which will be made payable on 2024-08-09. Ex dividend date: 2024-07-22
• Swelect Energy Systems annual dividend for 2024 was ₹3.00
• Swelect Energy Systems annual dividend for 2023 was ₹1.20
• Swelect Energy Systems's trailing twelve-month (TTM) dividend yield is 0.27%
• Swelect Energy Systems's dividend growth over the last five years (2018-2023) was -21.40% year
• Swelect Energy Systems's dividend growth over the last ten years (2013-2023) was -17.28% year
Swelect Energy Systems Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | ₹3.00 | annually | 2024-08-09 |
2023-07-19 | ₹1.20 | annually | 2023-08-10 |
2022-07-20 | ₹3.00 | annually | 2022-08-08 |
2021-07-16 | ₹3.00 | annually | 2021-08-04 |
2020-09-01 | ₹0.75 | annually | 2020-10-10 |
2020-02-27 | ₹1.25 | annually | 2020-03-14 |
2019-08-01 | ₹2.50 | annually | 2019-08-24 |
2018-08-01 | ₹4.00 | annually | 2018-08-23 |
2017-08-03 | ₹4.00 | annually | 2017-08-24 |
2016-07-20 | ₹1.00 | annually | 2016-08-27 |
2016-03-22 | ₹3.00 | annually | 2016-03-31 |
2015-07-22 | ₹2.50 | annually | 2015-08-12 |
2014-06-25 | ₹9.00 | annually | 2014-08-27 |
2013-07-18 | ₹8.00 | annually | 2013-08-23 |
Swelect Energy Systems Dividend per year
Swelect Energy Systems Dividend growth
Swelect Energy Systems Dividend Yield
Swelect Energy Systems current trailing twelve-month (TTM) dividend yield is 0.27%. Interested in purchasing Swelect Energy Systems stock? Use our calculator to estimate your expected dividend yield:
Swelect Energy Systems Financial Ratios
Swelect Energy Systems Dividend FAQ
Other factors to consider when evaluating Swelect Energy Systems 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: Swelect Energy Systems'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, Swelect Energy Systems 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, Swelect Energy Systems 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 Swelect Energy Systems 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: Swelect Energy Systems 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, Swelect Energy Systems distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Swelect Energy Systems 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 Swelect Energy Systems'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 Swelect Energy Systems'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.