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Syrma SGS Technology Limited provides turnkey electronic manufacturing services in India and internationally. The company offers value-added, and integrated design and manufacturing solutions, including value engineering, tool designing, mold development, test set up conceptualization, and development for original equipment manufacturers. Its product portfolio comprises printed circuit board assemblies; radio frequency identification products; electromagnetic and electromechanical parts, including chokes, inductors, magnetic filters, and transformers; and other products, such as motherboards, DRAM modules, solid state drives, USB drives, and other memory products. The company also provides electronic sub-assemblies, assemblies and box builds, disk drives, power supplies/adapters, and fiber optic assemblies; and quick prototyping, and repair and rework services. It serves the automotive, healthcare, IT, industrial appliances, energy management, water purification, power supply, and consumer products industries. The company was founded in 1978 and is based in Chennai, India.

Syrma SGS Technology Dividend Announcement

• Syrma SGS Technology announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-17. Ex dividend date: 2024-09-10
• Syrma SGS Technology annual dividend for 2024 was ₹1.50
• Syrma SGS Technology annual dividend for 2023 was ₹1.50
• Syrma SGS Technology's trailing twelve-month (TTM) dividend yield is 0.27%

Syrma SGS Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-10₹1.50annually2024-10-17
2023-09-01₹1.50annually2023-10-08

Syrma SGS Technology Dividend per year

Syrma SGS Technology Dividend Yield

Syrma SGS Technology current trailing twelve-month (TTM) dividend yield is 0.27%. Interested in purchasing Syrma SGS Technology stock? Use our calculator to estimate your expected dividend yield:

Syrma SGS Technology Financial Ratios

P/E ratio92.06
PEG ratio0.92
P/B ratio5.94
ROE6.47%
Payout ratio0.00%
Current ratio1.31
Quick ratio0.82
Cash Ratio0.03

Syrma SGS Technology Dividend FAQ

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