Tamilnadu Petroproducts Limited manufactures and sells petrochemical and industrial intermediate chemical products in India. It offers linear alkyl benzene, an organic compound used in the manufacture of domestic detergents, institutional, and industrial cleaners under the SUPERLAB brand; caustic soda, a chemical for use in textile, pulp and paper, aluminum, and soap and detergent industries; and chlorine, a co-product of caustic soda for use in various sectors, including vinyl chloride, chlorinated paraffin wax, pulp and paper, water purification, chlorinated solvents, etc. The company also provides hydrogen and chlorine derivatives, such as hydrochloric acid, sodium hypo chlorite, and ammonium chloride; and propylene oxide, an organic, volatile, flammable, and colorless liquid compound for use in automobile, domestic home appliances, and industrial insulation sectors. It also exports its products. The company was incorporated in 1984 and is based in Chennai, India.
Tamilnadu Petroproducts Dividend Announcement
• Tamilnadu Petroproducts announced a annually dividend of ₹1.20 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-17
• Tamilnadu Petroproducts annual dividend for 2024 was ₹1.20
• Tamilnadu Petroproducts annual dividend for 2023 was ₹1.50
• Tamilnadu Petroproducts's trailing twelve-month (TTM) dividend yield is 1.43%
• Tamilnadu Petroproducts's dividend growth over the last five years (2018-2023) was 24.57% year
Tamilnadu Petroproducts Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | ₹1.20 | annually | 2024-10-26 |
2023-09-18 | ₹1.50 | annually | 2023-10-26 |
2022-09-21 | ₹3.00 | annually | 2022-10-29 |
2021-09-02 | ₹2.50 | annually | 2021-10-11 |
2020-09-02 | ₹1.50 | annually | 2020-10-04 |
2019-07-30 | ₹1.00 | annually | 2019-08-30 |
2018-07-30 | ₹0.50 | annually | 2018-08-31 |
2012-08-31 | ₹0.50 | annually | 2012-10-12 |
2011-08-26 | ₹1.00 | annually | 2011-10-05 |
2010-07-26 | ₹0.50 | annually | 2010-09-10 |
2006-09-04 | ₹1.00 | annually | 2006-09-21 |
2005-08-23 | ₹1.00 | annually | 2005-09-09 |
Tamilnadu Petroproducts Dividend per year
Tamilnadu Petroproducts Dividend growth
Tamilnadu Petroproducts Dividend Yield
Tamilnadu Petroproducts current trailing twelve-month (TTM) dividend yield is 1.43%. Interested in purchasing Tamilnadu Petroproducts stock? Use our calculator to estimate your expected dividend yield:
Tamilnadu Petroproducts Financial Ratios
Tamilnadu Petroproducts Dividend FAQ
Other factors to consider when evaluating Tamilnadu Petroproducts 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: Tamilnadu Petroproducts'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, Tamilnadu Petroproducts 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, Tamilnadu Petroproducts 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 Tamilnadu Petroproducts 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: Tamilnadu Petroproducts 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, Tamilnadu Petroproducts distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tamilnadu Petroproducts 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 Tamilnadu Petroproducts'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 Tamilnadu Petroproducts'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.