Tega Industries Limited designs, manufactures, distributes, and installs process equipment and accessories for the mineral processing, mining, material handling, and environment industries. It offers a range of grinding mill liners, such as DynaPrime, DynaSteel, DynaPulp, and DynaWear; trommels for heavy duty, medium duty and light duty applications along with structure, rubber or polyurethane screen panels, spirals, connecting pieces and end flanges.; Rapido, a screening machine used for separation of particles; and screening solutions comprise screening decks, such as bolt down panels, cross tension panels, flip flo panels, panel cords, dewatering panels, polysnap panels, anti-clogging panels, and button type panels. The company also provides hydrocyclones for extracting or separating slurry particles; conveyor products, including spill-ex skirt sealing systems, ceramic pulley laggings, and Centrax that guide the conveyor belt system; pumps; and chutes and flotation parts. In addition, it offers plant audit consultancy services for grinding and classification upgrades; and maintenance and operations solutions, as well as supplies spare parts. The company serves in India, Africa, South East Asia, Australia, South America, North America, Europe, the Middle East, and Russia. It also exports its products. The company was formerly known as Tega India Limited and changed its name to Tega Industries Limited in January 2002. Tega Industries Limited was incorporated in 1976 and is based in Kolkata, India. Tega Industries Limited is a subsidiary of Nihal Fiscal Services Private Limited.
Tega Industries Dividend Announcement
• Tega Industries announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-09-19. Ex dividend date: 2024-08-09
• Tega Industries annual dividend for 2024 was ₹2.00
• Tega Industries annual dividend for 2023 was ₹2.00
• Tega Industries's trailing twelve-month (TTM) dividend yield is 0.12%
Tega Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-09 | ₹2.00 | annually | 2024-09-19 |
| 2023-08-18 | ₹2.00 | annually | 2023-09-28 |
Tega Industries Dividend per year
Tega Industries Dividend Yield
Tega Industries current trailing twelve-month (TTM) dividend yield is 0.12%. Interested in purchasing Tega Industries stock? Use our calculator to estimate your expected dividend yield:
Tega Industries Financial Ratios
Tega Industries Dividend FAQ
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.
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