Texel Industries Ltd. engages in the manufacture of tarpaulin and geomembrane. Its products include geomembrane, geo textile, agro textile and pe-protection and tarpaulins. The company was founded on August 2, 1989, and is headquartered in Gandhinagar, India.
Texel Industries Dividend Announcement
• Texel Industries does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Texel Industries dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Texel Industries Dividend History
Texel Industries Dividend Yield
Texel Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Texel Industries stock? Use our calculator to estimate your expected dividend yield:
Texel Industries Financial Ratios
P/E ratio-8.44
PEG ratio-0.08
P/B ratio4.95
ROE-51.48%
Payout ratio0.00%
Current ratio0.70
Quick ratio0.43
Cash Ratio0.00
Texel Industries Dividend FAQ
Does Texel Industries stock pay dividends?
Texel Industries does not currently pay dividends to its shareholders.
Has Texel Industries ever paid a dividend?
No, Texel Industries has no a history of paying dividends to its shareholders. Texel Industries is not known for its dividend payments.
Why doesn't Texel Industries pay dividends?
There are several potential reasons why Texel 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.
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 Texel 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 Texel 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 Texel Industries a dividend aristocrat?
Texel 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 Texel Industries a dividend king?
Texel 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 Texel Industries a dividend stock?
No, Texel 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 Texel Industries stocks?
To buy Texel 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 Texel 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.
Place an order: Use the brokerage's trading platform to place an order to buy Texel 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.