Thermax Limited provides energy, environment, and chemical solutions in India and internationally. It operates through three segments: Energy, Environment, and Chemical. The company offers vapor absorption and hybrid chillers, heat pumps, chiller-heaters, and heat transformers; evaporative condensers, closed loop cooling towers, adiabatic and dry coolers, radiators, and air cooled heat exchangers and condensers; EPC solutions, such as cogen or trigen power plants, air cooled condensers, bio-CNG plants, waste heat recovery power plants, and refinery process units; and renewable energy solutions. It also provides oil and gas fired boilers, heat recovery boilers and systems, high pressure boilers, lean gas and solid fuel fired boilers, hot water generators, waste to energy boilers, fired heaters and process furnaces, waste heat recovery units, thermal oil heaters and vaporizers, hot water and air generators, energy plants, and packaged and modular units, as well as specialized services. In addition, the company offers air pollution control and water and waste solutions; and chemicals, such as ion exchange resins, water and fuel treatment chemicals, oil field chemicals, and construction chemicals. It serves agriculture, automobiles and auto components, aviation, biotechnology, cement, commercial/construction, engineering and capital goods, as well as food and beverages, fast moving consumer goods, healthcare, hospitality, infrastructure, IT and datacenter, manufacturing, medical devices, metals, oil and gas, paper and pulp, pharmaceuticals, power, renewable energy, rubber, telecommunications, textiles, and wood industries. The company was founded in 1966 and is headquartered in Pune, India. Thermax Limited is a subsidiary of RDA Holdings Private Limited.
Thermax Dividend Announcement
• Thermax announced a annually dividend of ₹12.00 per ordinary share which will be made payable on 2024-08-05. Ex dividend date: 2024-07-05
• Thermax annual dividend for 2024 was ₹12.00
• Thermax annual dividend for 2023 was ₹10.00
• Thermax's trailing twelve-month (TTM) dividend yield is 0.24%
• Thermax's dividend growth over the last five years (2018-2023) was 10.76% year
• Thermax's dividend growth over the last ten years (2013-2023) was 3.63% year
Thermax Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-07-05 | ₹12.00 | annually | 2024-08-05 |
| 2023-07-21 | ₹10.00 | annually | 2023-08-31 |
| 2022-07-21 | ₹9.00 | annually | 2022-08-08 |
| 2021-07-22 | ₹7.00 | annually | 2021-09-05 |
| 2020-03-20 | ₹7.00 | annually | 2020-04-12 |
| 2019-07-25 | ₹7.00 | annually | 2019-08-14 |
| 2018-07-26 | ₹6.00 | annually | 2018-09-07 |
| 2017-07-27 | ₹6.00 | annually | 2017-09-07 |
| 2016-07-28 | ₹6.00 | annually | 2016-09-09 |
| 2015-07-16 | ₹7.00 | annually | 2015-08-27 |
| 2014-07-10 | ₹6.00 | annually | 2014-08-21 |
| 2013-07-11 | ₹7.00 | annually | 2013-08-24 |
Thermax Dividend per year
Thermax Dividend growth
Thermax Dividend Yield
Thermax current trailing twelve-month (TTM) dividend yield is 0.24%. Interested in purchasing Thermax stock? Use our calculator to estimate your expected dividend yield:
Thermax Financial Ratios
P/E ratio79.42
PEG ratio-7.97
P/B ratio12.56
ROE16.66%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Thermax Dividend FAQ
How much is the next Thermax dividend?
Thermax's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Thermax dividend. The next Thermax dividend will be released in July.
When is Thermax dividend paid?
Thermax pays dividends on a annually basis. The specific dates may vary each year but are generally around July. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Thermax pay?
The specific amount of Thermax dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Thermax's dividend history.
Does Thermax stock pay dividends?
Yes, Thermax does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Thermax's dividend history.
How much dividend does Thermax pay?
Thermax paid ₹12.0 in 2024, ₹10.0 in 2023, ₹9.0 in 2022, ₹7.0 in 2021, and ₹7.0 in 2020.
How often does Thermax pay dividends?
Thermax typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around July.
What is Thermax's dividend yield?
The current dividend yield for Thermax is 0.24%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Thermax's exact dividend yield.
When does Thermax go ex dividend?
Thermax's ex-dividend date for the latest dividend was on 2024-07-05. Thermax typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Thermax dividend paid?
Thermax pays dividends on a annually basis, typically around July, but the exact dates can vary each year.
Will Thermax increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Thermax will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Thermax dividend per share?
Thermax paid ₹12.0 per share in 2024 and ₹10.0 per share in 2023. The amount of dividend per share that Thermax pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Thermax a dividend aristocrat?
No, 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 Thermax a dividend king?
No, 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 Thermax a dividend stock?
Yes, Thermax is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Thermax a good dividend stock?
Whether Thermax is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Thermax has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Thermax 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.
Other factors to consider when evaluating Thermax 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.
Does Thermax pay dividends monthly?
Thermax typically pays dividends on a annually basis.
Does Thermax pay dividends quarterly?
Thermax currently pays dividends on a annually basis.
Has Thermax ever paid a dividend?
Yes, Thermax has a history of paying dividends to its shareholders. Thermax is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Thermax dividend stocks?
To buy Thermax 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Thermax 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 Thermax 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.
When does Thermax pay dividends 2024?
Thermax pays dividends on a annually basis. 2024 dividend payments are in 2024-08-05. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Thermax increase its dividend in 2024?
Decisions regarding Thermax dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Thermax dividend overview you can look into the above table of dividend history.
How Thermax dividend works?
The Thermax dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Thermax's dividend process works:
1. Determination of Dividend: Thermax'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, Thermax 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, Thermax 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 Thermax 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. Determination of Dividend: Thermax'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, Thermax 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, Thermax 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 Thermax 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.
How are Thermax dividends paid?
Thermax dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Thermax 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, Thermax distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Thermax 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.
1. Record Date: Thermax 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, Thermax distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Thermax 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.
How many times does Thermax pay dividends?
Thermax typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Thermax pay dividends?
The general pattern is that Thermax pays dividends around July. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Thermax dividend safe?
The safety of Thermax's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Thermax'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 Thermax'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.
To assess the safety of Thermax'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 Thermax'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.