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 0.23%
• 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 0.23%. Interested in purchasing Thermax stock? Use our calculator to estimate your expected dividend yield:
Thermax Financial Ratios
Thermax Dividend FAQ
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.
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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. 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.
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.