Timken India Limited manufactures and distributes tapered roller bearings, other roller bearings, components, and accessories for the automotive sector and railway industry in India, the United States, and internationally. The company offers cylindrical roller, plain, spherical roller, tapered roller, thrust, precision, slewing, and ball bearing, as well as seals, maintenance tools, housed units, and wheel hub under the Timken brand; and integrated bearing assemblies, driveline center support bearings for commercial and light vehicles, and lubrication and lubrication systems. It also provides mechanical power transmission products, such as encoders, gear boxes/transmissions, couplings and joints, belts, augers, linear motion products, brakes and clutches, commercial vehicles wheels and accessories and tools, and chains. In addition, the company offers maintenance contract and refurbishment services; and uptower and motor repair services. The company was formerly known as Tata Timken Limited and changed its name to Timken India Limited in July 1999. The company was incorporated in 1987 and is based in Bengaluru, India. Timken India Limited is a subsidiary of Timken Singapore PTE Limited.
Timken India Dividend Announcement
• Timken India announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-09-18. Ex dividend date: 2024-07-26
• Timken India annual dividend for 2024 was ₹2.50
• Timken India annual dividend for 2023 was ₹1.50
• Timken India's trailing twelve-month (TTM) dividend yield is 0.07%
• Timken India's dividend growth over the last five years (2018-2023) was 8.45% year
Timken India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-26 | ₹2.50 | annually | 2024-09-18 |
2023-08-04 | ₹1.50 | annually | 2023-09-20 |
2022-08-11 | ₹1.50 | annually | 2022-09-22 |
2021-07-29 | ₹1.50 | annually | 2021-09-22 |
2020-07-23 | ₹50.00 | annually | 2020-09-19 |
2019-08-02 | ₹1.00 | annually | 2019-09-11 |
2018-08-02 | ₹1.00 | annually | 2018-09-09 |
2017-08-01 | ₹1.00 | annually | 2017-09-08 |
2016-08-02 | ₹1.00 | annually | 2016-09-09 |
2014-11-20 | ₹3.00 | annually | 2014-11-28 |
2013-11-20 | ₹6.50 | annually | 2013-11-29 |
2013-07-23 | ₹2.00 | annually | 2013-08-31 |
2011-11-21 | ₹20.00 | annually | 2011-12-07 |
Timken India Dividend per year
Timken India Dividend growth
Timken India Dividend Yield
Timken India current trailing twelve-month (TTM) dividend yield is 0.07%. Interested in purchasing Timken India stock? Use our calculator to estimate your expected dividend yield:
Timken India Financial Ratios
Timken India Dividend FAQ
Other factors to consider when evaluating Timken India 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: Timken India'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, Timken India 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, Timken India 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 Timken India 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: Timken India 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, Timken India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Timken India 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 Timken India'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 Timken India'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.