Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, and other accessories and products in India and internationally. It operates through four segments: Watches & Wearables, Jewellery, Eyewear, and Others. The company offers watches and accessories under the Titan Edge, Titan Raga, Nebula, Purple, Automatic, Octane, Fastrack, Titan HTSE, Zoop, Sonata, Favre-Leuba, SF, Xylys, and World of Titan. It also provides jewelry products under the Mia, CaratLane, Tanishq, and Zoya brands; and retails watches under the Helios brand. In addition, the company offers optical products under the Titan EyePlus brand, as well as Fastrack and Glares brands. Further, it provides a range of fragrance products under the SKINN brand; and sarees, lehengas, bridal wear, yardages, stoles, and dupattas under the Taneira brand, as well as engages in the precision component manufacturing and designing, and automation machines manufacturing activities for the aerospace and defense industries. The company offers its products through retail stores and dealers, as well as online. As of March 31, 2022, it operated approximately 2,718 stores with approximately 2.8 million square feet of retail space. The company was formerly known as Titan Industries Limited and changed its name to Titan Company Limited in August 2013. Titan Company Limited was incorporated in 1984 and is based in Bengaluru, India.
Titan Dividend Announcement
• Titan announced a semi annually dividend of ₹11.00 per ordinary share which will be made payable on 2024-08-11. Ex dividend date: 2024-06-27
• Titan annual dividend for 2024 was ₹11.00
• Titan annual dividend for 2023 was ₹20.00
• Titan's trailing twelve-month (TTM) dividend yield is 0.34%
• Titan's dividend growth over the last five years (2018-2023) was 39.77% year
• Titan's dividend growth over the last ten years (2013-2023) was 25.28% year
Titan Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-27 | ₹11.00 | semi annually | 2024-08-11 |
2023-07-13 | ₹10.00 | semi annually | 2023-08-31 |
2023-06-26 | ₹10.00 | semi annually | |
2022-07-08 | ₹7.50 | semi annually | 2022-08-25 |
2021-07-22 | ₹4.00 | semi annually | 2021-09-01 |
2020-08-04 | ₹4.00 | semi annually | 2020-09-10 |
2020-08-03 | ₹4.00 | semi annually | |
2019-07-30 | ₹5.00 | semi annually | 2019-09-05 |
2019-07-29 | ₹5.00 | semi annually | |
2018-07-23 | ₹3.75 | semi annually | 2018-08-10 |
2017-07-24 | ₹2.60 | semi annually | 2017-08-10 |
2016-03-22 | ₹2.20 | semi annually | 2016-03-31 |
2015-07-17 | ₹2.30 | semi annually | 2015-08-07 |
2014-07-15 | ₹2.10 | semi annually | 2014-08-08 |
2013-07-16 | ₹2.10 | semi annually | 2013-08-07 |
Titan Dividend per year
Titan Dividend growth
Titan Dividend Yield
Titan current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing Titan stock? Use our calculator to estimate your expected dividend yield:
Titan Financial Ratios
Titan Dividend FAQ
Other factors to consider when evaluating Titan 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: Titan'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, Titan 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, Titan 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 Titan 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: Titan 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, Titan distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Titan 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 Titan'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 Titan'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.