Trident Texofab Ltd. engages in the manufacture of fabrics in home furnishing products, garments and technical textiles. Its products include curtains, cushion covers, shower curtain, quilt set, bed sheet, and laundry basket. The company was founded by Mr. Hardik Jigishkumar Desai and Mr. Chetan Chandrakant Jariwala in 2008 and is headquartered in Surat, India.
Trident Texofab Dividend Announcement
• Trident Texofab announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2019-08-28. Ex dividend date: 2019-07-18
• Trident Texofab's trailing twelve-month (TTM) dividend yield is -%
Trident Texofab Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2019-07-18 | ₹1.00 | annually | 2019-08-28 |
| 2018-07-02 | ₹1.00 | annually | 2018-08-09 |
Trident Texofab Dividend per year
Trident Texofab Dividend Yield
Trident Texofab current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Trident Texofab stock? Use our calculator to estimate your expected dividend yield:
Trident Texofab Financial Ratios
P/E ratio51.91
PEG ratio0.52
P/B ratio6.23
ROE13.01%
Payout ratio0.00%
Current ratio1.33
Quick ratio1.08
Cash Ratio0.00
Trident Texofab Dividend FAQ
Does Trident Texofab stock pay dividends?
Trident Texofab does not currently pay dividends to its shareholders.
Has Trident Texofab ever paid a dividend?
No, Trident Texofab has no a history of paying dividends to its shareholders. Trident Texofab is not known for its dividend payments.
Why doesn't Trident Texofab pay dividends?
There are several potential reasons why Trident Texofab 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 Trident Texofab 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 Trident Texofab 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 Trident Texofab a dividend aristocrat?
Trident Texofab 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 Trident Texofab a dividend king?
Trident Texofab 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 Trident Texofab a dividend stock?
No, Trident Texofab 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 Trident Texofab stocks?
To buy Trident Texofab 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 Trident Texofab 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 Trident Texofab 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.