![company-logo](/_next/image?url=https%3A%2F%2Fwww.idividendstocks.com%2Fapi%2Fsymbol%2Fimage%2FTRIVENI.NS.png&w=384&q=75)
Triveni Engineering & Industries Limited engages in the sugar and engineering businesses in India and internationally. The company manufactures and sells white crystal sugar for beverages, food, and fast moving consumer goods (FMCG) companies; pharmaceutical companies; and confectionery producers, as well as offers sugar under the Shagun brand. It also sells surplus molasses and bagasse produced as a by-product in the manufacture of sugar; produces ethanol, extra neutral alcohol, rectified spirit, and denatured spirit; and operates a 104.5 MW grid connected co-generation facility. In addition, the company manufactures and sells high-speed gears and gearboxes for gas and steam turbines, compressors, pumps, blowers, and other industry applications; low-speed gearboxes for hydel turbines, steel mills, sugar mills, rubber mixers and extruders, cement mills, thermal plants, plastics, and other industries; and reciprocating compressors, pumps, and marine offerings. Further, it provides diagnostics and troubleshooting support, reverse engineering, replacement solutions, overhauling, on-site training and assistance, upgradation and automation of existing plants, and installation and commissioning services; refurbishment solutions; and health monitoring of gearboxes. Additionally, the company offers water and wastewater management solutions, as well as recycles water; trades in various FMCG; and retails diesel/petrol. It also develops and manufactures propulsion gearboxes, auxiliary power gas turbines generators, steam turbines, turbo alternator turbines, turbo pumps for the Indian defense forces, as well as steering systems. Triveni Engineering & Industries Limited was incorporated in 1932 and is headquartered in Noida, India.
Triveni Engineering & Industries Dividend Announcement
• Triveni Engineering & Industries announced a semi annually dividend of ₹1.25 per ordinary share which will be made payable on 2024-10-13. Ex dividend date: 2024-09-06
• Triveni Engineering & Industries annual dividend for 2024 was ₹3.50
• Triveni Engineering & Industries annual dividend for 2023 was ₹3.25
• Triveni Engineering & Industries's trailing twelve-month (TTM) dividend yield is 0.8%
Triveni Engineering & Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-06 | ₹1.25 | semi annually | 2024-10-13 |
2024-02-09 | ₹2.25 | semi annually | |
2023-09-01 | ₹3.25 | semi annually | 2023-10-08 |
2022-08-12 | ₹2.00 | semi annually | 2022-09-23 |
2021-11-09 | ₹1.25 | semi annually | 2021-11-25 |
2021-09-08 | ₹1.75 | semi annually | 2021-10-08 |
2020-02-18 | ₹1.10 | semi annually | 2020-03-11 |
2019-02-25 | ₹0.70 | semi annually | 2019-03-15 |
2017-08-22 | ₹0.25 | semi annually | 2017-09-09 |
2013-02-12 | ₹0.10 | semi annually | 2013-03-01 |
2012-02-03 | ₹0.20 | semi annually | 2012-03-11 |
2011-02-11 | ₹0.15 | semi annually | 2011-02-28 |
2010-05-18 | ₹0.40 | semi annually | 2010-05-24 |
2009-12-22 | ₹0.70 | semi annually | 2010-02-01 |
2009-05-11 | ₹0.30 | semi annually | 2009-05-16 |
Triveni Engineering & Industries Dividend per year
Triveni Engineering & Industries Dividend growth
Triveni Engineering & Industries Dividend Yield
Triveni Engineering & Industries current trailing twelve-month (TTM) dividend yield is 0.8%. Interested in purchasing Triveni Engineering & Industries stock? Use our calculator to estimate your expected dividend yield:
Triveni Engineering & Industries Financial Ratios
Triveni Engineering & Industries Dividend FAQ
Other factors to consider when evaluating Triveni Engineering & Industries 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.
Place an order: Use the brokerage's trading platform to place an order to buy Triveni Engineering & Industries 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.
1. Determination of Dividend: Triveni Engineering & Industries'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, Triveni Engineering & Industries 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, Triveni Engineering & Industries 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 Triveni Engineering & Industries 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: Triveni Engineering & Industries 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, Triveni Engineering & Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Triveni Engineering & Industries 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 Triveni Engineering & Industries'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 Triveni Engineering & Industries'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.