Tuni Textile Mills Ltd. engages in the manufacture of grey fabrics. It offers polyester, cotton, polyester-cotton, polyester-viscose, and cotton-linen. The company was founded by Narendra Kumar P. Sureka and Pradeep Kumar P. Sureka on July 6, 1987 and is headquartered in Mumbai, India.
Tuni Textile Mills Dividend Announcement
• Tuni Textile Mills does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Tuni Textile Mills dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Tuni Textile Mills Dividend History
Tuni Textile Mills Dividend Yield
Tuni Textile Mills current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Tuni Textile Mills stock? Use our calculator to estimate your expected dividend yield:
Tuni Textile Mills Financial Ratios
P/E ratio58.44
PEG ratio0.03
P/B ratio1.68
ROE5.81%
Payout ratio0.00%
Current ratio1.45
Quick ratio0.64
Cash Ratio0.00
Tuni Textile Mills Dividend FAQ
Does Tuni Textile Mills stock pay dividends?
Tuni Textile Mills does not currently pay dividends to its shareholders.
Has Tuni Textile Mills ever paid a dividend?
No, Tuni Textile Mills has no a history of paying dividends to its shareholders. Tuni Textile Mills is not known for its dividend payments.
Why doesn't Tuni Textile Mills pay dividends?
There are several potential reasons why Tuni Textile Mills 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 Tuni Textile Mills 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 Tuni Textile Mills 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 Tuni Textile Mills a dividend aristocrat?
Tuni Textile Mills 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 Tuni Textile Mills a dividend king?
Tuni Textile Mills 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 Tuni Textile Mills a dividend stock?
No, Tuni Textile Mills 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 Tuni Textile Mills stocks?
To buy Tuni Textile Mills 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 Tuni Textile Mills 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 Tuni Textile Mills 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.