Ultracab India Ltd. engages in the manufacture and exportation of wires and cables in India. Its products include Domestic Cables, International Cables, and Special Cables. The company was founded on December 19, 2007, and is headquartered in Mumbai, India.
Ultracab Dividend Announcement
• Ultracab announced a annually dividend of ₹0.07 per ordinary share which will be made payable on 2018-10-22. Ex dividend date: 2018-09-14
• Ultracab's trailing twelve-month (TTM) dividend yield is -%
Ultracab Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2018-09-14 | ₹0.07 | annually | 2018-10-22 |
| 2017-11-16 | ₹0.07 | annually | 2017-11-30 |
Ultracab Dividend per year
Ultracab Dividend Yield
Ultracab current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Ultracab stock? Use our calculator to estimate your expected dividend yield:
Ultracab Financial Ratios
P/E ratio21.39
PEG ratio5.99
P/B ratio3.99
ROE39.03%
Payout ratio0.00%
Current ratio2.86
Quick ratio0.80
Cash Ratio0.08
Ultracab Dividend FAQ
Does Ultracab stock pay dividends?
Ultracab does not currently pay dividends to its shareholders.
Has Ultracab ever paid a dividend?
No, Ultracab has no a history of paying dividends to its shareholders. Ultracab is not known for its dividend payments.
Why doesn't Ultracab pay dividends?
There are several potential reasons why Ultracab 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 Ultracab 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 Ultracab 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 Ultracab a dividend aristocrat?
Ultracab 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 Ultracab a dividend king?
Ultracab 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 Ultracab a dividend stock?
No, Ultracab 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 Ultracab stocks?
To buy Ultracab 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 Ultracab 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 Ultracab 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.