Vakrangee Limited, a technology company, provides banking, ATM, insurance, financial services, e-governance, e-commerce, and logistics services in India. The company offers bank account opening, cash deposits, withdrawals, money transfer, fixed and recurring deposits, balance enquiry, statement of accounts, money disbursement, consumer loans, housing loans, SME and working capital loans, and domestic money transfer services; and life insurance, motor insurance, health insurance, and social security and micro insurance schemes. It also operates assisted online shopping and healthcare, assisted travel services, and telecom and bill payments services platforms, as well as offers courier and logistics services. The company operates approximately 11,730 Vakrangee Kendra outlets. The company was formerly known as Vakrangee Softwares Limited and changed its name to Vakrangee Limited in October 2013. Vakrangee Limited was incorporated in 1990 and is based in Mumbai, India.
Vakrangee Dividend Announcement
• Vakrangee announced a annually dividend of ₹0.05 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-20
• Vakrangee annual dividend for 2024 was ₹0.05
• Vakrangee annual dividend for 2023 was ₹0.05
• Vakrangee's trailing twelve-month (TTM) dividend yield is 0.19%
• Vakrangee's dividend growth over the last five years (2018-2023) was -27.52% year
• Vakrangee's dividend growth over the last ten years (2013-2023) was -12.94% year
Vakrangee Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹0.05 | annually | 2024-10-27 |
2023-09-01 | ₹0.05 | annually | 2023-10-08 |
2022-09-22 | ₹0.05 | annually | 2022-10-27 |
2021-08-20 | ₹0.10 | annually | 2021-09-29 |
2020-09-24 | ₹0.25 | annually | 2020-10-28 |
2019-09-19 | ₹0.25 | annually | 2019-10-25 |
2018-09-19 | ₹0.25 | annually | 2018-10-28 |
2017-09-14 | ₹2.00 | annually | 2017-10-23 |
2016-09-22 | ₹1.25 | annually | 2016-10-30 |
2015-09-23 | ₹0.25 | annually | 2015-10-29 |
2014-09-19 | ₹0.25 | annually | 2014-10-30 |
2013-09-02 | ₹0.20 | annually | 2013-10-10 |
Vakrangee Dividend per year
Vakrangee Dividend growth
Vakrangee Dividend Yield
Vakrangee current trailing twelve-month (TTM) dividend yield is 0.19%. Interested in purchasing Vakrangee stock? Use our calculator to estimate your expected dividend yield:
Vakrangee Financial Ratios
Vakrangee Dividend FAQ
Other factors to consider when evaluating Vakrangee 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 Vakrangee 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: Vakrangee'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, Vakrangee 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, Vakrangee 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 Vakrangee 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: Vakrangee 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, Vakrangee distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Vakrangee 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 Vakrangee'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 Vakrangee'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.