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Vardhman Special Steels Limited manufactures and sells billets, steel bars, and bright bars of various categories of special and alloy steels in India and internationally. The company serves engineering, automotive, tractor, bearing, and allied industries. Vardhman Special Steels Limited was founded in 1973 and is headquartered in Ludhiana, India.

Vardhman Special Steels Dividend Announcement

Vardhman Special Steels announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-10-19. Ex dividend date: 2024-09-06
Vardhman Special Steels annual dividend for 2024 was ₹2.00
Vardhman Special Steels annual dividend for 2023 was ₹2.00
Vardhman Special Steels's trailing twelve-month (TTM) dividend yield is 0.76%

Vardhman Special Steels Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-06₹2.00annually2024-10-19
2023-09-15₹2.00annually2023-10-27
2022-09-16₹3.50annually2022-10-30
2021-09-02₹1.50annually2021-10-17

Vardhman Special Steels Dividend per year

Vardhman Special Steels Dividend growth

Vardhman Special Steels Dividend Yield

Vardhman Special Steels current trailing twelve-month (TTM) dividend yield is 0.76%. Interested in purchasing Vardhman Special Steels stock? Use our calculator to estimate your expected dividend yield:

Vardhman Special Steels Financial Ratios

P/E ratio20.15
PEG ratio-0.05
P/B ratio2.84
ROE14.91%
Payout ratio0.00%
Current ratio2.03
Quick ratio1.05
Cash Ratio0.02

Vardhman Special Steels Dividend FAQ

How much is the next Vardhman Special Steels dividend?
Vardhman Special Steels's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Vardhman Special Steels dividend. The next Vardhman Special Steels dividend will be released in September.
When is Vardhman Special Steels dividend paid?
Vardhman Special Steels pays dividends on a annually basis. The specific dates may vary each year but are generally around September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Vardhman Special Steels pay?
The specific amount of Vardhman Special Steels dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Vardhman Special Steels's dividend history.
Does Vardhman Special Steels stock pay dividends?
Yes, Vardhman Special Steels does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Vardhman Special Steels's dividend history.
How much dividend does Vardhman Special Steels pay?
Vardhman Special Steels paid ₹2.0 in 2024, ₹2.0 in 2023, ₹3.5 in 2022, ₹1.5 in 2021, and ₹0.0 in 2020.
How often does Vardhman Special Steels pay dividends?
Vardhman Special Steels typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Vardhman Special Steels's dividend yield?
The current dividend yield for Vardhman Special Steels is 0.76%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Vardhman Special Steels's exact dividend yield.
When does Vardhman Special Steels go ex dividend?
Vardhman Special Steels's ex-dividend date for the latest dividend was on 2024-09-06. Vardhman Special Steels typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Vardhman Special Steels dividend paid?
Vardhman Special Steels pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Vardhman Special Steels increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Vardhman Special Steels will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Vardhman Special Steels dividend per share?
Vardhman Special Steels paid ₹2.0 per share in 2024 and ₹2.0 per share in 2023. The amount of dividend per share that Vardhman Special Steels pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Vardhman Special Steels a dividend aristocrat?
No, 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 Vardhman Special Steels a dividend king?
No, 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 Vardhman Special Steels a dividend stock?
Yes, Vardhman Special Steels is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Vardhman Special Steels a good dividend stock?
Whether Vardhman Special Steels is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Vardhman Special Steels has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Vardhman Special Steels 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.
Does Vardhman Special Steels pay dividends monthly?
Vardhman Special Steels typically pays dividends on a annually basis.
Does Vardhman Special Steels pay dividends quarterly?
Vardhman Special Steels currently pays dividends on a annually basis.
Has Vardhman Special Steels ever paid a dividend?
Yes, Vardhman Special Steels has a history of paying dividends to its shareholders. Vardhman Special Steels is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Vardhman Special Steels dividend stocks?
To buy Vardhman Special Steels 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Vardhman Special Steels 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.
When does Vardhman Special Steels pay dividends 2024?
Vardhman Special Steels pays dividends on a annually basis. 2024 dividend payments are in 2024-10-19. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Vardhman Special Steels increase its dividend in 2024?
Decisions regarding Vardhman Special Steels dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Vardhman Special Steels dividend overview you can look into the above table of dividend history.
How Vardhman Special Steels dividend works?
The Vardhman Special Steels dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Vardhman Special Steels's dividend process works:

1. Determination of Dividend: Vardhman Special Steels'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, Vardhman Special Steels 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, Vardhman Special Steels 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 Vardhman Special Steels 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.
How are Vardhman Special Steels dividends paid?
Vardhman Special Steels dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Vardhman Special Steels 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, Vardhman Special Steels distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Vardhman Special Steels 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.
How many times does Vardhman Special Steels pay dividends?
Vardhman Special Steels typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Vardhman Special Steels pay dividends?
The general pattern is that Vardhman Special Steels pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Vardhman Special Steels dividend safe?
The safety of Vardhman Special Steels's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Vardhman Special Steels'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 Vardhman Special Steels'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.