Varun Beverages Limited, together with its subsidiaries, operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company manufactures, bottles, distributes, and sells a range of CSDs under the Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke's Soda, Sting, Pepsi Black, Mountain Dew Ice, Slice Fizzy, and Teem brands. It also produces and distributes NCBs under the of Tropicana Slice, Tropicana Juices, Seven-Up Nimbooz, Gatorade, and Quaker Oats Milk brand names, as well as packaged drinking water under the Aquafina and Aquavess brand names. In addition, the company holds the franchise for Ole brand of PepsiCo products in Sri Lanka. It sells its products to retail outlets directly and through distributors in India, as well as territories of Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. The company was incorporated in 1995 and is based in Gurugram, India. Varun Beverages Limited is a subsidiary of RJ Corp Limited.
Varun Beverages Dividend Announcement
• Varun Beverages announced a quarterly dividend of ₹7.81 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-08-09
• Varun Beverages annual dividend for 2024 was ₹9.06
• Varun Beverages annual dividend for 2023 was ₹4.25
• Varun Beverages's trailing twelve-month (TTM) dividend yield is 0.42%
• Varun Beverages's dividend growth over the last five years (2018-2023) was 11.20% year
Varun Beverages Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-09 | ₹7.81 | quarterly | 2024-08-29 |
2024-04-04 | ₹1.25 | quarterly | |
2023-08-14 | ₹1.25 | quarterly | 2023-09-02 |
2023-04-12 | ₹1.00 | quarterly | 2023-04-26 |
2023-03-17 | ₹2.00 | quarterly | |
2022-08-11 | ₹2.50 | quarterly | 2022-08-31 |
2021-08-11 | ₹2.50 | quarterly | 2021-09-01 |
2020-08-14 | ₹2.50 | quarterly | 2020-09-03 |
2019-08-26 | ₹2.50 | quarterly | 2019-08-31 |
2018-08-20 | ₹2.50 | quarterly | 2018-09-08 |
2017-08-16 | ₹2.50 | quarterly | 2017-09-08 |
Varun Beverages Dividend per year
Varun Beverages Dividend growth
Varun Beverages Dividend Yield
Varun Beverages current trailing twelve-month (TTM) dividend yield is 0.42%. Interested in purchasing Varun Beverages stock? Use our calculator to estimate your expected dividend yield:
Varun Beverages Financial Ratios
Varun Beverages Dividend FAQ
Other factors to consider when evaluating Varun Beverages 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.
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1. Determination of Dividend: Varun Beverages'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, Varun Beverages 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, Varun Beverages 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 Varun Beverages 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: Varun Beverages 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, Varun Beverages distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Varun Beverages 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 Varun Beverages'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 Varun Beverages'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.