Veejay Lakshmi Engineering Works Ltd. engages in the manufacture of textile machinery. It operates through the Engineering and Textile segments. The Engineering segment manufactures two for one twister and assembly winders. The Textile segment produces yarn and fabrics. The company was founded on August 26, 1974 and is headquartered in Coimbatore, India.
Veejay Lakshmi Engineering Works Dividend Announcement
• Veejay Lakshmi Engineering Works announced a annually dividend of ₹1.50 per ordinary share which will be made payable on . Ex dividend date: 2011-09-05
• Veejay Lakshmi Engineering Works's trailing twelve-month (TTM) dividend yield is -%
Veejay Lakshmi Engineering Works Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2011-09-05 | ₹1.50 | annually | |
| 2008-09-11 | ₹1.00 | annually | |
| 2007-09-17 | ₹2.00 | annually | |
| 2006-09-14 | ₹2.00 | annually | |
| 2005-09-09 | ₹2.00 | annually | |
| 2004-07-30 | ₹2.00 | annually |
Veejay Lakshmi Engineering Works Dividend per year
Veejay Lakshmi Engineering Works Dividend growth
Veejay Lakshmi Engineering Works Dividend Yield
Veejay Lakshmi Engineering Works current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Veejay Lakshmi Engineering Works stock? Use our calculator to estimate your expected dividend yield:
Veejay Lakshmi Engineering Works Financial Ratios
P/E ratio-7.59
PEG ratio4.33
P/B ratio1.39
ROE-36.05%
Payout ratio0.00%
Current ratio0.96
Quick ratio0.35
Cash Ratio0.02
Veejay Lakshmi Engineering Works Dividend FAQ
Does Veejay Lakshmi Engineering Works stock pay dividends?
Veejay Lakshmi Engineering Works does not currently pay dividends to its shareholders.
Has Veejay Lakshmi Engineering Works ever paid a dividend?
No, Veejay Lakshmi Engineering Works has no a history of paying dividends to its shareholders. Veejay Lakshmi Engineering Works is not known for its dividend payments.
Why doesn't Veejay Lakshmi Engineering Works pay dividends?
There are several potential reasons why Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works a dividend aristocrat?
Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works a dividend king?
Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works a dividend stock?
No, Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works stocks?
To buy Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works 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 Veejay Lakshmi Engineering Works 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.