Veto Switchgears and Cables Limited, together with its subsidiaries, manufactures and sells wires and cables, and electrical accessories in India and internationally. The company operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. It provides electrical accessories, including vyoma, carino, and power modular switches, as well as PUF and ZAC switches; and MCBs/isolators/distribution boxes, and bells and extension cords. The company also offers wires and cables, such as multi strand, L.T. industrial, and copper flexible cables; ceiling, ventilation, and fresh air fans, as well as submersible pumps; and LED panels, street lights, flood lights, concealed lights, deep lights, bulbs, and tubelights, as well as surface and spot lights, wall and track lights, and strip lights and lighting chains. In addition, it provides telephone and co-axial wires, compact fluorescent lamps, slim panel lights, immersion heaters, distribution boards, and other electrical accessories, such as switch socket, MCB, bell, and all other electrical accessories. The company markets its products under the VETO and VIMAL POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.
Veto Switchgears and Cables Dividend Announcement
• Veto Switchgears and Cables announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-09-20
• Veto Switchgears and Cables annual dividend for 2024 was ₹1.00
• Veto Switchgears and Cables annual dividend for 2023 was ₹1.00
• Veto Switchgears and Cables's trailing twelve-month (TTM) dividend yield is 0.75%
Veto Switchgears and Cables Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | ₹1.00 | annually | 2024-10-28 |
2023-09-22 | ₹1.00 | annually | 2023-10-29 |
2022-09-20 | ₹1.00 | annually | 2022-10-28 |
2021-09-21 | ₹1.00 | annually | 2021-10-29 |
2018-09-25 | ₹2.00 | annually | 2018-10-29 |
2017-09-25 | ₹1.00 | annually | 2017-10-29 |
2017-02-22 | ₹1.00 | annually | 2017-03-15 |
2016-09-22 | ₹1.50 | annually | 2016-10-28 |
2016-01-28 | ₹0.50 | annually | 2016-02-17 |
Veto Switchgears and Cables Dividend per year
Veto Switchgears and Cables Dividend growth
Veto Switchgears and Cables Dividend Yield
Veto Switchgears and Cables current trailing twelve-month (TTM) dividend yield is 0.75%. Interested in purchasing Veto Switchgears and Cables stock? Use our calculator to estimate your expected dividend yield:
Veto Switchgears and Cables Financial Ratios
Veto Switchgears and Cables Dividend FAQ
Other factors to consider when evaluating Veto Switchgears and Cables 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: Veto Switchgears and Cables'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, Veto Switchgears and Cables 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, Veto Switchgears and Cables 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 Veto Switchgears and Cables 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: Veto Switchgears and Cables 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, Veto Switchgears and Cables distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Veto Switchgears and Cables 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 Veto Switchgears and Cables'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 Veto Switchgears and Cables'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.