Vinati Organics Limited, a specialty chemical company, engages in the manufacture and sale of specialty organic intermediaries and monomers primarily in India. It offers specialty monomers comprising 2-acrylamido 2-methylpropane sulphonic acid, sodium salt of 2-acrylamido-2-methylpropane sulphonic acid, N-tertiary butyl acrylamide, and N-tertiary octyl acrylamide. The company also provides aromatics, including isobutyl benzene, which is used as raw material for manufacturing ibuprofen, an anti-inflammatory analgesic bulk drug; normal butyl benzene that is used as compound for chemical synthesis of a number of intermediates; hexenes, which is used as low boiling point solvents, as thinners, for solvent extractions, in tire retreading, as octane booster for gasoline, and for manufacturing C-5/C-6 aliphatic petroleum; and butyl phenols. In addition, it offers methyl-4-tert butyl benzoate; para tertiary butyl benzoic acid; isobutylene, a carbon branched olefin; methanol for use as a chemical intermediate; high purity methyl tertiary butyl ether that is used as a solvent in organic synthesis, pharmaceutical synthesis, and synthesis of Grignard's reagent; tertiary-butylamine; and polymers for use in industries, such as construction, ceramics, oil drilling, mining, leather, and paper. The company also exports its products primarily to the United States, Europe, and Asia. Vinati Organics Limited was incorporated in 1989 and is based in Mumbai, India.
Vinati Organics Dividend Announcement
• Vinati Organics announced a annually dividend of ₹7.00 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-09-03
• Vinati Organics annual dividend for 2024 was ₹7.00
• Vinati Organics annual dividend for 2023 was ₹7.00
• Vinati Organics's trailing twelve-month (TTM) dividend yield is 0.37%
• Vinati Organics's dividend growth over the last five years (2018-2023) was 9.24% year
• Vinati Organics's dividend growth over the last ten years (2013-2023) was 10.84% year
Vinati Organics Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-03 | ₹7.00 | annually | 2024-10-10 |
2023-09-01 | ₹7.00 | annually | 2023-10-08 |
2022-09-06 | ₹6.50 | annually | 2022-09-16 |
2021-06-24 | ₹6.00 | annually | 2021-07-07 |
2020-09-17 | ₹0.50 | annually | 2020-09-30 |
2020-03-12 | ₹5.00 | annually | 2020-03-18 |
2019-07-16 | ₹7.00 | annually | 2019-07-31 |
2018-07-17 | ₹4.50 | annually | 2018-08-01 |
2017-07-18 | ₹0.50 | annually | 2017-08-02 |
2016-07-25 | ₹0.50 | annually | |
2016-03-21 | ₹3.50 | annually | |
2015-07-28 | ₹3.50 | annually | |
2014-07-28 | ₹3.00 | annually | |
2013-07-23 | ₹2.50 | annually |
Vinati Organics Dividend per year
Vinati Organics Dividend growth
Vinati Organics Dividend Yield
Vinati Organics current trailing twelve-month (TTM) dividend yield is 0.37%. Interested in purchasing Vinati Organics stock? Use our calculator to estimate your expected dividend yield:
Vinati Organics Financial Ratios
Vinati Organics Dividend FAQ
Other factors to consider when evaluating Vinati Organics 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: Vinati Organics'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, Vinati Organics 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, Vinati Organics 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 Vinati Organics 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: Vinati Organics 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, Vinati Organics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Vinati Organics 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 Vinati Organics'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 Vinati Organics'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.