Welspun Corp Limited, together with its subsidiaries, manufactures and sells steel pipes and coatings, plates, and coils in the United States, Saudi Arabia, and India. The company offers helically, longitudinally, and electric resistance welded pipes; pig iron and ductile iron pipes; billets and thermo mechanically treated rebars; stainless steel pipes, tubes, and bars, as well as double jointing, pipe bending, ID machining, and dump site and inventory management services. Its products are used in onshore and offshore oil, gas, and water transmission; downstream oil and gas distribution; anti-corrosion; infrastructure and housing construction; potable water distribution; petrochemicals, nuclear power, fertilizers, energy and power, defense, railways, and aerospace; and forging and engineering industries. The company was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. Welspun Corp Limited was incorporated in 1995 and is based in Mumbai, India.
Welspun Dividend Announcement
• Welspun announced a annually dividend of ₹5.00 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-06-28
• Welspun annual dividend for 2024 was ₹5.00
• Welspun annual dividend for 2023 was ₹5.00
• Welspun's trailing twelve-month (TTM) dividend yield is 0.65%
• Welspun's dividend growth over the last five years (2018-2023) was 37.97% year
• Welspun's dividend growth over the last ten years (2013-2023) was 25.89% year
Welspun Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-28 | ₹5.00 | annually | 2024-10-26 |
2023-06-16 | ₹5.00 | annually | 2023-10-22 |
2022-06-09 | ₹5.00 | annually | 2022-08-28 |
2021-08-09 | ₹5.00 | annually | 2021-09-30 |
2020-08-06 | ₹0.50 | annually | 2020-09-30 |
2020-02-12 | ₹10.00 | annually | 2020-03-05 |
2019-07-04 | ₹0.50 | annually | 2019-09-11 |
2018-06-26 | ₹0.50 | annually | 2018-09-13 |
2018-06-25 | ₹0.50 | annually | |
2017-06-22 | ₹0.50 | annually | 2017-10-20 |
2016-06-23 | ₹0.50 | annually | 2016-08-01 |
2015-06-18 | ₹0.50 | annually | 2015-09-30 |
2014-06-19 | ₹0.50 | annually | |
2013-09-19 | ₹0.50 | annually | 2013-10-24 |
Welspun Dividend per year
Welspun Dividend growth
Welspun Dividend Yield
Welspun current trailing twelve-month (TTM) dividend yield is 0.65%. Interested in purchasing Welspun stock? Use our calculator to estimate your expected dividend yield:
Welspun Financial Ratios
Welspun Dividend FAQ
Other factors to consider when evaluating Welspun 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: Welspun'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, Welspun 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, Welspun 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 Welspun 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: Welspun 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, Welspun distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Welspun 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 Welspun'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 Welspun'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.