West Coast Paper Mills Limited produces and sells pulp, paper, and paper boards in India. It operates through two segments, Paper/Paperboard and Telecommunication Cables. The company provides printing and writing paper, machine-glazed paper and boards, security and hi-value grades paper, cup stock and coated duplex boards, and business stationery products, as well as premium printing paper under the WESCO brand. It is also involved in the production and sale of optical fiber cables; and wind power generation business. The company exports its paper products to the Asia Pacific, the Middle East, the Mediterranean, and the African subcontinents. West Coast Paper Mills Limited was incorporated in 1955 and is based in Kolkata, India.
West Coast Paper Mills Dividend Announcement
• West Coast Paper Mills announced a annually dividend of ₹8.00 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-06
• West Coast Paper Mills annual dividend for 2024 was ₹8.00
• West Coast Paper Mills annual dividend for 2023 was ₹10.00
• West Coast Paper Mills's trailing twelve-month (TTM) dividend yield is 1.3%
• West Coast Paper Mills's dividend growth over the last five years (2018-2023) was 4.56% year
West Coast Paper Mills Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-06 | ₹8.00 | annually | 2024-09-13 |
2023-08-09 | ₹10.00 | annually | 2023-09-15 |
2022-08-08 | ₹6.00 | annually | 2022-09-16 |
2021-09-15 | ₹1.00 | annually | 2021-10-22 |
2020-03-19 | ₹5.00 | annually | 2020-03-26 |
2020-03-16 | ₹5.00 | annually | |
2019-07-25 | ₹5.00 | annually | 2019-09-07 |
2019-07-22 | ₹5.00 | annually | |
2018-08-16 | ₹4.00 | annually | |
2018-08-09 | ₹4.00 | annually | 2018-09-21 |
2017-08-16 | ₹2.50 | annually | 2017-09-30 |
2016-08-18 | ₹1.00 | annually | 2016-09-05 |
2014-07-15 | ₹1.00 | annually | 2014-08-30 |
2013-07-15 | ₹1.00 | annually | 2013-08-16 |
2012-07-13 | ₹0.20 | annually | 2012-08-30 |
West Coast Paper Mills Dividend per year
West Coast Paper Mills Dividend growth
West Coast Paper Mills Dividend Yield
West Coast Paper Mills current trailing twelve-month (TTM) dividend yield is 1.3%. Interested in purchasing West Coast Paper Mills stock? Use our calculator to estimate your expected dividend yield:
West Coast Paper Mills Financial Ratios
West Coast Paper Mills Dividend FAQ
Other factors to consider when evaluating West Coast Paper Mills 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: West Coast Paper Mills'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, West Coast Paper Mills 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, West Coast Paper Mills 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 West Coast Paper Mills 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: West Coast Paper Mills 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, West Coast Paper Mills distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: West Coast Paper Mills 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 West Coast Paper Mills'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 West Coast Paper Mills'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.