The Western India Plywoods Limited manufactures and sells plywood, hard boards, densified wood, and other wood products in India. The company offers fire retardant and resin surfaced shuttering plywood for applications in industrial filters, and paneling and ceiling substrates in hotels, hospitals, theatres, etc.; marine plywood for boat building, and load and stress bearing industrial applications; and boiling water resistant plywood for use in furniture, structural work in interior design, auto motive coach building, and match-plates in foundries. It also provides standard hardboards for applications in automotive interior trims, shoe heel manufacture, fiber drum lid manufacture, clock backing, photo frame backing, furniture elements, partitions, etc.; oil tempered hardboards for shoe heel manufacture, automobile interior trims, and improving resistance to weathering; and perforated hardboards. In addition, the company offers densified wood laminates for specific heavy duty applications in various industries; pre-compressed pressboards for the high voltage and extra high voltage transformer industry; molded plywood furniture; and wooden floorings. It also exports its products. The Western India Plywoods Limited was incorporated in 1945 and is based in Kannur, India.
Western India Plywoods Dividend Announcement
• Western India Plywoods announced a annually dividend of ₹1.20 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-17
• Western India Plywoods annual dividend for 2024 was ₹1.20
• Western India Plywoods annual dividend for 2023 was ₹1.00
• Western India Plywoods's trailing twelve-month (TTM) dividend yield is 0.54%
Western India Plywoods Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | ₹1.20 | annually | 2024-10-26 |
2023-09-22 | ₹1.00 | annually | 2023-10-29 |
2022-09-22 | ₹0.80 | annually | 2022-10-29 |
2021-08-02 | ₹0.80 | annually | 2021-09-09 |
2019-09-12 | ₹0.90 | annually | 2019-10-20 |
Western India Plywoods Dividend per year
Western India Plywoods Dividend growth
Western India Plywoods Dividend Yield
Western India Plywoods current trailing twelve-month (TTM) dividend yield is 0.54%. Interested in purchasing Western India Plywoods stock? Use our calculator to estimate your expected dividend yield:
Western India Plywoods Financial Ratios
Western India Plywoods Dividend FAQ
Other factors to consider when evaluating Western India Plywoods 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: Western India Plywoods'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, Western India Plywoods 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, Western India Plywoods 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 Western India Plywoods 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: Western India Plywoods 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, Western India Plywoods distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Western India Plywoods 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 Western India Plywoods'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 Western India Plywoods'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.