company-logo

Westlife Development Limited, through its subsidiary, Hardcastle Restaurants Private Limited, owns and operates a chain of McDonald's restaurants in Western and Southern India. The company operates through various formats and brand extensions, such as standalone restaurants, drive-thru's, mall food courts, McDelivery, McBreakfast, McCafe, and dessert kiosks. As of July 29, 2022, it operated 331 restaurants, 267 McCafe's, 65 drive-throughs, and 132 restaurants across 48 cities in India. Westlife Development Limited was incorporated in 1982 and is based in Mumbai, India.

Westlife Development Dividend Announcement

Westlife Development announced a annually dividend of ₹3.45 per ordinary share which will be made payable on 2023-08-26. Ex dividend date: 2023-08-08
Westlife Development's trailing twelve-month (TTM) dividend yield is -%

Westlife Development Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-08-08₹3.45annually2023-08-26

Westlife Development Dividend per year

Westlife Development Dividend Yield

Westlife Development current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Westlife Development stock? Use our calculator to estimate your expected dividend yield:

Westlife Development Financial Ratios

P/E ratio649.88
PEG ratio6.50
P/B ratio23.63
ROE3.70%
Payout ratio0.00%
Current ratio0.68
Quick ratio0.29
Cash Ratio0.08

Westlife Development Dividend FAQ

Does Westlife Development stock pay dividends?
Westlife Development does not currently pay dividends to its shareholders.
Has Westlife Development ever paid a dividend?
No, Westlife Development has no a history of paying dividends to its shareholders. Westlife Development is not known for its dividend payments.
Why doesn't Westlife Development pay dividends?
There are several potential reasons why Westlife Development would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Westlife Development ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Westlife Development has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Westlife Development a dividend aristocrat?
Westlife Development is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Westlife Development a dividend king?
Westlife Development is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Westlife Development a dividend stock?
No, Westlife Development is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Westlife Development stocks?
To buy Westlife Development you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Westlife Development stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.