Wheels India Limited, together with its subsidiary, engages in the manufacture and sale of automotive and industrial components in India and internationally. The company offers steel wheels for use in heavy and light vehicles, as well as for agricultural applications; off-road construction wheels, wire wheels, and forged aluminum wheels; air suspension systems for buses, trucks, and trailers, as well as control and specialty products; and wind turbines and machined components for various other applications. It also provides auto structural products, such as beams, boxes, columns, auto welded and manually welded plates, and rolled sections; and fabrication services for construction and mining equipment sector. Wheels India Limited was incorporated in 1960 and is based in Chennai, India.
Wheels India Dividend Announcement
• Wheels India announced a semi annually dividend of ₹7.39 per ordinary share which will be made payable on 2024-08-15. Ex dividend date: 2024-07-16
• Wheels India annual dividend for 2024 was ₹14.78
• Wheels India annual dividend for 2023 was ₹6.97
• Wheels India's trailing twelve-month (TTM) dividend yield is 2.13%
• Wheels India's dividend growth over the last five years (2018-2023) was -27.99% year
• Wheels India's dividend growth over the last ten years (2013-2023) was 4.50% year
Wheels India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-16 | ₹7.39 | semi annually | 2024-08-15 |
2024-07-10 | ₹7.39 | semi annually | 2024-08-16 |
2023-07-12 | ₹3.97 | semi annually | 2023-08-18 |
2023-02-14 | ₹3.00 | semi annually | 2023-03-02 |
2022-07-05 | ₹8.30 | semi annually | 2022-08-12 |
2021-07-27 | ₹1.00 | semi annually | 2021-09-02 |
2020-07-22 | ₹2.65 | semi annually | 2020-08-28 |
2020-02-25 | ₹3.00 | semi annually | 2020-03-14 |
2019-08-05 | ₹4.75 | semi annually | 2019-09-11 |
2019-02-15 | ₹3.25 | semi annually | 2019-03-08 |
2018-08-08 | ₹18.00 | semi annually | 2018-09-13 |
2018-02-15 | ₹6.00 | semi annually | 2018-03-08 |
2018-02-12 | ₹12.00 | semi annually | |
2017-07-28 | ₹8.00 | semi annually | 2017-09-08 |
2017-02-17 | ₹5.00 | semi annually | 2017-03-10 |
2016-07-28 | ₹5.50 | semi annually | 2016-09-08 |
2016-02-19 | ₹3.50 | semi annually | |
2015-07-30 | ₹4.50 | semi annually | 2015-09-10 |
2015-02-12 | ₹3.00 | semi annually | 2015-03-05 |
2014-08-27 | ₹4.20 | semi annually | |
2014-01-06 | ₹2.22 | semi annually | 2014-01-20 |
2013-07-30 | ₹4.49 | semi annually | 2013-09-12 |
Wheels India Dividend per year
Wheels India Dividend growth
Wheels India Dividend Yield
Wheels India current trailing twelve-month (TTM) dividend yield is 2.13%. Interested in purchasing Wheels India stock? Use our calculator to estimate your expected dividend yield:
Wheels India Financial Ratios
Wheels India Dividend FAQ
Other factors to consider when evaluating Wheels India 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: Wheels India'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, Wheels India 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, Wheels India 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 Wheels India 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: Wheels India 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, Wheels India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Wheels India 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 Wheels India'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 Wheels India'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.