XTGlobal Infotech Ltd. engages in software development. It provides on-site consultancy services, offshore software development, product development and internet enabled services. The company was founded by Velchala Premchand Krishna Rao on July 29, 1986 and is headquartered in Hyderabad, India.
XTGLOBAL INFOTECH Dividend Announcement
• XTGLOBAL INFOTECH announced a annually dividend of ₹0.05 per ordinary share which will be made payable on 2023-12-11. Ex dividend date: 2023-11-24
• XTGLOBAL INFOTECH's trailing twelve-month (TTM) dividend yield is 0.11%
XTGLOBAL INFOTECH Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-11-24 | ₹0.05 | annually | 2023-12-11 |
XTGLOBAL INFOTECH Dividend per year
XTGLOBAL INFOTECH Dividend Yield
XTGLOBAL INFOTECH current trailing twelve-month (TTM) dividend yield is 0.11%. Interested in purchasing XTGLOBAL INFOTECH stock? Use our calculator to estimate your expected dividend yield:
XTGLOBAL INFOTECH Financial Ratios
P/E ratio47.50
PEG ratio-0.95
P/B ratio3.58
ROE7.68%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
XTGLOBAL INFOTECH Dividend FAQ
Does XTGLOBAL INFOTECH stock pay dividends?
XTGLOBAL INFOTECH does not currently pay dividends to its shareholders.
Has XTGLOBAL INFOTECH ever paid a dividend?
No, XTGLOBAL INFOTECH has no a history of paying dividends to its shareholders. XTGLOBAL INFOTECH is not known for its dividend payments.
Why doesn't XTGLOBAL INFOTECH pay dividends?
There are several potential reasons why XTGLOBAL INFOTECH 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.
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 XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH a dividend aristocrat?
XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH a dividend king?
XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH a dividend stock?
No, XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH stocks?
To buy XTGLOBAL INFOTECH 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 XTGLOBAL INFOTECH 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.
Place an order: Use the brokerage's trading platform to place an order to buy XTGLOBAL INFOTECH 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.