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Zenith Steel Pipes & Industries Limited manufactures and sells steel pipes in India. It offers electric resistance welded black, galvanized, and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, bore-well, chilled water systems, green house, electricity conduits, sprinklers, construction water distribution, structural scaffolding and props, industrial general engineering, oil sector distribution of gas, poles, drill rods, firefighting systems, space frames, fences, container making, crude, transmission towers, piling, ash/slurry transportation, transportation of raw and potable water, and transportation of sewage disposal irrigation, as well as auto industry. It also exports its products to 79 countries. The company was formerly known as Zenith Birla (India) Limited and changed its name to Zenith Steel Pipes & Industries Limited in July 2020. Zenith Steel Pipes & Industries Limited was incorporated in 1960 and is based in Mumbai, India.

Zenith Steel Pipes & Industries Dividend Announcement

• Zenith Steel Pipes & Industries announced a annually dividend of ₹1.17 per ordinary share which will be made payable on . Ex dividend date: 2010-07-07
• Zenith Steel Pipes & Industries's trailing twelve-month (TTM) dividend yield is -%

Zenith Steel Pipes & Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2010-07-07₹1.17annually
2009-09-15₹0.50annually
2008-09-05₹0.17annually
2008-02-13₹0.42annually
2007-09-06₹0.50annually

Zenith Steel Pipes & Industries Dividend per year

Zenith Steel Pipes & Industries Dividend growth

Zenith Steel Pipes & Industries Dividend Yield

Zenith Steel Pipes & Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Zenith Steel Pipes & Industries stock? Use our calculator to estimate your expected dividend yield:

Zenith Steel Pipes & Industries Financial Ratios

P/E ratio19.16
PEG ratio0.19
P/B ratio-0.51
ROE-2.64%
Payout ratio0.00%
Current ratio0.27
Quick ratio0.25
Cash Ratio0.00

Zenith Steel Pipes & Industries Dividend FAQ

Does Zenith Steel Pipes & Industries stock pay dividends?
Zenith Steel Pipes & Industries does not currently pay dividends to its shareholders.
Has Zenith Steel Pipes & Industries ever paid a dividend?
No, Zenith Steel Pipes & Industries has no a history of paying dividends to its shareholders. Zenith Steel Pipes & Industries is not known for its dividend payments.
Why doesn't Zenith Steel Pipes & Industries pay dividends?
There are several potential reasons why Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries a dividend aristocrat?
Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries a dividend king?
Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries a dividend stock?
No, Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries stocks?
To buy Zenith Steel Pipes & Industries 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 Zenith Steel Pipes & Industries 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.