ZF Commercial Vehicle Control Systems India Limited designs, develops, manufactures, and sells automotive products in India and internationally. The company offers active and passive safety systems, steering systems, clutch systems, axle systems, and chassis and suspension components for commercial vehicles; steering systems, transmissions, axles, and chassis systems for trucks and off-highway applications; gearboxes for the wind turbine industry; and powertrain products, chassis components, and safety devices for light vehicle industry. It also provides products for various applications, including rail, aerospace, marine, and armoured vehicles; and a range of spare parts under the ACHS, LEMFÖRDER, TRW, and WABCO brands. In addition, the company focuses on the fields of electric mobility, autonomous driving, vehicle motion control, electronics, embedded software, and mechanical engineering. ZF Commercial Vehicle Control Systems India Limited was formerly known as WABCO India Limited and changed its name to ZF Commercial Vehicle Control Systems India Limited in March 2022. The company was founded in 1962 and is headquartered in Chennai, India. ZF Commercial Vehicle Control Systems India Limited is a subsidiary of WABCO Asia Private Limited.
ZF Commercial Vehicle Control Systems India Dividend Announcement
• ZF Commercial Vehicle Control Systems India announced a annually dividend of ₹17.00 per ordinary share which will be made payable on 2024-08-20. Ex dividend date: 2024-07-15
• ZF Commercial Vehicle Control Systems India annual dividend for 2024 was ₹17.00
• ZF Commercial Vehicle Control Systems India annual dividend for 2023 was ₹13.00
• ZF Commercial Vehicle Control Systems India's trailing twelve-month (TTM) dividend yield is 0.12%
• ZF Commercial Vehicle Control Systems India's dividend growth over the last five years (2018-2023) was 10.20% year
• ZF Commercial Vehicle Control Systems India's dividend growth over the last ten years (2013-2023) was 10.03% year
ZF Commercial Vehicle Control Systems India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-15 | ₹17.00 | annually | 2024-08-20 |
2023-07-07 | ₹13.00 | annually | 2023-08-25 |
2022-07-07 | ₹12.00 | annually | 2022-08-25 |
2021-09-16 | ₹11.00 | annually | 2021-09-28 |
2021-08-12 | ₹11.00 | annually | |
2020-03-26 | ₹10.00 | annually | 2020-04-18 |
2019-08-06 | ₹9.00 | annually | 2019-08-21 |
2018-07-19 | ₹8.00 | annually | 2018-08-01 |
2017-09-14 | ₹7.00 | annually | 2017-09-28 |
2016-07-25 | ₹6.00 | annually | |
2015-07-27 | ₹5.00 | annually | |
2014-07-17 | ₹5.00 | annually | |
2013-07-17 | ₹5.00 | annually |
ZF Commercial Vehicle Control Systems India Dividend per year
ZF Commercial Vehicle Control Systems India Dividend growth
ZF Commercial Vehicle Control Systems India Dividend Yield
ZF Commercial Vehicle Control Systems India current trailing twelve-month (TTM) dividend yield is 0.12%. Interested in purchasing ZF Commercial Vehicle Control Systems India stock? Use our calculator to estimate your expected dividend yield:
ZF Commercial Vehicle Control Systems India Financial Ratios
ZF Commercial Vehicle Control Systems India Dividend FAQ
Other factors to consider when evaluating ZF Commercial Vehicle Control Systems 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: ZF Commercial Vehicle Control Systems 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, ZF Commercial Vehicle Control Systems 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, ZF Commercial Vehicle Control Systems 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 ZF Commercial Vehicle Control Systems 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: ZF Commercial Vehicle Control Systems 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, ZF Commercial Vehicle Control Systems 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: ZF Commercial Vehicle Control Systems 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 ZF Commercial Vehicle Control Systems 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 ZF Commercial Vehicle Control Systems 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.