Standard Industries dividend – Standard Industries Ltd Declares 0.8 Cash Dividend
June 12, 2023
🌥️Dividends Yield
On June 1, 2023, STANDARD INDUSTRIES ($BSE:530017) Ltd declared a 0.8 cash dividend per share. This is the fourth consecutive dividend declared by the company since 2020 and brings the average dividend yield of the company up to 14.49%. For investors looking for dividend stocks, STANDARD INDUSTRIES Ltd may be an attractive option, as it has consistently paid out dividends of 2.5 INR per share in recent years. The ex-dividend date for this dividend will be on June 1, 2023 and any shareholders who purchase the stock on or after this date will not be eligible for the dividend.
In conclusion, STANDARD INDUSTRIES Ltd has consistently issued a high dividend yield of 14.49%, making it a great choice for investors looking for dividend income. It is important to note that the ex-dividend date is June 1, 2023 and any investors who purchase the stock after this date will not be able to receive the dividend.
Share Price
The announcement sent positive signals in the market as the stock opened at INR26.8 and closed at INR26.5, down by 1.2% from its last closing price of INR26.8. The dividend payout is expected to buoy the company’s investor sentiment, while also providing an positive outlook for the future of the company. The company’s financial performance is expected to benefit from this dividend payout, and it remains to be seen if the cash dividend will improve the share price of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Standard Industries. More…
| Total Revenues | Net Income | Net Margin |
| 212.34 | 216.58 | 102.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Standard Industries. More…
| Operations | Investing | Financing |
| -1.06k | 596.87 | -225.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Standard Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.93k | 454.21 | 20.21 |
Key Ratios Snapshot
Some of the financial key ratios for Standard Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | 142.0% |
| FCF Margin | ROE | ROA |
| -536.0% | 13.6% | 9.8% |
Analysis
At GoodWhale, we conduct extensive financial analyses to help our users make smart investments. Recently, we took a deep dive into the finances of STANDARD INDUSTRIES and came away with some interesting findings. When it comes to risk rating, STANDARD INDUSTRIES is considered a high risk investment. This means that there could be a greater chance of incurring losses than gains on the investment. At GoodWhale, we always strive to give our users the best insights into any potential investments. With STANDARD INDUSTRIES, we found three risk warnings in the income sheet, balance sheet, and financial journal. Becoming a registered user with us is the best way to learn more about these warnings and make an informed decision on whether or not to invest in this company. More…
Peers
Standard industries Ltd is an established company that has been competing in the market for many years. It faces stiff competition from companies such as Zenith Exports Ltd, Race Eco Chain Ltd, and GTN Industries Ltd, all of whom are eager to grab a piece of the market share. Despite the competitive landscape, Standard Industries Ltd has maintained its dominance in the industry with its commitment to innovation.
– Zenith Exports Ltd ($BSE:512553)
Zenith Exports Ltd is a leading manufacturer and exporter of consumer goods, apparel, and accessories. With a market capitalization of 696.76M as of 2023, the company is well-positioned to capitalize on growth opportunities in the global market. Furthermore, the company’s strong financial performance is evidenced by its Return on Equity (ROE) of 2.1%. This suggests that the company is utilizing its assets efficiently to generate returns for investors.
– Race Eco Chain Ltd ($BSE:537785)
Eco Chain Ltd is a global leader in the production and sale of sustainable energy products. It operates in more than 20 countries, providing green energy solutions to businesses and households. As of 2023, the company has a market cap of 4.57 billion, indicating that it has achieved strong growth and financial stability over the past few years. Its Return on Equity (ROE) of 7.73% is also quite impressive, indicating that its shareholders are being rewarded for their investments. Eco Chain Ltd is committed to providing innovative, eco-friendly energy solutions to its customers and investors, and its success is evident in its growth rate and financial performance.
– GTN Industries Ltd ($BSE:500170)
GTN Industries Ltd is a diversified business that specializes in the production of consumer goods, industrial components, and construction materials. The company’s market capitalization has grown to $577.6 million as of 2023, making it a major player in its industry. Furthermore, GTN Industries Ltd has demonstrated strong performance in terms of Return on Equity (ROE), coming in at 18.83%. This indicates that the company is efficiently allocating its resources and generating a substantial return on its shareholders’ investments.
Summary
Investors looking for dividend stocks may want to consider STANDARD INDUSTRIES. For the past three years, this company has paid an annual dividend of 2.5 INR per share, resulting in an average dividend yield of 14.49%. This can provide a steady income stream for investors, as well as the potential for capital appreciation over time. It should be noted, however, that dividend yields can be volatile and investors should evaluate the company’s financials before investing.
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