As of today (2024-04-29), the Trailing Annual Dividend Yield of Bajaj Steel Industries is 0.23%.
The historical rank and industry rank for Bajaj Steel Industries's Dividend Yield % or its related term are showing as below:
BOM:507944'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.14 Med: 1.43 Max: 5.08
Current: 0.23
During the past 13 years, the highest Dividend Yield of Bajaj Steel Industries was 5.08%. The lowest was 0.14%. And the median was 1.43%.
BOM:507944's Dividend Yield % is ranked worse than 93.91% of 1854
companies
in the Industrial Products industry
Industry Median: 1.79
vs BOM:507944: 0.23
During the past 12 months, Bajaj Steel Industries's average Dividends Per Share Growth Rate was 50.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Bajaj Steel Industries was 26.00% per year. The lowest was -9.10% per year. And the median was 14.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Bajaj Steel Industries Dividend Yield % Historical Data
The historical data trend for Bajaj Steel Industries's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Bajaj Steel Industries's Dividend Yield %
For the Specialty Industrial Machinery subindustry, Bajaj Steel Industries's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bajaj Steel Industries's Dividend Yield % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bajaj Steel Industries's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Bajaj Steel Industries's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Bajaj Steel Industries Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 3.000
2023-09-08
2023-09-09
2023-10-20
Cash Dividend
annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Bajaj Steel Industries Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Bajaj Steel Industries's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bajaj Steel Industries (BOM:507944) Business Description
Bajaj Steel Industries Ltd is engaged in the manufacturing of Cotton ginning and Pressing Machineries, Prefabricated building structure, components, and allied products. Its operating segment includes the Steel Division and Plastic Division. The company generates maximum revenue from the Steel Division segment. It manufactures product such as Cotton Ginning and Pressing Machinery, Cotton Cleaning, Cotton Conveying, Cotton Humidification Systems, Cotton Baling Presses, Cotton Seed Processing, Pre-engineered Buildings, Electrical Control Panels, Fire Fighting Systems, Hydraulic Cylinder, Power packs, Specialty Conveyors and Master Batches and others.
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