DYNAMATIC TECHNOLOGIES LTD Dividend 2024, Record Date, Share Price, History

News: In the dynamic world of finance, understanding a company’s dividend history and share price movements is crucial for investors. Today, let’s delve into the fascinating world of Dynamatic Technologies Ltd. We’ll explore their recent dividend announcement, the record date, and their share price performance.

Dividend Announcement

On February 5, 2024, Dynamatic Technologies Ltd announced a dividend of ₹5.0 per share. This means that for every share you own, you’ll receive ₹5.0 as a dividend. It’s like a little bonus for being a shareholder!

Record Date

The record date for this dividend is February 23, 2024. What’s a record date, you ask? Well, it’s the date on which the company checks its records to see who the shareholders are. If you own shares on or before this date, you’re eligible to receive the dividend. So mark your calendars!

Share Price Insights

Let’s peek at Dynamatic Technologies Ltd’s share price. As of February 20, 2024, the stock closed at ₹6,849.30 on the National Stock Exchange (NSE) . Here are some key metrics:

1. PE Ratio: 56.55 (Price-to-Earnings ratio)

2. EPS (TTM): ₹121.12 (Earnings per Share over the trailing twelve months)

3. Market Capitalization: ₹4,651.66 crore

4. Dividend Yield: 0.15% (That’s the dividend as a percentage of the share price)

5. Face Value: ₹10.00 (The nominal value of each share)

About DYNAMATIC TECHNOLOGIES LTD :

In the dynamic world of engineering and innovation, Dynamatic Technologies Limited stands tall as a beacon of excellence. Let’s delve into the fascinating realm of this Indian precision engineering company and explore its remarkable journey.

What Is Dynamatic Technologies?

Dynamatic Technologies Limited is headquartered in Bangalore, India, and it specializes in designing and manufacturing highly engineered products. These products find applications in various critical sectors:

1. Automotive: From cutting-edge components to innovative solutions, Dynamatic plays a crucial role in the automotive industry.

2. Aeronautics: The skies are safer thanks to Dynamatic’s contributions to aeronautic assemblies.

3. Hydraulics: Precision hydraulics form the backbone of many industrial processes, and Dynamatic delivers excellence in this field.

4. Security: Dynamatic’s security solutions ensure safety and reliability.

Global Reach

With futuristic design, engineering, and manufacturing facilities across Europe and India, Dynamatic caters to customers’ exacting requirements on six continents. This global footprint reflects its commitment to excellence and customer satisfaction.

Lean, Green, and Clean

Dynamatic Technologies is more than just an engineering powerhouse. It embodies principles that resonate with sustainability:

1. Vertically Integrated: Dynamatic controls its entire production process, from alloy-making to casting. This vertical integration ensures quality and efficiency.

2. Captive Green Energy: The company harnesses its own renewable energy sources, contributing to a greener planet.

3. Community and Environment: Dynamatic’s facilities are designed to benefit neighboring communities and minimize environmental impact.

Recent Milestones

Let’s highlight some recent achievements:

1. Airbus Partnership: Dynamatic received a prestigious business award from Airbus for manufacturing A220 doors.

2. Falcon 6X Contract: A long-term contract with Dassault Aviation for critical aerostructures.

3. Airbus Collaboration: Dynamatic Manufacturing Limited signed a contract with Airbus for detailed parts in commercial aircraft.

Events and Initiatives

1. Aero India Airshow 2023: Dynamatic showcased its cutting-edge capabilities at this premier aerospace event.

3. Biosecurity and Workplace Safety: Dynamatic prioritizes safety, including UV sterilization for its products.

Leadership

Mr. Udayant Malhoutra, the CEO & Managing Director, leads Dynamatic Technologies with vision and expertise.

A Fun Banana Comparison

Now, let’s have a little fun. If we stack bananas instead of shares, how many bananas would match Dynamatic Technologies Ltd’s height? Well, the average banana is about 7.5 inches long. Mount Everest, the tallest mountain, is approximately 29,031.7 feet high. So, if we divide Everest’s height by the banana length, we get around 46,449 bananas!

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