Jupiter Wagons Ltd Dividend 2024, Record Date, Share Price, History

News: In the world of finance, dividends play a crucial role. They are like little rewards that companies give to their shareholders. One such company that recently made dividend-related headlines is Jupiter Wagons Ltd. Let’s dive into the details!

What Is a Dividend?

Before we explore Jupiter Wagons’ dividend, let’s understand what a dividend actually is. A dividend is a portion of a company’s profits that it distributes to its shareholders. It’s like sharing the cake – the bigger the profit, the larger the slice!

Jupiter Wagons Ltd: Who Are They?

Jupiter Wagons Ltd (stock symbol: JWL) is an engineering company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). They specialize in wagons and other rail-related equipment.

The Dividend Announcement

On 25th May 2023, Jupiter Wagons made an important announcement. They declared a final dividend for the year. Here are the key details:

Dividend Type: Final

Dividend Percentage: 5%

Dividend Amount per Share: ₹0.50 (Yes, that’s fifty paise per share!)

Record Date and Payment

The record date for this dividend is 12th September 2023. If you were a shareholder on or before this date, congratulations! You’re eligible for a piece of that dividend cake. The actual payment will happen on or before 19th March 2024.

Share Price and Yield

As of now, Jupiter Wagons’ share price stands at ₹373.30. Considering the dividend amount, the dividend yield (which tells us how much dividend you get relative to the share price) is approximately 0.13%. Not too shabby, right?

About Jupiter Wagons Ltd :

Jupiter Wagons Ltd is an Indian company that specializes in railway engineering. They are involved in manufacturing freight wagons, passenger coaches, and various other rail-related components. Let’s explore more about this fascinating company:

Company Overview

Name: Jupiter Wagons Limited

Headquarters: Kolkata, West Bengal, India

Business Areas:

• Manufacturing of railway wagons and wagon components
• Production of cast manganese steel crossings and other castings
• Fabrication of load bodies for commercial vehicles
• Providing rail freight wagons and related components

Vision and Mission

1. Vision: To become a national and global contributor in fundamental growth engines, including mobility, defense, civic services, and healthcare sectors, by employing state-of-the-art technologies at an optimum cost.

2. Mission: To excel in the mobility solution domain across India, both in terms of railways and roadways. This involves engaging with the National Railways for both freight and passenger segments through the manufacture of rolling stocks (wagons and coaches), parts, and accessories.

Values

1. Jupiter Wagons aims to build a suitable social fabric with its employees, staff, vendors, and associates. Their core values include equality, harmony, and peace.

2. They strive to offer optimum value and effectiveness through their products and services for the betterment of the nation.

So, there you have it – a quick rundown on Jupiter Wagons Ltd’s dividend for 2024. If you’re a shareholder, keep an eye on that record date and get ready to enjoy your tiny slice of the profit pie!

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