Sundaram Brake Linings Limited (NSE:SUNDRMBRAK) Passed Our Checks, And It’s About To Pay A ₹2.00 Dividend

Sundaram Brake Linings Limited (NSE:SUNDRMBRAK) is set to go ex-dividend in the next day or two. The ex-dividend date is typically one business day before the record date, which is when the company determines the shareholders eligible to receive a dividend. To receive the dividend, investors must purchase Sundaram Brake Linings’ shares before July 16th, as the dividend will be paid on August 23rd.

The upcoming dividend for Sundaram Brake Linings will amount to ₹2.00 per share. Dividends play a significant role in investment returns for long-term holders, so it is crucial to assess the sustainability of dividend payments and the company’s growth trajectory.

Sundaram Brake Linings has a conservative payout ratio of 7.8% of its income after tax, indicating a sustainable dividend payout. The company’s earnings per share have shown steady growth, increasing by 7.4% on average over the last five years. Management is reinvesting profits back into the business, which could bode well for future earnings and dividends.

While this is Sundaram Brake Linings’ first year of paying a regular dividend, the company’s growth prospects appear promising. Investors should consider the risks associated with the company before making investment decisions. Overall, Sundaram Brake Linings presents an attractive combination of earnings growth and dividend payments.

It is essential to conduct further research on Sundaram Brake Linings to fully understand the company’s valuation, risks, and financial health. As with any investment, it is important to make informed decisions based on comprehensive analysis rather than solely relying on dividend yields.