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M M Forgings Ltd

₹483

M M Forgings Ltd Dividend 2024 : Should M M Forgings Ltd be a part of your dividend portfolio?

M M Forgings Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹2,334.90Cr. Its share price is ₹483 as on 21 December,2024.The dividend is a percentage of earnings paid out to shareholders. Last year, M M Forgings Ltd gave ₹8 for the full year, but should it be a part of your investments that give good dividends?

Key Highlights

Basic Materials stocks do not always pay a dividend but as M M Forgings Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, M M Forgings Ltd has declared dividend of ₹8 - translating a dividend yield of 1.66%.

Let's look at M M Forgings Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:

M M Forgings Ltd’s revenue were ₹405.37Cr in the quarter ending September 2024. The revenue grew by 1.01% year on year basis since last quarter.
M M Forgings Ltd’s profits were ₹31.91Cr in the quarter ending September 2024. The profits fell by -9.99% year on year basis since last quarter.
M M Forgings Ltd’s dividend was ₹8 in the quarter ending March 2024.

M M Forgings Ltd Dividend related ratios:

Last dividend date: 29/05/2024
Current Dividend Yield: 1.66%
Annual dividend payment: ₹8

History of M M Forgings Ltd's Dividend payments

Ex/EFF DATE	TYPE	CASH AMOUNT	DECLARATION DATE	RECORD DATE
14/06/2024	CASH	₹8	29/05/2024	14/06/2024
29/05/2023	CASH	₹6	17/05/2023	29/05/2023
06/06/2022	CASH	₹6	25/05/2022	07/06/2022
01/07/2021	CASH	₹5	21/06/2021	02/07/2021
19/03/2020	CASH	₹5	09/03/2020	20/03/2020