MMFL
M M Forgings Ltd
₹469.30
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 ₹2,266.58Cr. Its share price is ₹469.30 as on 21 November,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 1.70%.
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: 1.70%
- 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 |
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