MGL
Mahanagar Gas Ltd
₹1,259.65
Mahanagar Gas Ltd Dividend 2024 : Should Mahanagar Gas Ltd be a part of your dividend portfolio?
Mahanagar Gas Ltd is one of the most popular Utilities company in the world with a market capitalisation of ₹12,239.55Cr. Its share price is ₹1,259.65 as on 19 December,2024.The dividend is a percentage of earnings paid out to shareholders. Last year, Mahanagar Gas Ltd gave ₹30 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Utilities stocks do not always pay a dividend but as Mahanagar Gas Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Mahanagar Gas Ltd has declared dividend of ₹18 - translating a dividend yield of 2.38%.
Let's look at Mahanagar Gas Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Mahanagar Gas Ltd’s revenue were ₹1,833.18Cr in the quarter ending September 2024. The revenue grew by 13.53% year on year basis since last quarter.
- Mahanagar Gas Ltd’s profits were ₹283.51Cr in the quarter ending September 2024. The profits fell by -16.25% year on year basis since last quarter.
- Mahanagar Gas Ltd’s dividend was ₹18 in the quarter ending March 2024.
Mahanagar Gas Ltd Dividend related ratios:
- Last dividend date: 09/05/2024
- Current Dividend Yield: 2.38%
- Annual dividend payment: ₹30
History of Mahanagar Gas Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
14/08/2024 | CASH | ₹18 | 09/05/2024 | 14/08/2024 |
05/02/2024 | CASH | ₹12 | 23/01/2024 | 05/02/2024 |
14/08/2023 | CASH | ₹16 | 08/05/2023 | 16/08/2023 |
14/02/2023 | CASH | ₹10 | 02/02/2023 | 14/02/2023 |
11/08/2022 | CASH | ₹15.50 | 10/05/2022 | 17/08/2022 |
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