Metro Brands Ltd Dividend 2024 : Should Metro Brands Ltd be a part of your dividend portfolio?
Metro Brands Ltd is one of the most popular Leather company in the world with a market capitalisation of ₹30,334.56Cr. Its share price is ₹1,121.35 as on 21 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Metro Brands Ltd gave ₹6.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Leather stocks do not always pay a dividend but as Metro Brands Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Metro Brands Ltd has declared dividend of ₹2.25 - translating a dividend yield of 0.58%.
Let's look at Metro Brands Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Metro Brands Ltd’s revenue were ₹608.81Cr in the quarter ending September 2024. The revenue grew by 6.46% year on year basis since last quarter.
- Metro Brands Ltd’s profits were ₹69.55Cr in the quarter ending September 2024. The profits grew by 4.29% year on year basis since last quarter.
- Metro Brands Ltd’s dividend was ₹2.25 in the quarter ending March 2024.
Metro Brands Ltd Dividend related ratios:
- Last dividend date: 22/05/2024
- Current Dividend Yield: 0.58%
- Annual dividend payment: ₹6.50