NITINSPIN
Nitin Spinners Ltd
₹361.30
Nitin Spinners Ltd Dividend 2024 : Should Nitin Spinners Ltd be a part of your dividend portfolio?
Nitin Spinners Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹2,077.33Cr. Its share price is ₹361.30 as on 21 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Nitin Spinners Ltd gave ₹2.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Consumer Cyclical stocks do not always pay a dividend but as Nitin Spinners Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Nitin Spinners Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.69%.
Let's look at Nitin Spinners Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Nitin Spinners Ltd’s revenue were ₹823.20Cr in the quarter ending September 2024. The revenue grew by 11.59% year on year basis since last quarter.
- Nitin Spinners Ltd’s profits were ₹42.16Cr in the quarter ending September 2024. The profits grew by 33% year on year basis since last quarter.
- Nitin Spinners Ltd’s dividend was ₹2.50 in the quarter ending March 2024.
Nitin Spinners Ltd Dividend related ratios:
- Last dividend date: 09/05/2024
- Current Dividend Yield: 0.69%
- Annual dividend payment: ₹2.50
History of Nitin Spinners Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
09/09/2024 | CASH | ₹2.50 | 09/05/2024 | 10/09/2024 |
11/09/2023 | CASH | ₹2.50 | 06/05/2023 | 12/09/2023 |
07/09/2022 | CASH | ₹2.50 | 12/05/2022 | 09/09/2022 |
10/02/2022 | CASH | ₹1.50 | 03/02/2022 | 11/02/2022 |
08/09/2021 | CASH | ₹1.50 | 08/05/2021 | 10/09/2021 |
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