NITINSPIN

Nitin Spinners Ltd

₹319.45

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 ₹1,795.95Cr. Its share price is ₹319.45 as on 20 February,2025.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 0.78%.

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 ₹839.51Cr in the quarter ending December 2024. The revenue grew by 11.83% year on year basis since last quarter.
Nitin Spinners Ltd’s profits were ₹44.78Cr in the quarter ending December 2024. The profits grew by 41.04% 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: 0.78%
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