Redtape Ltd Dividend 2024 : Should Redtape Ltd be a part of your dividend portfolio?
Redtape Ltd is one of the most popular Retail company in the world with a market capitalisation of ₹11,955.16Cr. Its share price is ₹815.70 as on 7 January,2025.The dividend is a percentage of earnings paid out to shareholders. Last year, Redtape Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Retail stocks do not always pay a dividend but as Redtape Ltd pays dividends to reward its shareholders.
In the quarter ending September 2024, Redtape Ltd has declared dividend of ₹2 - translating a dividend yield of 0.25%.
Let's look at Redtape Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Redtape Ltd’s revenue were ₹419.16Cr in the quarter ending September 2024. The revenue grew by 28.14% year on year basis since last quarter.
Redtape Ltd’s profits were ₹25.07Cr in the quarter ending September 2024. The profits fell by -9.63% year on year basis since last quarter.
Redtape Ltd’s dividend was ₹2 in the quarter ending September 2024.