Vedant Fashions Ltd Dividend 2024 : Should Vedant Fashions Ltd be a part of your dividend portfolio?
Vedant Fashions Ltd is one of the most popular Readymade Garments/ Apparells company in the world with a market capitalisation of ₹30,358.68Cr. Its share price is ₹1,249.25 as on 8 September,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Vedant Fashions Ltd gave ₹8.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Readymade Garments/ Apparells stocks do not always pay a dividend but as Vedant Fashions Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Vedant Fashions Ltd has declared dividend of ₹8.50 - translating a dividend yield of 0.68%.
Let's look at Vedant Fashions Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Vedant Fashions Ltd’s revenue were ₹261.28Cr in the quarter ending June 2024. The revenuefell by -20% year on year basis since last quarter.
- Vedant Fashions Ltd’s profits were ₹62.49Cr in the quarter ending June 2024. The profits fell by -32.04% year on year basis since last quarter.
- Vedant Fashions Ltd’s dividend was ₹8.50 in the quarter ending March 2024.
Vedant Fashions Ltd Dividend related ratios:
- Last dividend date: 30/04/2024
- Current Dividend Yield: 0.68%
- Annual dividend payment: ₹8.50