Venus Pipes & Tubes Ltd Dividend 2024 : Should Venus Pipes & Tubes Ltd be a part of your dividend portfolio?
Venus Pipes & Tubes Ltd is one of the most popular Steel company in the world with a market capitalisation of ₹4,572.21Cr. Its share price is ₹2,245.10 as on 8 September,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Venus Pipes & Tubes Ltd gave ₹1.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Steel stocks do not always pay a dividend but as Venus Pipes & Tubes Ltd pays dividends to reward its shareholders.
In the quarter ending September 2023, Venus Pipes & Tubes Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.07%.
Let's look at Venus Pipes & Tubes Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Venus Pipes & Tubes Ltd’s revenue were ₹241.16Cr in the quarter ending June 2024. The revenue grew by 33.85% year on year basis since last quarter.
Venus Pipes & Tubes Ltd’s profits were ₹27.56Cr in the quarter ending June 2024. The profits grew by 58.3% year on year basis since last quarter.
Venus Pipes & Tubes Ltd’s dividend was ₹0.50 in the quarter ending September 2023.
Venus Pipes & Tubes Ltd Dividend related ratios:
Last dividend date: 26/10/2023
Current Dividend Yield: 0.07%
Annual dividend payment: ₹1.50
History of Venus Pipes & Tubes Ltd's Dividend payments