Anand Rathi Wealth Ltd Dividend 2024 : Should Anand Rathi Wealth Ltd be a part of your dividend portfolio?
Anand Rathi Wealth Ltd is one of the most popular Finance company in the world with a market capitalisation of ₹15,869.66Cr. Its share price is ₹3,708.10 as on 25 July,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Anand Rathi Wealth Ltd gave ₹21 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Finance stocks do not always pay a dividend but as Anand Rathi Wealth Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Anand Rathi Wealth Ltd has declared dividend of ₹9 - translating a dividend yield of 0.57%.
Let's look at Anand Rathi Wealth Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Anand Rathi Wealth Ltd’s revenue were ₹245.42Cr in the quarter ending June 2024. The revenue grew by 37.54% year on year basis since last quarter.
- Anand Rathi Wealth Ltd’s profits were ₹73.24Cr in the quarter ending June 2024. The profits grew by 38.03% year on year basis since last quarter.
- Anand Rathi Wealth Ltd’s dividend was ₹9 in the quarter ending March 2024.
Anand Rathi Wealth Ltd Dividend related ratios:
- Last dividend date: 12/04/2024
- Current Dividend Yield: 0.57%
- Annual dividend payment: ₹21