Anand Rayons Ltd Dividend 2024 : Should Anand Rayons Ltd be a part of your dividend portfolio?
Anand Rayons Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹62.01Cr. Its share price is ₹41.36 as on 1 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Anand Rayons Ltd gave ₹0.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Financial Services stocks do not always pay a dividend but as Anand Rayons Ltd pays dividends to reward its shareholders.
In the quarter ending June 2019, Anand Rayons Ltd has declared dividend of ₹0.50 - translating a dividend yield of 1.21%.
Let's look at Anand Rayons Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Anand Rayons Ltd’s revenue were ₹90.61Cr in the quarter ending December 2023. The revenue grew by 25.83% year on year basis since last quarter.
Anand Rayons Ltd’s profits were ₹0.73Cr in the quarter ending December 2023. The profits grew by 40.38% year on year basis since last quarter.
Anand Rayons Ltd’s dividend was ₹0.50 in the quarter ending June 2019.