Axita Cotton Ltd Dividend 2023 : Should Axita Cotton Ltd be a part of your dividend portfolio?
Axita Cotton Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹536.02Cr. Its share price is ₹26.85 as on 25 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Axita Cotton Ltd gave ₹0.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Cyclical stocks do not always pay a dividend but as Axita Cotton Ltd pays dividends to reward its shareholders.
In the quarter ending March 2022, Axita Cotton Ltd has declared dividend of ₹0.50 - translating a dividend yield of 1.86%.
Let's look at Axita Cotton Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Axita Cotton Ltd’s revenue were ₹228.89Cr in the quarter ending June 2023. The revenue grew by 11.32% year on year basis since last quarter.
Axita Cotton Ltd’s profits were ₹5.75Cr in the quarter ending June 2023. The profits grew by 29.21% year on year basis since last quarter.
Axita Cotton Ltd’s dividend was ₹0.50 in the quarter ending March 2022.
Axita Cotton Ltd Dividend related ratios:
Last dividend date: 25/04/2022
Current Dividend Yield: 1.86%
Annual dividend payment: ₹0.50
History of Axita Cotton Ltd's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
19/09/2022
CASH
₹0.50
25/04/2022
20/09/2022
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