Denis Chem Lab Ltd Dividend 2024 : Should Denis Chem Lab Ltd be a part of your dividend portfolio?
Denis Chem Lab Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹235.42Cr. Its share price is ₹173 as on 1 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Denis Chem Lab Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Basic Materials stocks do not always pay a dividend but as Denis Chem Lab Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Denis Chem Lab Ltd has declared dividend of ₹2 - translating a dividend yield of 1.16%.
Let's look at Denis Chem Lab Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Denis Chem Lab Ltd’s revenue were ₹40.32Cr in the quarter ending December 2023. The revenue grew by 7.81% year on year basis since last quarter.
Denis Chem Lab Ltd’s profits were ₹3.20Cr in the quarter ending December 2023. The profits grew by 74.86% year on year basis since last quarter.
Denis Chem Lab Ltd’s dividend was ₹2 in the quarter ending March 2023.