IRM Energy Ltd Dividend 2024 : Should IRM Energy Ltd be a part of your dividend portfolio?
IRM Energy Ltd is one of the most popular Gas Distribution company in the world with a market capitalisation of ₹1,560.47Cr. Its share price is ₹384.55 as on 3 December,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, IRM Energy Ltd gave ₹1.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Gas Distribution stocks do not always pay a dividend but as IRM Energy Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, IRM Energy Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.39%.
Let's look at IRM Energy Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- IRM Energy Ltd’s revenue were ₹240.64Cr in the quarter ending September 2024. The revenue grew by 7.61% year on year basis since last quarter.
- IRM Energy Ltd’s profits were ₹12.01Cr in the quarter ending September 2024. The profits fell by -53.84% year on year basis since last quarter.
- IRM Energy Ltd’s dividend was ₹1.50 in the quarter ending March 2024.
IRM Energy Ltd Dividend related ratios:
- Last dividend date: 21/05/2024
- Current Dividend Yield: 0.39%
- Annual dividend payment: ₹1.50