MMFL
M M Forgings Ltd
₹1,121.55
M M Forgings Ltd Dividend 2024 : Should M M Forgings Ltd be a part of your dividend portfolio?
M M Forgings Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹2,703.05Cr. Its share price is ₹1,121.55 as on 20 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, M M Forgings Ltd gave ₹12 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 M M Forgings Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, M M Forgings Ltd has declared dividend of ₹6 - translating a dividend yield of 1.07%.
Let's look at M M Forgings Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- M M Forgings Ltd’s revenue were ₹404.27Cr in the quarter ending December 2023. The revenue grew by 7.44% year on year basis since last quarter.
- M M Forgings Ltd’s profits were ₹33.54Cr in the quarter ending December 2023. The profits fell by -6.29% year on year basis since last quarter.
- M M Forgings Ltd’s dividend was ₹6 in the quarter ending March 2023.
M M Forgings Ltd Dividend related ratios:
- Last dividend date: 17/05/2023
- Current Dividend Yield: 1.07%
- Annual dividend payment: ₹12
History of M M Forgings Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
29/05/2023 | CASH | ₹6 | 17/05/2023 | 29/05/2023 |
06/06/2022 | CASH | ₹6 | 25/05/2022 | 07/06/2022 |
01/07/2021 | CASH | ₹5 | 21/06/2021 | 02/07/2021 |
19/03/2020 | CASH | ₹5 | 09/03/2020 | 20/03/2020 |
07/06/2019 | CASH | ₹2.50 | 28/05/2019 | 10/06/2019 |
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