517449
Magna Electro Castings Ltd
₹450
Magna Electro Castings Ltd Dividend 2024 : Should Magna Electro Castings Ltd be a part of your dividend portfolio?
Magna Electro Castings Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹191.80Cr. Its share price is ₹450 as on 4 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Magna Electro Castings Ltd gave ₹5.50 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 Magna Electro Castings Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Magna Electro Castings Ltd has declared dividend of ₹3 - translating a dividend yield of 1.22%.
Let's look at Magna Electro Castings Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Magna Electro Castings Ltd’s revenue were ₹35.48Cr in the quarter ending December 2023. The revenuefell by -8.93% year on year basis since last quarter.
- Magna Electro Castings Ltd’s profits were ₹3.53Cr in the quarter ending December 2023. The profits fell by -7.35% year on year basis since last quarter.
- Magna Electro Castings Ltd’s dividend was ₹3 in the quarter ending March 2023.
Magna Electro Castings Ltd Dividend related ratios:
- Last dividend date: 30/05/2023
- Current Dividend Yield: 1.22%
- Annual dividend payment: ₹5.50
History of Magna Electro Castings Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
18/08/2023 | CASH | ₹3 | 30/05/2023 | 19/08/2023 |
18/08/2022 | CASH | ₹2.50 | 30/05/2022 | 19/08/2022 |
15/09/2021 | CASH | ₹1.50 | 25/06/2021 | 16/09/2021 |
25/02/2020 | CASH | ₹2.50 | 13/02/2020 | 26/02/2020 |
08/08/2019 | CASH | ₹2.50 | 30/05/2019 | 13/08/2019 |
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