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MGL

Mahanagar Gas Ltd

₹1,910.35

Mahanagar Gas Ltd Dividend 2024 : Should Mahanagar Gas Ltd be a part of your dividend portfolio?

Mahanagar Gas Ltd is one of the most popular Utilities company in the world with a market capitalisation of ₹18,856.18Cr. Its share price is ₹1,910.35 as on 7 October,2024.

The dividend is a percentage of earnings paid out to shareholders. Last year, Mahanagar Gas Ltd gave ₹30 for the full year, but should it be a part of your investments that give good dividends?

Key Highlights

  • Utilities stocks do not always pay a dividend but as Mahanagar Gas Ltd pays dividends to reward its shareholders.
  • In the quarter ending March 2024, Mahanagar Gas Ltd has declared dividend of ₹18 - translating a dividend yield of 1.57%.

Let's look at Mahanagar Gas Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:

  • Mahanagar Gas Ltd’s revenue were ₹1,701.41Cr in the quarter ending June 2024. The revenue grew by 7.91% year on year basis since last quarter.
  • Mahanagar Gas Ltd’s profits were ₹288.78Cr in the quarter ending June 2024. The profits fell by -21.61% year on year basis since last quarter.
  • Mahanagar Gas Ltd’s dividend was ₹18 in the quarter ending March 2024.

Mahanagar Gas Ltd Dividend related ratios:

  • Last dividend date: 09/05/2024
  • Current Dividend Yield: 1.57%
  • Annual dividend payment: ₹30

History of Mahanagar Gas Ltd's Dividend payments

Ex/EFF DATETYPECASH AMOUNTDECLARATION DATERECORD DATE
14/08/2024
CASH
₹18
09/05/2024
14/08/2024
05/02/2024
CASH
₹12
23/01/2024
05/02/2024
14/08/2023
CASH
₹16
08/05/2023
16/08/2023
14/02/2023
CASH
₹10
02/02/2023
14/02/2023
11/08/2022
CASH
₹15.50
10/05/2022
17/08/2022
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Mahanagar Gas Ltd Dividend v/s Mahanagar Gas Ltd Share price

FAQs

Mahanagar Gas Ltd current market price is ₹1,910.35 per share

Mahanagar Gas Ltd has declared dividend worth ₹30 in the last year.

Mahanagar Gas Ltd has declared dividend worth ₹18 in the latest quarter.

Mahanagar Gas Ltd has declared dividend on 09/05/2024 of ₹18.

Mahanagar Gas Ltd has declared dividend 1 times of ₹18 in the current financial year (FY2024-2025)

Mahanagar Gas Ltd has declared dividend 2 times of ₹28 in the previous financial year (FY2023-2024)