M&M
Mahindra & Mahindra Ltd
₹2,058.45
Mahindra & Mahindra Ltd Dividend 2024 : Should Mahindra & Mahindra Ltd be a part of your dividend portfolio?
Mahindra & Mahindra Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹2,56,452.95Cr. Its share price is ₹2,058.45 as on 24 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Mahindra & Mahindra Ltd gave ₹27.80 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Consumer Cyclical stocks do not always pay a dividend but as Mahindra & Mahindra Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Mahindra & Mahindra Ltd has declared dividend of ₹16.25 - translating a dividend yield of 1.35%.
Let's look at Mahindra & Mahindra Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Mahindra & Mahindra Ltd’s revenue were ₹36,055.08Cr in the quarter ending December 2023. The revenue grew by 13.36% year on year basis since last quarter.
- Mahindra & Mahindra Ltd’s profits were ₹2,658.40Cr in the quarter ending December 2023. The profits fell by -0.68% year on year basis since last quarter.
- Mahindra & Mahindra Ltd’s dividend was ₹16.25 in the quarter ending March 2023.
Mahindra & Mahindra Ltd Dividend related ratios:
- Last dividend date: 26/05/2023
- Current Dividend Yield: 1.35%
- Annual dividend payment: ₹27.80
History of Mahindra & Mahindra Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
14/07/2023 | CASH | ₹16.25 | 26/05/2023 | 15/07/2023 |
14/07/2022 | CASH | ₹11.55 | 28/05/2022 | 16/07/2022 |
15/07/2021 | CASH | ₹8.75 | 28/05/2021 | 17/07/2021 |
16/07/2020 | CASH | ₹2.35 | 12/06/2020 | 18/07/2020 |
18/07/2019 | CASH | ₹8.50 | 29/05/2019 | 20/07/2019 |
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