Majestic Auto Ltd Dividend 2024 : Should Majestic Auto Ltd be a part of your dividend portfolio?
Majestic Auto Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹439.45Cr. Its share price is ₹422.95 as on 9 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Majestic Auto Ltd gave ₹22.50 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 Majestic Auto Ltd pays dividends to reward its shareholders.
In the quarter ending December 2023, Majestic Auto Ltd has declared dividend of ₹15 - translating a dividend yield of 5.32%.
Let's look at Majestic Auto Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Majestic Auto Ltd’s revenue were ₹24.76Cr in the quarter ending September 2024. The revenuefell by -46.41% year on year basis since last quarter.
Majestic Auto Ltd’s profits were ₹7.51Cr in the quarter ending September 2024. The profits fell by -67.25% year on year basis since last quarter.
Majestic Auto Ltd’s dividend was ₹15 in the quarter ending December 2023.
Majestic Auto Ltd Dividend related ratios:
Last dividend date: 08/02/2024
Current Dividend Yield: 5.32%
Annual dividend payment: ₹22.50
History of Majestic Auto Ltd's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
20/02/2024
CASH
₹15
08/02/2024
20/02/2024
24/02/2023
CASH
₹7.50
14/02/2023
24/02/2023
18/11/2021
CASH
₹7.50
02/11/2021
23/11/2021
Majestic Auto Ltd Dividend v/s Majestic Auto Ltd Share price
Discover More Dividend Stocks in Consumer Cyclical Sector