Minaxi Textiles Ltd Dividend 2023 : Should Minaxi Textiles Ltd be a part of your dividend portfolio?
Minaxi Textiles Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹7.41Cr. Its share price is ₹1.50 as on 24 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Minaxi Textiles Ltd gave ₹0.14 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 Minaxi Textiles Ltd pays dividends to reward its shareholders.
In the quarter ending June 2007, Minaxi Textiles Ltd has declared dividend of ₹0.07 - translating a dividend yield of 9.33%.
Let's look at Minaxi Textiles Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Minaxi Textiles Ltd’s revenue were ₹10.48Cr in the quarter ending June 2023. The revenue grew by 3.46% year on year basis since last quarter.
Minaxi Textiles Ltd’s profits were ₹0.63Cr in the quarter ending June 2023. The profits grew by 159.43% year on year basis since last quarter.
Minaxi Textiles Ltd’s dividend was ₹0.07 in the quarter ending June 2007.
Minaxi Textiles Ltd Dividend related ratios:
Last dividend date: 01/08/2007
Current Dividend Yield: 9.33%
Annual dividend payment: ₹0.14
History of Minaxi Textiles Ltd's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
20/09/2007
CASH
₹0.07
01/08/2007
24/09/2007
21/09/2006
CASH
₹0.07
26/03/2007
25/09/2006
22/09/2005
CASH
₹0
31/08/2005
24/09/2005
Discover More Dividend Stocks in Consumer Cyclical Sector