MMP Industries Ltd Dividend 2024 : Should MMP Industries Ltd be a part of your dividend portfolio?
MMP Industries Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹849.97Cr. Its share price is ₹345.10 as on 6 December,2024.The dividend is a percentage of earnings paid out to shareholders. Last year, MMP Industries Ltd gave ₹2.50 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 MMP Industries Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, MMP Industries Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.72%.
Let's look at MMP Industries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
MMP Industries Ltd’s revenue were ₹146.66Cr in the quarter ending September 2024. The revenue grew by 14.61% year on year basis since last quarter.
MMP Industries Ltd’s profits were ₹5.83Cr in the quarter ending September 2024. The profits grew by 24.84% year on year basis since last quarter.
MMP Industries Ltd’s dividend was ₹1.50 in the quarter ending March 2024.