513303
Modern Steels Ltd
₹18.01
Modern Steels Ltd Dividend 2023 : Should Modern Steels Ltd be a part of your dividend portfolio?
Modern Steels Ltd is one of the most popular Industrials company in the world with a market capitalisation of ₹24.90Cr. Its share price is ₹18.01 as on 2 October,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Modern Steels Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Industrials stocks do not always pay a dividend but as Modern Steels Ltd pays dividends to reward its shareholders.
- In the quarter ending June 2007, Modern Steels Ltd has declared dividend of ₹2 - translating a dividend yield of 11.10%.
Let's look at Modern Steels Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Modern Steels Ltd’s revenue were ₹0.18Cr in the quarter ending June 2023. The revenue grew by 800% year on year basis since last quarter.
- Modern Steels Ltd’s profits were ₹0.35Cr in the quarter ending June 2023. The profits fell by -94.44% year on year basis since last quarter.
- Modern Steels Ltd’s dividend was ₹2 in the quarter ending June 2007.
Modern Steels Ltd Dividend related ratios:
- Last dividend date: 24/07/2007
- Current Dividend Yield: 11.10%
- Annual dividend payment: ₹2
History of Modern Steels Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
22/08/2007 | CASH | ₹2 | 24/07/2007 | 24/08/2007 |
21/06/2005 | CASH | ₹0 | 17/06/2005 | 23/06/2005 |
