Narendra Properties Ltd Dividend 2024 : Should Narendra Properties Ltd be a part of your dividend portfolio?
Narendra Properties Ltd is one of the most popular Real Estate company in the world with a market capitalisation of ₹43.14Cr. Its share price is ₹59 as on 1 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Narendra Properties Ltd gave ₹1 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Real Estate stocks do not always pay a dividend but as Narendra Properties Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Narendra Properties Ltd has declared dividend of ₹1 - translating a dividend yield of 1.69%.
Let's look at Narendra Properties Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Narendra Properties Ltd’s profits were ₹0.76Cr in the quarter ending December 2023. The profits fell by -20.63% year on year basis since last quarter.
Narendra Properties Ltd’s dividend was ₹1 in the quarter ending March 2023.