NIACL
New India Assurance Company Ltd
₹218.95
New India Assurance Company Ltd Dividend 2024 : Should New India Assurance Company Ltd be a part of your dividend portfolio?
New India Assurance Company Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹36,272.48Cr. Its share price is ₹218.95 as on 19 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, New India Assurance Company Ltd gave ₹1.93 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Financial Services stocks do not always pay a dividend but as New India Assurance Company Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, New India Assurance Company Ltd has declared dividend of ₹1.93 - translating a dividend yield of 0.88%.
Let's look at New India Assurance Company Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- New India Assurance Company Ltd’s revenue were ₹11,366.20Cr in the quarter ending December 2023. The revenue grew by 7.48% year on year basis since last quarter.
- New India Assurance Company Ltd’s profits were ₹721.50Cr in the quarter ending December 2023. The profits fell by -2.07% year on year basis since last quarter.
- New India Assurance Company Ltd’s dividend was ₹1.93 in the quarter ending March 2023.
New India Assurance Company Ltd Dividend related ratios:
- Last dividend date: 29/05/2023
- Current Dividend Yield: 0.88%
- Annual dividend payment: ₹1.93
History of New India Assurance Company Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
08/09/2023 | CASH | ₹1.93 | 29/05/2023 | 08/09/2023 |
25/08/2022 | CASH | ₹0.30 | 24/05/2022 | 26/08/2022 |
18/07/2019 | CASH | ₹1.50 | 13/05/2019 | 19/07/2019 |
27/06/2018 | CASH | ₹5 | 11/05/2018 | 28/06/2018 |
29/11/2017 | CASH | ₹3.75 | 15/11/2017 | 01/12/2017 |
