NITINSPIN
Nitin Spinners Ltd
₹369.35
Nitin Spinners Ltd Dividend 2024 : Should Nitin Spinners Ltd be a part of your dividend portfolio?
Nitin Spinners Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹2,081.55Cr. Its share price is ₹369.35 as on 2 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Nitin Spinners Ltd gave ₹5 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 Nitin Spinners Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Nitin Spinners Ltd has declared dividend of ₹2.50 - translating a dividend yield of 1.35%.
Let's look at Nitin Spinners Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Nitin Spinners Ltd’s revenue were ₹750.72Cr in the quarter ending December 2023. The revenue grew by 39.67% year on year basis since last quarter.
- Nitin Spinners Ltd’s profits were ₹31.75Cr in the quarter ending December 2023. The profits grew by 0.54% year on year basis since last quarter.
- Nitin Spinners Ltd’s dividend was ₹2.50 in the quarter ending March 2023.
Nitin Spinners Ltd Dividend related ratios:
- Last dividend date: 06/05/2023
- Current Dividend Yield: 1.35%
- Annual dividend payment: ₹5
History of Nitin Spinners Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
11/09/2023 | CASH | ₹2.50 | 06/05/2023 | 12/09/2023 |
07/09/2022 | CASH | ₹2.50 | 12/05/2022 | 09/09/2022 |
10/02/2022 | CASH | ₹1.50 | 03/02/2022 | 11/02/2022 |
08/09/2021 | CASH | ₹1.50 | 08/05/2021 | 10/09/2021 |
08/09/2020 | CASH | ₹0.60 | 19/06/2020 | 10/09/2020 |
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