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NITINSPIN

Nitin Spinners Ltd

₹348.70

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 ₹1,957.30Cr. Its share price is ₹348.70 as on 21 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 1.43%.

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 ₹801.33Cr in the quarter ending March 2024. The revenue grew by 22.12% year on year basis since last quarter.
  • Nitin Spinners Ltd’s profits were ₹39.17Cr in the quarter ending March 2024. The profits grew by 1.63% 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: 1.43%
  • Annual dividend payment: ₹5

Nitin Spinners Ltd Dividend v/s Nitin Spinners Ltd Share price

History of Nitin Spinners Ltd's Dividend payments

Ex/EFF DATETYPECASH AMOUNTDECLARATION DATERECORD 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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FAQs

Nitin Spinners Ltd current market price is ₹348.70 per share

Nitin Spinners Ltd has declared dividend worth ₹2.50 in the latest quarter.

Nitin Spinners Ltd has declared dividend on 06/05/2023 of ₹2.50.

Nitin Spinners Ltd has declared dividend 1 times of ₹2.50 in the previous financial year (FY2023-2024)