Pioneer Embroideries Ltd Dividend 2023 : Should Pioneer Embroideries Ltd be a part of your dividend portfolio?
Pioneer Embroideries Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹131.64Cr. Its share price is ₹48.75 as on 2 October,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Pioneer Embroideries Ltd gave ₹0.30 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 Pioneer Embroideries Ltd pays dividends to reward its shareholders.
In the quarter ending March 2022, Pioneer Embroideries Ltd has declared dividend of ₹0.30 - translating a dividend yield of 0.62%.
Let's look at Pioneer Embroideries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Pioneer Embroideries Ltd’s revenue were ₹74.06Cr in the quarter ending June 2023. The revenuefell by -14.51% year on year basis since last quarter.
Pioneer Embroideries Ltd’s profits were ₹1.04Cr in the quarter ending June 2023. The profits grew by 1633.33% year on year basis since last quarter.
Pioneer Embroideries Ltd’s dividend was ₹0.30 in the quarter ending March 2022.