POCL Enterprises Ltd Dividend 2023 : Should POCL Enterprises Ltd be a part of your dividend portfolio?
POCL Enterprises Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹102.68Cr. Its share price is ₹184.15 as on 24 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, POCL Enterprises Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Basic Materials stocks do not always pay a dividend but as POCL Enterprises Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, POCL Enterprises Ltd has declared dividend of ₹2 - translating a dividend yield of 1.09%.
Let's look at POCL Enterprises Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
POCL Enterprises Ltd’s revenue were ₹217.66Cr in the quarter ending June 2023. The revenue grew by 38.34% year on year basis since last quarter.
POCL Enterprises Ltd’s profits were ₹3.15Cr in the quarter ending June 2023. The profits grew by 29.1% year on year basis since last quarter.
POCL Enterprises Ltd’s dividend was ₹2 in the quarter ending March 2023.