Suumaya Industries Ltd Dividend 2024 : Should Suumaya Industries Ltd be a part of your dividend portfolio?
Suumaya Industries Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹53.97Cr. Its share price is ₹8.60 as on 2 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Suumaya Industries Ltd gave ₹4 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 Suumaya Industries Ltd pays dividends to reward its shareholders.
In the quarter ending June 2021, Suumaya Industries Ltd has declared dividend of ₹1 - translating a dividend yield of 46.51%.
Let's look at Suumaya Industries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Suumaya Industries Ltd’s revenue were ₹1,127.04Cr in the quarter ending December 2023. The revenue grew by 431.52% year on year basis since last quarter.
Suumaya Industries Ltd’s profits were ₹-153.32Cr in the quarter ending December 2023. The profits fell by -23330.3% year on year basis since last quarter.
Suumaya Industries Ltd’s dividend was ₹1 in the quarter ending June 2021.