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 ₹39.06Cr. Its share price is ₹5.79 as on 26 July,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 69.08%.
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 ₹89.90Cr in the quarter ending March 2024. The revenue grew by 85.13% year on year basis since last quarter.
Suumaya Industries Ltd’s profits were ₹-829.42Cr in the quarter ending March 2024. The profits fell by -75.2% year on year basis since last quarter.
Suumaya Industries Ltd’s dividend was ₹1 in the quarter ending June 2021.