Syrma SGS Technology Ltd Dividend 2023 : Should Syrma SGS Technology Ltd be a part of your dividend portfolio?
Syrma SGS Technology Ltd is one of the most popular Electronics company in the world with a market capitalisation of ₹9,173.89Cr. Its share price is ₹538.80 as on 22 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Syrma SGS Technology Ltd gave ₹1.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Electronics stocks do not always pay a dividend but as Syrma SGS Technology Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Syrma SGS Technology Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.28%.
Let's look at Syrma SGS Technology Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Syrma SGS Technology Ltd’s revenue were ₹623.39Cr in the quarter ending June 2023. The revenue grew by 59.12% year on year basis since last quarter.
Syrma SGS Technology Ltd’s profits were ₹28.52Cr in the quarter ending June 2023. The profits grew by 83.06% year on year basis since last quarter.
Syrma SGS Technology Ltd’s dividend was ₹1.50 in the quarter ending March 2023.