TORNTPHARM
Torrent Pharmaceuticals Ltd
₹2,642.55
Torrent Pharmaceuticals Ltd Dividend 2024 : Should Torrent Pharmaceuticals Ltd be a part of your dividend portfolio?
Torrent Pharmaceuticals Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹90,976.82Cr. Its share price is ₹2,642.55 as on 1 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Torrent Pharmaceuticals Ltd gave ₹30 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 Torrent Pharmaceuticals Ltd pays dividends to reward its shareholders.
- In the quarter ending December 2023, Torrent Pharmaceuticals Ltd has declared dividend of ₹22 - translating a dividend yield of 1.14%.
Let's look at Torrent Pharmaceuticals Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Torrent Pharmaceuticals Ltd’s revenue were ₹2,787Cr in the quarter ending December 2023. The revenue grew by 12.33% year on year basis since last quarter.
- Torrent Pharmaceuticals Ltd’s profits were ₹443Cr in the quarter ending December 2023. The profits grew by 51.71% year on year basis since last quarter.
- Torrent Pharmaceuticals Ltd’s dividend was ₹22 in the quarter ending December 2023.
Torrent Pharmaceuticals Ltd Dividend related ratios:
- Last dividend date: 02/02/2024
- Current Dividend Yield: 1.14%
- Annual dividend payment: ₹30
History of Torrent Pharmaceuticals Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
12/02/2024 | CASH | ₹22 | 02/02/2024 | 12/02/2024 |
23/06/2023 | CASH | ₹8 | 30/05/2023 | 23/06/2023 |
03/02/2023 | CASH | ₹14 | 25/01/2023 | 03/02/2023 |
03/06/2022 | CASH | ₹15 | 25/05/2022 | 06/06/2022 |
03/06/2022 | CASH | ₹8 | 25/05/2022 | 06/06/2022 |
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