Vineet Laboratories Ltd Dividend 2024 : Should Vineet Laboratories Ltd be a part of your dividend portfolio?
Vineet Laboratories Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹51.62Cr. Its share price is ₹55.70 as on 30 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Vineet Laboratories Ltd gave ₹1 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 Vineet Laboratories Ltd pays dividends to reward its shareholders.
In the quarter ending March 2022, Vineet Laboratories Ltd has declared dividend of ₹1 - translating a dividend yield of 1.80%.
Let's look at Vineet Laboratories Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Vineet Laboratories Ltd’s revenue were ₹32.66Cr in the quarter ending December 2023. The revenuefell by -51.09% year on year basis since last quarter.
Vineet Laboratories Ltd’s profits were ₹-2.07Cr in the quarter ending December 2023. The profits fell by -248.92% year on year basis since last quarter.
Vineet Laboratories Ltd’s dividend was ₹1 in the quarter ending March 2022.
Vineet Laboratories Ltd Dividend related ratios:
Last dividend date: 28/05/2022
Current Dividend Yield: 1.80%
Annual dividend payment: ₹1
History of Vineet Laboratories Ltd's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
19/09/2022
CASH
₹1
28/05/2022
20/09/2022
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