Vishal Bearings Ltd Dividend 2024 : Should Vishal Bearings Ltd be a part of your dividend portfolio?
Vishal Bearings Ltd is one of the most popular Industrials company in the world with a market capitalisation of ₹164.02Cr. Its share price is ₹151.50 as on 2 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Vishal Bearings Ltd gave ₹0.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Industrials stocks do not always pay a dividend but as Vishal Bearings Ltd pays dividends to reward its shareholders.
In the quarter ending September 2021, Vishal Bearings Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.33%.
Let's look at Vishal Bearings Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Vishal Bearings Ltd’s revenue were ₹23.11Cr in the quarter ending December 2023. The revenuefell by -35.75% year on year basis since last quarter.
Vishal Bearings Ltd’s profits were ₹0.07Cr in the quarter ending December 2023. The profits fell by -98.79% year on year basis since last quarter.
Vishal Bearings Ltd’s dividend was ₹0.50 in the quarter ending September 2021.