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Mahanagar Gas Ltd Dividend

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Mahanagar Gas Ltd

NSE: MGL

Dividend Payout (Final)

₹ 18

Ex-Dividend Date: Aug 14, 2024

Key Highlights

  • The Dividend Payouts of Mahanagar Gas Ltd changed from ₹ 18 on Aug 14, 2024 to ₹ 9.5 on Feb 17, 2022 . This represents a CAGR of -10.10% over 6 years.
  • The Latest Trading Price of Mahanagar Gas Ltd is ₹ 1260 as of 04 Dec 15:30 .

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Monitoring Mahanagar Gas Ltd share price can help you stay informed about potential market shifts and opportunities.

Historical Dividend Payouts of Mahanagar Gas Ltd

Fiscal Year
leftDividend Payout (₹)right
2023-2418
2023-2412
2022-2316
2022-2310
2021-2216

Overview of Dividend

  • <h2><strong>Types of Dividend</strong></h2><br> <h3>Special Dividend</h3> <p>A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.</p> <br> <h3>Preferred Dividend</h3> <p>A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.</p> <br> <h3>Interim Dividend</h3> <p>Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.</p> <br> <h3>Final Dividend</h3> <p>A final dividend is issued after the year's accounts have been compiled.
  • Aside from this, the following list highlights the most prevalent sorts of dividends:</p> <br>.

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


Dividend Yield Comparison With Top Peers

* All values are in %

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Mahanagar Gas Ltd

NSE: MGL

Share Price

₹ 1260.25

-19.05 (-1.49%)

stock direction

Last updated on: Dec 04, 2024

Company Fundamentals for Mahanagar Gas Ltd

No data available

Dividend Payout Over Time

No data available

Net Profit Vs Dividend Per Share

SWOT Analysis Of Mahanagar Gas Ltd

Strength

2

che

Weakness

2

che

Opportunity

0

che

Threats

0

che

BlinkX Score for Mahanagar Gas Ltd

Historical Market Cap of Mahanagar Gas Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Mahanagar Gas Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Mahanagar Gas Ltd News Hub

Gas stocks plunge as government cuts domestic gas allocation

Indraprastha Gas (down 18.66%), Mahanagar Gas (down 13.45%), Gujarat Gas (down 6.36%), Adani Total G

Read more

18 Nov 2024 14:35

Mahanagar Gas to undertake battery cell manufacturing with International Battery Co

In a regulatory filing made post trading hours on Thursday, MGL stated that it has signed a share su

Read more

08 Nov 2024 09:39

Mahanagar Gas declines after weak Q2 performance

EBITDA fell by 16.8% to Rs 282.8 crore in Q2 FY25 from Rs 338.5 crore in Q2 FY24. EBITDA margin for

Read more

25 Oct 2024 10:04

Mahanagar Gas to convene board meeting

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 24 October 2024. Power

Read more

19 Oct 2024 09:48

Gas stocks plunge after Govt cuts domestic gas allocation

Mahanagar Gas (down 12.03%), Indraprastha Gas (down 10.55%), Adani Total Gas (down 1.19%), Gujarat G

Read more

18 Oct 2024 11:47

Mahanagar Gas schedules AGM

Mahanagar Gas announced that the 29th Annual General Meeting (AGM) of the company will be held on 23

Read more

01 Aug 2024 17:50

About Mahanagar Gas Ltd

  • Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India.
  • MGL is the sole authorised distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane urban and adjoining municipalities and the Raigad district in the state of Maharashtra, India.
  • The company distributes CNG for use in motor vehicles and PNG for domestic household as well as for commercial and industrial use.
  • MGL distributes natural gas through an extensive CGD network of pipelines. Mahanagar Gas Limited (MGL) was incorporated in 1995, a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas), and the Government of Maharashtra. During the year 2002-2003, the company expanded the Compressed Natural Gas (CNG) distribution network across the city of Mumbai and in the same year, the company set up additional 45 CNG outlets.

FAQs for Dividends of Mahanagar Gas Ltd

What is the current market price of Mahanagar Gas Ltd as of December 4, 2024?

The current market price of Mahanagar Gas Ltd stands at 1260.3 per share.

What dividend did Mahanagar Gas Ltd declare in the last fiscal year?

In the last fiscal year, Mahanagar Gas Ltd declared a dividend totaling ₹0.0.

What is the most recent dividend declared by Mahanagar Gas Ltd?

Mahanagar Gas Ltd has declared dividend worth ₹0.0 in the latest quarter..

How many times has Mahanagar Gas Ltd declared dividends in the current fiscal year?

Mahanagar Gas Ltd has declared dividends 2 times totaling ₹0 in the current fiscal year (FY2024-2025).

How many times did Mahanagar Gas Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2023-2024), Mahanagar Gas Ltd declared dividends 4 times totaling ₹0.0.

What is Dividend Yield of Mahanagar Gas Ltd?

The Mahanagar Gas Ltd's Dividend Yield is 2.4 as of December 4, 2024

Will I get Mahanagar Gas Ltd dividend if I have shares?

If you purchase Mahanagar Gas Ltd stock on or after its ex-dividend date, you won’t receive the next dividend; the seller will. Buy before the ex-dividend date to receive the dividend.

Do I lose my Mahanagar Gas Ltd dividend if I sell my shares?

Shareholders who sell their Mahanagar Gas Ltd stock before the ex-dividend date do not receive the dividend.

How do I check if I am eligible for a Mahanagar Gas Ltd dividend?

To be eligible for the Mahanagar Gas Ltd dividend, you must buy the stock no later than one day before the ex-dividend date.

Is Mahanagar Gas Ltd dividend automatically credited to a bank account?

If your bank mandate is registered with the registrar, the Mahanagar Gas Ltd dividend amount will be automatically credited to your bank account.

Will I get Mahanagar Gas Ltd dividend if I have shares?

If you purchase Mahanagar Gas Ltd stock on or after its ex-dividend date, you won’t receive the next dividend; the seller will. Buy before the ex-dividend date to receive the dividend.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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