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Dividend of Nitin Spinners Ltd

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Nitin Spinners Ltd

NSE: NITINSPIN

Dividend Payout (Final)

₹ 2.5

Ex-Dividend Date: Sep 09, 2024

Key Highlights

  • The dividend payouts of Nitin Spinners Ltd changed from ₹ 2.5 to ₹ 0.6 over 6 quarters. This represents a CAGR of -61.38% .
  • The Latest Trading Price of Nitin Spinners Ltd is ₹ 473 as of 12 Dec 15:00 .

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

Historical Dividend Payouts of Nitin Spinners Ltd

Fiscal Year
leftDividend Payout (₹)right
2023-243
2022-233
2021-223
2021-222
2020-212

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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Nitin Spinners Ltd

NSE: NITINSPIN

Share Price

₹ 473

1.65 (0.35%)

stock direction

Last updated on: Dec 12, 2024

Company Fundamentals for Nitin Spinners Ltd

No data available

Dividend Payout Over Time

No data available

Net Profit Vs Dividend Per Share

SWOT Analysis Of Nitin Spinners Ltd

Strength

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Weakness

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Opportunity

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Threats

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BlinkX Score for Nitin Spinners Ltd

Historical Market Cap of Nitin Spinners Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Nitin Spinners Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Nitin Spinners Ltd News Hub

Nitin Spinners announces board meeting date

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 7 November 2024 Power

Read more

2024-10-26 00:00:00

Nitin Spinners standalone net profit rises 33.00% in the September 2024 quarter

Net profit of Nitin Spinners rose 33.00% to Rs 42.16 crore in the quarter ended September 2024 as ag

Read more

2024-11-07 00:00:00

About Nitin Spinners Ltd

  • Nitin Spinners Ltd was incorporated on 15th October, 1992 as a private limited Company with the name Nitin Spinners Pvt Ltd. On November 15, 1994, the company was converted into public limited company and the name was changed to Nitin Spinners Ltd. Nitin Spinners Ltd is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.
  • The company engaged in the textiles business.
  • They manufacture the range of yarn which include open end yarns, multifold open end yarns, ring spun combed yarns, multifold ring spun yarns, S and Z twist yarns, dyeable cheese cones and organic cotton yarns and blends. The company offers fabrics in greige form in tubular and open width.
  • The range includes single jersey, pique structures, interlock structures, rib structures and three thread fleece.

FAQs for Dividends of Nitin Spinners Ltd

What is the current market price of Nitin Spinners Ltd as of December 12, 2024?

The current market price of Nitin Spinners Ltd stands at 473.0 per share.

What dividend did Nitin Spinners Ltd declare in the last fiscal year?

In the last fiscal year, Nitin Spinners Ltd declared a dividend totaling ₹2.5.

What is the most recent dividend declared by Nitin Spinners Ltd?

Nitin Spinners Ltd has declared dividend worth ₹0.0 in the latest quarter..

How many times has Nitin Spinners Ltd declared dividends in the current fiscal year?

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

How many times did Nitin Spinners Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2023-2024), Nitin Spinners Ltd declared dividends 4 times totaling ₹2.5.

What is Dividend Yield of Nitin Spinners Ltd?

The Nitin Spinners Ltd's Dividend Yield is 0.5 as of December 12, 2024

Will I get Nitin Spinners Ltd dividend if I have shares?

If you purchase Nitin Spinners 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 Nitin Spinners Ltd dividend if I sell my shares?

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

How do I check if I am eligible for a Nitin Spinners Ltd dividend?

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

Is Nitin Spinners Ltd dividend automatically credited to a bank account?

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

Will I get Nitin Spinners Ltd dividend if I have shares?

If you purchase Nitin Spinners 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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