Nitin Spinners's dividends per share for the
three
months ended in Sep. 2024 was ₹2.50. Its dividends per share for the trailing twelve months (TTM) ended in Sep. 2024 was ₹2.50. Its Dividend Payout Ratio for the
three
months ended in Sep. 2024 was 0.33. As of today, Nitin Spinners's Dividend Yield % is 0.52%.
Warning Sign:
Nitin Spinners Ltd stock dividend yield is close to 2-year low.
During the past 3 years, the average Dividends Per Share Growth Rate was 60.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 23.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nitin Spinners was 60.90% per year. The lowest was -20.60% per year. And the median was 17.00% per year.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Nitin Spinners Dividends per Share Historical Data
The historical data trend for Nitin Spinners's Dividends per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nitin Spinners's Dividends per Share
For the Textile Manufacturing subindustry, Nitin Spinners's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nitin Spinners's Dividend Yield % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Nitin Spinners's Dividend Yield % falls into.
Nitin Spinners Dividends per Share Calculation
Dividends paid to per common share.
Nitin Spinners (BOM:532698) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Nitin Spinners's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Nitin Spinners was 0.30. The lowest was 0.05. And the median was 0.10.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Nitin Spinners Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 2.500000
2024-09-09
2024-09-10
2024-09-21
Cash Dividend
annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Nitin Spinners's Dividend Yield (%) for Today is calculated as
Current Share Price is ₹471.35.
Nitin Spinners's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹2.5.
During the past 13 years, the highest Dividend Yield of Nitin Spinners was 4.60%. The lowest was 0.24%. And the median was 1.30%.
Warning Sign:
Nitin Spinners Ltd stock dividend yield is close to 2-year low.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nitin Spinners Dividends per Share Related Terms
Thank you for viewing the detailed overview of Nitin Spinners's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Nitin Spinners Ltd is an Indian company engaged in the textile business. It manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The yarn product, which is the key revenue driver, includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three thread fleece. The company carries out sales within India as well as exports to other countries.
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