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Gujarat Mineral Development Corporation Limited Stock Dividends Overview

GMDCLTD.NS pays dividends yearly. Last paid amount was ₹11.45 at Oct 30, 2023. As of today, dividend yield (TTM) is 3.18%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 3.18%
Frequency Yearly
1Y Growth 0%
Payout Ratio 0
Amount Per Share ₹11.45
Gujarat Mineral Development Corporation Limited has not yet announced its next dividend date. Last payment date was: Oct 30, 2023.

GMDCLTD Dividend Payout History

To ensure a understanding of GMDCLTD's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
21 Jul 21, 2003 Sep 12, 2003 Oct 01, 2003 ₹0.450 4.00%
22 Jul 20, 2002 Sep 16, 2002 Oct 04, 2002 ₹0.400 5.19%

Dividend Sustainability

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Furthermore, its high Dividend Growth Potential Score (DGPS) signals potential dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Sustainability score

Good (73.03%)

Growth potential

Stable (19.38%)

GMDCLTD Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from GMDCLTD dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in GMDCLTD stock here.

Comparing GMDCLTD to Sector and Country

GMDCLTD.NS pays a solid dividend yield of 3.18%, which is higher than the average of the bottom 25% of dividend payers in the IN market (0.290%). GMDCLTD.NS’s dividend yield is lower than the average of the top 25% of dividend payers in the Energy sector in the IN market (6.84%), which means that there are more attractive dividend stocks to consider.

FAQ

What factors can affect the amount of GMDCLTD.NS's dividend payments?
The amount of GMDCLTD.NS's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in GMDCLTD.NS sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from GMDCLTD.NS stock be automatically reinvested?
If GMDCLTD.NS offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy GMDCLTD.NS stock.

How often does GMDCLTD.NS pay dividend?
Gujarat Mineral Development Corporation Limited (GMDCLTD.NS) pays dividends yearly. The most recent payout was on Oct 30, 2023.

How much does GMDCLTD.NS pays per share?
The last recorder (Sep 22, 2023) dividend per share was ₹11.45.

What is GMDCLTD.NS dividend growth rate?
Over the last year, Gujarat Mineral Development Corporation Limited has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 285.41%. Furthermore, examining the past 5 years, Gujarat Mineral Development Corporation Limited has maintained an average Dividends Per Share Growth Rate of 41.76%.
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About Gujarat Mineral Development Corporation Limited

Gujarat Mineral Development  Limited Gujarat Mineral Development Corporation Limited engages in mining business in India. It operates in two segments, Mining and Power. The company explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. It also generates power using thermal, wind, and solar sources. The company was incorporated in 1963 and is based in Ahmedabad, India.... GMDCLTD.NS Profile

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