Mahanagar Gas Limited Stock Dividends
MGL.NS pays dividends biannually. Last paid amount was ₹12.00 at Feb 22, 2024. As of today, dividend yield (TTM) is 0.783%.
Dividend Yield Range
AI Analysis of MGL.NS
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 0.783% |
|---|---|
| Frequency | Biannually |
| 1Y Growth | 0% |
| Payout Ratio | 0 |
| Amount Per Share | ₹12.00 |
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Mahanagar Gas Limited has not yet announced its next dividend date. Last payment date was: Feb 22, 2024.
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MGL Dividend Payout History
To ensure a understanding of MGL'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.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 05, 2024 | Feb 22, 2024 | ₹12.00 | 0.783% |
| 2 | Feb 14, 2023 | Feb 14, 2023 | Feb 14, 2023 | ₹10.00 | 1.12% |
| 3 | Aug 11, 2022 | Aug 11, 2022 | Aug 11, 2022 | ₹15.50 | 1.80% |
| 4 | Feb 17, 2022 | Feb 17, 2022 | Feb 17, 2022 | ₹9.50 | 1.22% |
| 5 | Sep 17, 2021 | Sep 17, 2021 | Sep 17, 2021 | ₹14.00 | 1.23% |
| 6 | Feb 18, 2021 | Feb 18, 2021 | Feb 18, 2021 | ₹9.00 | 0.773% |
| 7 | Sep 16, 2020 | Sep 16, 2020 | Sep 16, 2020 | ₹15.00 | 1.65% |
| 8 | Feb 26, 2020 | Mar 06, 2020 | Mar 16, 2020 | ₹9.50 | 1.09% |
| 9 | Aug 29, 2019 | Aug 29, 2019 | Aug 29, 2019 | ₹10.50 | 1.24% |
| 10 | Jan 10, 2019 | Feb 07, 2019 | Feb 28, 2019 | ₹9.50 | 1.06% |
Dividend Sustainability
With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.
Sustainability score
Growth potential
MGL Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MGL 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 MGL stock here.
Comparing MGL to Sector and Country
MGL.NS pays a solid dividend yield of 0.783%, which is higher than the average of the bottom 25% of dividend payers in the IN market (0.482%). MGL.NS’s dividend yield is lower than the average of the top 25% of dividend payers in the Utilities sector in the IN market (4.18%), which means that there are more attractive dividend stocks to consider.
