Nitin Spinners Limited Stock Dividends
₹369.35
-4.05 (-1.08%)
At Close: May 02, 2024
NITINSPIN.NS used to pay dividends yearly. Last paid amount was ₹2.50 at Sep 07, 2022. As of today, dividend yield (TTM) is 0%.
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.
AI Analysis of NITINSPIN.NS
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Key Stats
| Dividend Yield (TTM) | 0% |
|---|---|
| Frequency | Yearly |
| 1Y Growth | 0% |
| Payout Ratio | 0 |
| Amount Per Share | ₹2.50 |
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Nitin Spinners Limited has not yet announced its next dividend date. Last payment date was: Sep 07, 2022.
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NITINSPIN Dividend Payout History
To ensure a understanding of NITINSPIN'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 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ₹2.50 | 1.07% |
| 2 | Feb 10, 2022 | Feb 10, 2022 | Feb 10, 2022 | ₹1.50 | 0.475% |
| 3 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹1.50 | 0.664% |
| 4 | Sep 08, 2020 | Sep 08, 2020 | Sep 08, 2020 | ₹0.600 | 1.58% |
| 5 | May 25, 2019 | Sep 12, 2019 | Sep 20, 2019 | ₹1.25 | 2.40% |
| 6 | May 10, 2018 | Sep 12, 2018 | Oct 22, 2018 | ₹1.20 | 1.59% |
| 7 | May 08, 2017 | Aug 24, 2017 | Oct 04, 2017 | ₹1.20 | 1.15% |
| 8 | May 03, 2016 | Sep 15, 2016 | Oct 24, 2016 | ₹1.00 | 1.41% |
| 9 | May 04, 2015 | Sep 15, 2015 | Oct 25, 2015 | ₹1.00 | 1.52% |
| 10 | May 06, 2014 | Sep 02, 2014 | Oct 11, 2014 | ₹0.750 | 2.80% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Low (50.00%)
Growth potential
Decrease likely (37.82%)
FAQ
What factors can affect the amount of NITINSPIN.NS's dividend payments?
The amount of NITINSPIN.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 NITINSPIN.NS sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.
Can dividends from NITINSPIN.NS stock be automatically reinvested?
If NITINSPIN.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 NITINSPIN.NS stock.
How often does NITINSPIN.NS pay dividend?
Nitin Spinners Limited (NITINSPIN.NS) used to pay dividends yearly. The most recent payout was on Sep 07, 2022.
How much does NITINSPIN.NS pays per share?
The last recorder (Sep 07, 2022) dividend per share was ₹2.50.
What is NITINSPIN.NS dividend growth rate?
Over the last year, Nitin Spinners Limited has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 18.56%. Furthermore, examining the past 5 years, Nitin Spinners Limited has maintained an average Dividends Per Share Growth Rate of 14.87%.
