Yes, Polyplex Corporation Ltd is giving dividends in 2024.
Polyplex Corporation Ltd has a record of dividend payouts, with a specific dividend announced for November 2024. This indicates the company's continued practice of distributing earnings to its shareholders.
Polyplex Dividend Overview
The company's dividend payouts have shown variations over recent years. For instance, a dividend payout of ₹9 is noted for November 26, 2024. Previously, a higher dividend of ₹20 was paid on November 24, 2022. Over a six-year period, the dividend payouts have demonstrated a Compound Annual Growth Rate (CAGR) of 14.23%.
Understanding a company's dividend policy is crucial for investors, as it reflects financial health and management's commitment to shareholder returns.
Recent Dividend Payouts
To provide a clearer picture, here's a summary of recent dividend payouts for Polyplex Corporation Ltd:
| Date | Dividend Payout (₹ per share) |
|---|---|
| Nov 26, 2024 | 9 |
| Nov 24, 2022 | 20 |
As of December 20, the latest trading price for Polyplex Corporation Ltd was ₹1295.
Key Takeaways for Investors
- Consistency: The presence of a dividend payout in 2024 demonstrates a continuation of Polyplex's dividend policy.
- Historical Performance: The 14.23% CAGR over six years suggests a history of dividend growth, although the individual payouts can fluctuate.
- Shareholder Returns: Dividends are a direct form of return to shareholders, indicating a company's profitability and willingness to share it with investors.
Investors often look at dividend history as one of many factors when evaluating a stock, alongside financial performance, market conditions, and future outlook.
