Mahanagar Gas Limited operates as a natural gas distribution company in India. The company provides domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG), as well as manufactures gas geysers. It operates 290 CNG filing stations that provides gas to approximately 8.5 lakh vehicles with 1,738 dispensing points; 550 km of steel pipeline and approximately 5,670 km of MDPE pipeline; and 4,339 commercial and industrial customers. The company's PNG is used for various applications, such as cooking and water heating, as well as in hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship, etc. Mahanagar Gas Limited was incorporated in 1995 and is based in Mumbai, India.
Mahanagar Gas Dividend Announcement
• Mahanagar Gas announced a semi annually dividend of ₹18.00 per ordinary share which will be made payable on 2024-09-22. Ex dividend date: 2024-08-14
• Mahanagar Gas annual dividend for 2024 was ₹30.00
• Mahanagar Gas annual dividend for 2023 was ₹26.00
• Mahanagar Gas's trailing twelve-month (TTM) dividend yield is 2.34%
• Mahanagar Gas's dividend growth over the last five years (2018-2023) was 6.47% year
Mahanagar Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-14 | ₹18.00 | semi annually | 2024-09-22 |
2024-02-05 | ₹12.00 | semi annually | 2024-02-22 |
2023-08-14 | ₹16.00 | semi annually | 2023-09-23 |
2023-02-14 | ₹10.00 | semi annually | 2023-03-04 |
2022-08-11 | ₹15.50 | semi annually | 2022-09-23 |
2022-02-17 | ₹9.50 | semi annually | 2022-03-10 |
2021-09-17 | ₹14.00 | semi annually | 2021-10-28 |
2021-02-18 | ₹9.00 | semi annually | 2021-03-11 |
2020-09-16 | ₹15.00 | semi annually | 2020-10-06 |
2020-03-06 | ₹9.50 | semi annually | 2020-03-16 |
2019-08-29 | ₹10.50 | semi annually | 2019-10-09 |
2019-02-07 | ₹9.50 | semi annually | 2019-02-28 |
2018-09-07 | ₹11.00 | semi annually | 2018-10-17 |
2018-02-20 | ₹8.00 | semi annually | 2018-03-11 |
2017-09-14 | ₹6.50 | semi annually | 2017-10-25 |
2017-02-17 | ₹8.00 | semi annually | 2017-03-13 |
2016-09-15 | ₹7.50 | semi annually | 2016-10-26 |
Mahanagar Gas Dividend per year
Mahanagar Gas Dividend growth
Mahanagar Gas Dividend Yield
Mahanagar Gas current trailing twelve-month (TTM) dividend yield is 2.34%. Interested in purchasing Mahanagar Gas stock? Use our calculator to estimate your expected dividend yield:
Mahanagar Gas Financial Ratios
Mahanagar Gas Dividend FAQ
Other factors to consider when evaluating Mahanagar Gas as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Mahanagar Gas's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Mahanagar Gas publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Mahanagar Gas distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Mahanagar Gas are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Mahanagar Gas sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Mahanagar Gas distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Mahanagar Gas declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Mahanagar Gas's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Mahanagar Gas's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.