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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 dateDividend amountDividend typePay date
2024-08-14₹18.00semi annually2024-09-22
2024-02-05₹12.00semi annually2024-02-22
2023-08-14₹16.00semi annually2023-09-23
2023-02-14₹10.00semi annually2023-03-04
2022-08-11₹15.50semi annually2022-09-23
2022-02-17₹9.50semi annually2022-03-10
2021-09-17₹14.00semi annually2021-10-28
2021-02-18₹9.00semi annually2021-03-11
2020-09-16₹15.00semi annually2020-10-06
2020-03-06₹9.50semi annually2020-03-16
2019-08-29₹10.50semi annually2019-10-09
2019-02-07₹9.50semi annually2019-02-28
2018-09-07₹11.00semi annually2018-10-17
2018-02-20₹8.00semi annually2018-03-11
2017-09-14₹6.50semi annually2017-10-25
2017-02-17₹8.00semi annually2017-03-13
2016-09-15₹7.50semi annually2016-10-26

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

P/E ratio11.07
PEG ratio9.81
P/B ratio2.29
ROE22.31%
Payout ratio0.00%
Current ratio1.15
Quick ratio1.12
Cash Ratio0.05

Mahanagar Gas Dividend FAQ

How much is the next Mahanagar Gas dividend?
Mahanagar Gas's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Mahanagar Gas dividend. The next Mahanagar Gas dividend will be released in February, or August.
When is Mahanagar Gas dividend paid?
Mahanagar Gas pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Mahanagar Gas pay?
The specific amount of Mahanagar Gas dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Mahanagar Gas's dividend history.
Does Mahanagar Gas stock pay dividends?
Yes, Mahanagar Gas does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Mahanagar Gas's dividend history.
How much dividend does Mahanagar Gas pay?
Mahanagar Gas paid ₹30.0 in 2024, ₹26.0 in 2023, ₹25.0 in 2022, ₹23.0 in 2021, and ₹24.5 in 2020.
How often does Mahanagar Gas pay dividends?
Mahanagar Gas typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and August.
What is Mahanagar Gas's dividend yield?
The current dividend yield for Mahanagar Gas is 2.34%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Mahanagar Gas's exact dividend yield.
When does Mahanagar Gas go ex dividend?
Mahanagar Gas's ex-dividend date for the latest dividend was on 2024-08-14. Mahanagar Gas typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Mahanagar Gas dividend paid?
Mahanagar Gas pays dividends on a semi annually basis, typically around February, or August, but the exact dates can vary each year.
Will Mahanagar Gas increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Mahanagar Gas will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Mahanagar Gas dividend per share?
Mahanagar Gas paid ₹30.0 per share in 2024 and ₹26.0 per share in 2023. The amount of dividend per share that Mahanagar Gas pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Mahanagar Gas a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Mahanagar Gas a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Mahanagar Gas a dividend stock?
Yes, Mahanagar Gas is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Mahanagar Gas a good dividend stock?
Whether Mahanagar Gas is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Mahanagar Gas has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Mahanagar Gas pay dividends monthly?
Mahanagar Gas typically pays dividends on a semi annually basis.
Does Mahanagar Gas pay dividends quarterly?
Mahanagar Gas currently pays dividends on a semi annually basis.
Has Mahanagar Gas ever paid a dividend?
Yes, Mahanagar Gas has a history of paying dividends to its shareholders. Mahanagar Gas is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Mahanagar Gas dividend stocks?
To buy Mahanagar Gas you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Mahanagar Gas stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Mahanagar Gas pay dividends 2024?
Mahanagar Gas pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-22. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Mahanagar Gas increase its dividend in 2024?
Decisions regarding Mahanagar Gas dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Mahanagar Gas dividend overview you can look into the above table of dividend history.
How Mahanagar Gas dividend works?
The Mahanagar Gas dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Mahanagar Gas's dividend process works:

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.
How are Mahanagar Gas dividends paid?
Mahanagar Gas dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Mahanagar Gas pay dividends?
Mahanagar Gas typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Mahanagar Gas pay dividends?
The general pattern is that Mahanagar Gas pays dividends around February, and August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Mahanagar Gas dividend safe?
The safety of Mahanagar Gas's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.