Modi's Navnirman Ltd. is engaged in the business of real estate development of residential and commercial projects in India. It is focused on the mid-market and affordable housing categories as target segment within the residential housing market. The company was founded by Dineshkumar Chunilal Modi in 2009 and is headquartered in Mumbai, India.
MODI'S NAVNIRMAN Dividend Announcement
• MODI'S NAVNIRMAN announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2023-10-13. Ex dividend date: 2023-09-06
• MODI'S NAVNIRMAN's trailing twelve-month (TTM) dividend yield is -%
• MODI'S NAVNIRMAN's payout ratio for the trailing twelve months (TTM) is 31.54%
MODI'S NAVNIRMAN Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-09-06 | ₹1.00 | annually | 2023-10-13 |
MODI'S NAVNIRMAN Dividend per year
MODI'S NAVNIRMAN Dividend Yield
MODI'S NAVNIRMAN current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing MODI'S NAVNIRMAN stock? Use our calculator to estimate your expected dividend yield:
MODI'S NAVNIRMAN Financial Ratios
P/E ratio84.97
PEG ratio0.85
P/B ratio5.33
ROE9.66%
Payout ratio31.54%
Current ratio4.48
Quick ratio0.58
Cash Ratio0.35
MODI'S NAVNIRMAN Dividend FAQ
Does MODI'S NAVNIRMAN stock pay dividends?
MODI'S NAVNIRMAN does not currently pay dividends to its shareholders.
Has MODI'S NAVNIRMAN ever paid a dividend?
No, MODI'S NAVNIRMAN has no a history of paying dividends to its shareholders. MODI'S NAVNIRMAN is not known for its dividend payments.
Why doesn't MODI'S NAVNIRMAN pay dividends?
There are several potential reasons why MODI'S NAVNIRMAN would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will MODI'S NAVNIRMAN ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While MODI'S NAVNIRMAN has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is MODI'S NAVNIRMAN a dividend aristocrat?
MODI'S NAVNIRMAN is not considered a Dividend Aristocrat. 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 MODI'S NAVNIRMAN a dividend king?
MODI'S NAVNIRMAN is not classified as a "Dividend King". 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 MODI'S NAVNIRMAN a dividend stock?
No, MODI'S NAVNIRMAN is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy MODI'S NAVNIRMAN stocks?
To buy MODI'S NAVNIRMAN 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 and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy MODI'S NAVNIRMAN 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.
Place an order: Use the brokerage's trading platform to place an order to buy MODI'S NAVNIRMAN 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.