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Nitin Spinners Limited manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India. The company offers ring spun carded, ring spun, compact ring spun combed, compact ring spun, blended ring spun, fancy slub, compact fancy slub, core spun, compact core spun, S and Z twist, organic cotton, BCI/TBC certified, Supima and Giza certified, contamination free, zero and eli twist, and open end yarns; poly /cotton blended open end yarns; combed, compact, and carded multi-fold ring spun yarns; and yarns made out of recycled fibers, as well as dye able cheese/cones used in woven and knitted apparel, furnishing fabrics, denims, terry towel, medical fabrics, tea bags, and bed linen. It also provides single jersey, Lycra blended, pique structured, interlock structured, rib structured, and 3 T fleece fabrics used in inner, comfort, sports, baby, and winter wears. In addition, the company offers finished and printed woven fabrics used in fashion and image wears, uniforms, health care apparels, hotel apparels, industrial and protective apparels, and defense apparels. It also exports its products to approximately 50 countries. The company was incorporated in 1992 and is headquartered in Bhilwara, India.

Nitin Spinners Dividend Announcement

Nitin Spinners announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-10-16. Ex dividend date: 2024-09-09
Nitin Spinners annual dividend for 2024 was ₹2.50
Nitin Spinners annual dividend for 2023 was ₹2.50
Nitin Spinners's trailing twelve-month (TTM) dividend yield is 0.52%
Nitin Spinners's dividend growth over the last five years (2018-2023) was 15.81% year

Nitin Spinners Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-09₹2.50annually2024-10-16
2023-09-11₹2.50annually2023-10-18
2022-09-07₹2.50annually2022-10-15
2022-02-10₹1.50annually2022-03-05
2021-09-08₹1.50annually2021-10-16
2020-09-08₹0.60annually2020-10-16
2019-09-12₹1.25annually2019-10-20
2018-09-12₹1.20annually2018-10-22
2017-08-24₹1.20annually2017-10-04
2016-09-15₹1.00annually2016-10-24
2015-09-15₹1.00annually2015-10-25
2014-09-02₹0.75annually2014-10-11

Nitin Spinners Dividend per year

Nitin Spinners Dividend growth

Nitin Spinners Dividend Yield

Nitin Spinners current trailing twelve-month (TTM) dividend yield is 0.52%. Interested in purchasing Nitin Spinners stock? Use our calculator to estimate your expected dividend yield:

Nitin Spinners Financial Ratios

P/E ratio17.29
PEG ratio0.48
P/B ratio2.20
ROE13.54%
Payout ratio0.00%
Current ratio1.67
Quick ratio0.95
Cash Ratio0.02

Nitin Spinners Dividend FAQ

How much is the next Nitin Spinners dividend?
Nitin Spinners's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Nitin Spinners dividend. The next Nitin Spinners dividend will be released in September.
When is Nitin Spinners dividend paid?
Nitin Spinners pays dividends on a annually basis. The specific dates may vary each year but are generally around September. 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 Nitin Spinners pay?
The specific amount of Nitin Spinners 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 Nitin Spinners's dividend history.
Does Nitin Spinners stock pay dividends?
Yes, Nitin Spinners 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 Nitin Spinners's dividend history.
How much dividend does Nitin Spinners pay?
Nitin Spinners paid ₹2.5 in 2024, ₹2.5 in 2023, ₹4.0 in 2022, ₹1.5 in 2021, and ₹0.6 in 2020.
How often does Nitin Spinners pay dividends?
Nitin Spinners typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around September.
What is Nitin Spinners's dividend yield?
The current dividend yield for Nitin Spinners is 0.52%. 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 Nitin Spinners's exact dividend yield.
When does Nitin Spinners go ex dividend?
Nitin Spinners's ex-dividend date for the latest dividend was on 2024-09-09. Nitin Spinners 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 Nitin Spinners dividend paid?
Nitin Spinners pays dividends on a annually basis, typically around September, but the exact dates can vary each year.
Will Nitin Spinners 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 Nitin Spinners 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 Nitin Spinners dividend per share?
Nitin Spinners paid ₹2.5 per share in 2024 and ₹2.5 per share in 2023. The amount of dividend per share that Nitin Spinners 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 Nitin Spinners 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 Nitin Spinners 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 Nitin Spinners a dividend stock?
Yes, Nitin Spinners is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Nitin Spinners a good dividend stock?
Whether Nitin Spinners is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Nitin Spinners has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Nitin Spinners 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 Nitin Spinners pay dividends monthly?
Nitin Spinners typically pays dividends on a annually basis.
Does Nitin Spinners pay dividends quarterly?
Nitin Spinners currently pays dividends on a annually basis.
Has Nitin Spinners ever paid a dividend?
Yes, Nitin Spinners has a history of paying dividends to its shareholders. Nitin Spinners is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Nitin Spinners dividend stocks?
To buy Nitin Spinners 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 Nitin Spinners 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 Nitin Spinners pay dividends 2024?
Nitin Spinners pays dividends on a annually basis. 2024 dividend payments are in 2024-10-16. 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 Nitin Spinners increase its dividend in 2024?
Decisions regarding Nitin Spinners 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 Nitin Spinners dividend overview you can look into the above table of dividend history.
How Nitin Spinners dividend works?
The Nitin Spinners 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 Nitin Spinners's dividend process works:

1. Determination of Dividend: Nitin Spinners'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, Nitin Spinners 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, Nitin Spinners 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 Nitin Spinners 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 Nitin Spinners dividends paid?
Nitin Spinners dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Nitin Spinners 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, Nitin Spinners distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Nitin Spinners 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 Nitin Spinners pay dividends?
Nitin Spinners typically pays dividends on a 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 Nitin Spinners pay dividends?
The general pattern is that Nitin Spinners pays dividends around September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Nitin Spinners dividend safe?
The safety of Nitin Spinners'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 Nitin Spinners'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 Nitin Spinners'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.