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Nuvama Wealth Management Limited engages in wealth management, asset management, and capital markets businesses in India. The company provides debt advisory and clearing services; and portfolio management and investment advisory services. It is also involved in institutional and retail securities broking business; distribution of financial products; lending against securities; and investment management business for alternative investment funds. The company was formerly known as Edelweiss Securities Limited and changed its name to Nuvama Wealth Management Limited in August 2022. Nuvama Wealth Management Limited was incorporated in 1993 and is based in Mumbai, India.

Nuvama Wealth Management Dividend Announcement

Nuvama Wealth Management announced a annually dividend of ₹81.50 per ordinary share which will be made payable on 2024-08-24. Ex dividend date: 2024-08-07
Nuvama Wealth Management annual dividend for 2024 was ₹81.50
Nuvama Wealth Management's trailing twelve-month (TTM) dividend yield is 1.35%

Nuvama Wealth Management Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-07₹81.50annually2024-08-24

Nuvama Wealth Management Dividend per year

Nuvama Wealth Management Dividend Yield

Nuvama Wealth Management current trailing twelve-month (TTM) dividend yield is 1.35%. Interested in purchasing Nuvama Wealth Management stock? Use our calculator to estimate your expected dividend yield:

Nuvama Wealth Management Financial Ratios

P/E ratio29.57
PEG ratio0.87
P/B ratio7.38
ROE26.78%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Nuvama Wealth Management Dividend FAQ

Does Nuvama Wealth Management stock pay dividends?
Nuvama Wealth Management does not currently pay dividends to its shareholders.
Has Nuvama Wealth Management ever paid a dividend?
No, Nuvama Wealth Management has no a history of paying dividends to its shareholders. Nuvama Wealth Management is not known for its dividend payments.
Why doesn't Nuvama Wealth Management pay dividends?
There are several potential reasons why Nuvama Wealth Management 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.
Will Nuvama Wealth Management 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 Nuvama Wealth Management 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 Nuvama Wealth Management a dividend aristocrat?
Nuvama Wealth Management 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 Nuvama Wealth Management a dividend king?
Nuvama Wealth Management 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 Nuvama Wealth Management a dividend stock?
No, Nuvama Wealth Management 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 Nuvama Wealth Management stocks?
To buy Nuvama Wealth Management 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 Nuvama Wealth Management 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.