Share Price Rs 134, Dividend Alert: Saint Gobain Sekurit India has declared a dividend of Rs 17 per equity share for its shareholders for the fourth quarter of fiscal 2024. In Monday's trade, its shares closed at Rs 133.95 on BSE.
"The Board of Directors have recommended a dividend of ₹17/- per equity share (340%) of ₹5/- each for the financial year 2023-24, subject to the approval of the Members at the ensuing Annual General Meeting (“AGM”) of the Company to be held on Thursday, July 18, 2024," said the company in an exchange filing.
A dividend is a payment made by a company to its shareholders, usually in the form of cash or additional shares of stock, as a reward for investing in the company. It is typically distributed periodically from the company's profits.
The record date is the last date on which shareholders are eligible to receive a dividend or distribution. It's established by the company's board.
"If the Dividend, as recommended by the Board of Directors, is approved at the AGM, payment of such dividend will be made on or from Monday, July 22, 2024," said the company.
The payment date for a stock's dividend is the day on which the actual checks go out—or electronic payments are made—to eligible shareholders.
Its shares, according to BSE Analytics, have declined 5.90 per cent in the past one week, and 4.22 per cent in the past three months. Over six months, 1 year, and three years, the stock has delivered returns of 13.76 per cent, 47.23 per cent, and 96.26 per cent.
Looking back further, in the past five and 10 years, the stock yielded returns of 146 per cent and 750 per cent respectively.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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2024-05-06T11:41:11Z dg43tfdfdgfd