Dividend Stock: Page Industries Ltd (NSE: PAGEIND), which sells clothes under the Jockey brand name has announced a dividend.
The company is offering an amount of 300 rupees for each share. Page Industries has also fixed the date of record for this dividend, which is the next week.
We’d like to know more about this dividend-paying stock-
The Record Date Is Before 20 August
The company announced the first dividend of the financial year 2024-25 on 8 August 2024.
In the information provided to the public by the firm, it is stated that a dividend amounting to 300 rupees will be paid for each share.
To pay this dividend the company has decided to set the date 17 August 2024 for the record date.
Because 17 August falls on a Saturday, the company will be traded as a dividend stock ex-dividend in the markets for stocks on the 16th of August.
Let us inform you, that the eligible investors will provide dividends from Page Industries on or before the 6th of September.
The Company Has Paid Dividends Twice In The Past Year
Page Industries has a long tradition of paying dividends. The first time the company paid a dividend of 6 rupees per share in 2007.
In the current fiscal year i.e. 2024 the company has declared a dividend twice. The company paid dividends ex-dividend on February 16.
The dividend was then Rs 100 was declared for one share. At the same time the share traded ex-dividend on May 31. The company then received an amount of Rs 120 per share.
What Is The Current Performance Of The Stock Market?
On Friday, shares of the company traded at 40155.30 with an increase of 1.53 percent BSE.
The highest price for the 52 weeks is 42,902.10. In the same way, the 52-week low is 33,100. The company’s market capitalization is 44,788.72 crore.
The company’s performance in the market for stocks has not been very good over the past year. In this time the company has provided an average return of 3 percent to its investors.
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