Dividend stocks: The stock market has seen a decline since the country’s budget is presented for the financial year 2025-26. While the Indian stock market was almost closed on Saturday, the market saw a big decline on Monday. Meanwhile, companies are declaring financial results on their fixed dates. With the announcement of financial results, companies are also announcing bumper dividend for their investors. In this series, veteran cement company Mr. Cement has also announced a thick dividend for its shareholders.
A dividend of 50 rupees will be available on one share
Shri Cement Limited said in an exchange filing of January 30 that the company’s board has announced dividend for shareholders. According to the company, a dividend of Rs 50 will be given on each stock with a face value of Rs 10 for FY 2024-25. The record date has been fixed on 5 February for this interim dividend given by the company. On Wednesday, February 5, the company shares will trade X-Dividend. Mr. Cement has also announced the date of payment of dividend. The company stated in the exchange filing that the shareholders will be paid dividends from Monday, 17 February.
The price of Shri Cement shares is close to 52 weeks high
Let us tell you that on Monday, Mr. Cement shares were locked in green mark with an increase. The company’s shares on BSE closed at Rs 27,520.50 with a gain of Rs 175.35 (0.64%). The company’s shares closed at Rs 27,345.15 on Saturday. After which on Monday, they were opened at Rs 26,852.10 with a decline. During the trading on Monday, the company’s shares saw a lot of ups and downs and it reached the Intrade of Rs 26,846.80 from Intrade High of Rs 27,677.25. The 52 week high of Shri Cement shares is Rs 28,950.00.
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