Dividend Stock: The Indian stock market is continuously going through bad times. The decline that started in the market last year in the market is not taking its name. Meanwhile, companies are releasing their quarterly results and are also announcing dividends for investors. In this connection, Gillette India has also announced a thick dividend for its shareholders. Gillette India shared information about dividend on 10 February. The company had said that their board has also announced the dividend.
Dividend of Rs 65 will be available on each share
Gillette India had stated in an exchange filing that the board has announced a dividend of Rs 65 on a face value of Rs 10 for shareholders. This will be an interim dividend given for the financial year 2024-25. Along with this, the company has also announced a record date and payment date for payment of dividend.
Company fixed record date and payment date
Gillette India said that a record date has been fixed on 19 February for the payment of this interim dividend. On February 19, the company shares will trade X-Dividend. Keep in mind that the benefit of dividend will not be available on the new shares to be purchased on February 19. However, all the shares you have by February 18 will be paid the dividend on them. The company said that the dividend money will be sent to the bank account of eligible shareholders on or before March 7.
There was a huge decline in shares on Friday
Last week, the company’s shares had a steep decline on Friday. Gillette India shares closed at Rs 7580.95 with a major decline of Rs 371.30 (4.67%) on Friday. Let us tell you that the company’s shares have reached below their 52 weeks high and have come close to their 52 weeks. Gillette India shares have 52 weeks high 10,652.10 rupees and 52 weeks are Rs 6191.00.
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