Dividend Stock: In the Indian stock market, all the companies are releasing their financial results and are also giving dividend according to their capacity. In this series, a legendary FMCG company of the country has announced a thick dividend for its investors. Yes, this company is going to give a dividend of Rs 110 on each stock to its shareholders. American Consumer Goods Company Proctor & Gamble (P&G) Indian Unit Proctor & Gambal Hygiene and Health Care Limited will give a dividend of Rs 110 to its investors on every stock.
Company fixed record date
The company had stated in an exchange filing on February 11 that the Board of Directors have announced an interim dividend of Rs 110 on each stock with a face value of Rs 10. P&G also announced a record date and payment date for this dividend. The company has fixed a record date on 20 February for payment of dividend. On February 20, the company shares will trade X-Dividend. Keep in mind that the benefit of dividend will not be available on new shares to be purchased on 20 February. To take advantage of dividend, shares have to be purchased before 20 February.
Company shares reached close to 52 weeks
Proctor and Gambal Hygiene and Health Care Limited said in the exchange filing that the money of the dividend will be transferred to the bank account of investors on or before. Let us tell you that on Monday, the company’s shares were down by Rs 83.30 (0.60%) on BSE at a price of Rs 13,772.25. The company’s shares have fallen significantly in the past. The 52 week high of the company’s shares is Rs 17,747.85 and 52 week is Rs 13,660.00. The company’s current market cap is Rs 44,705.74 crore.
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