ACC DIVIDEND DECLARED! COMPANY REPORTS HIGHEST PAT - CHECK RECORD DATE, PAYOUT DATE
ACC Dividend 2024: ACC has given solid returns in the past one year. The cement company has announced that it will pay a 75 per cent dividend to its shareholders.
A dividend is a reward that a company pays to its investors for their investment in the business. It is paid in cash from earnings. A dividend is always calculated and paid on the face value of each stock. The current face value of ACC shares is Rs 10. Accordingly, the 75 per cent dividend translates into Rs 7.5 per share. The company’s stock closed in the green around Rs 2,578.90 per share, up by 0.82 per cent today, on April 25. ACC has also claimed in a regulatory filing that it has delivered its lifetime highest annualized PAT.
“...The Board has recommended Dividend of Rs.7.50 (Rupees Seven and Fifty Paise only) per Equity Share of face value of Rs.10 each fully paid-up for the Financial Year 2023-24, subject to approval of shareholders of the Company,” the company said via a regulatory filing.
ACC Dividend Record Date, Payment Date
ACC has set June 14 as the record date for determining the eligibility of shareholders participation in the next dividend or upcoming corporate action. The company has also said that the dividend will be paid on or before July 1.“...Pursuant to the Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Company has fixed Friday, 14th June 2024 as ‘Record Date’ for the purpose of determining entitlement of the members of the Company to receive Dividend of Rs.7.50 (Rupees Seven and Fifty Paise only) per Equity Share having face value of Rs.10/- each fully paid-up for the financial year 2023-24. The said Dividend, if declared by the shareholders at the ensuing AGM, shall be paid on or after 1st July 2024, subject to deduction of tax at source as applicable,” the company said via a regulatory filing.
ACC Q4 Results
- The company has declared a consolidated revenue of Rs 5,409 crore compared to Rs 4,914 crore Quarter on Quarter.
- The company has reported its highest ever Profit After Tax at Rs 945 crore, the company’s PAT was Rs 538 crore in the previous Quarter.
- The company’s consolidated EBITDA stood at Rs 837 crore reducing from Rs 905 crore Quarter on Quarter.
- The company reported consolidated margins at 15.5 per cent reducing from 18.4 per cent Quarter on Quarter.
ACC Share Price History
According to BSE analytics, as on April 25, ACC shares have climbed 14.88 per cent on a YTD basis and have gained 5.60 per cent in one month. The stock has paced 36.38 per cent in six months. The stock has given solid returns of 48.60 per cent in one year. ACC’ shares have a 52-week range of Rs 2,759.95 - Rs 1,704.20 on BSE. The company has a market cap of Rs 48,422.82 crore as on April 25, as per BSE website.ACC Dividend History
The company has paid a dividend consistently for the past five years. In 2023 the company paid a dividend of Rs 9.25 per share in July. In 2022, the company paid a dividend of Rs 58 per share in April. In 2021, the company paid a dividend of Rs 14 per share in March. In 2020, the company paid a dividend of Rs 14 per share in May and of Rs 14 per share in March, 2019.(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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2024-04-25T10:57:44Z dg43tfdfdgfd