DCM SHRIRAM SHARE PRICE TODAY: MIDCAP STOCK TO PAY 130% DIVIDEND; CHECK RECORD DATE

DCM Shriram Share Price, DCM Shriram Dividend 2024 Record Date: DCM Shriram shares today fell as much as 6 per cent on the back of quarterly results (Q4FY2024). The midcap stock opened sharply lower at Rs 955 apiece versus the previous close of Rs 1,015.30 on NSE.

The stock of the agri firm made a low of Rs 984.90, down 5.94 per cent. Around 11 AM, it traded near day's low at Rs 962 apiece with more than 4 lakh equities changing hands.

DCM Shriram on Monday reported that its Q4 profit fell 37 per cent YoY to Rs 117.8 crore. The firm had reported a net profit of Rs 186.7 crore in the same quarter of the last fiscal. The revenue in the quarter dropped nearly 12 per cent to Rs 2,399.3 crore as against Rs 2,720 crore in the corresponding quarter of the preceding fiscal.

DCM Shriram Dividend 2024

DCM Shriram announced that the board of directors has recommended a final dividend of 130 per cent on each stock of Rs 2 face value. This translates into a payout of Rs 2.60 per equity.

The dividend is, however, subject to shareholders' approval at the forthcoming AGM.

"Recommended final dividend of 130% i.e. Rs.2.60 per equity share of face value of Rs 2 each for the financial year ended March 31, 2024," the company said in a regulatory filing.

DCM Shriram Dividend 2024 Record Date

DCM Shriram has also fixed the record date for determining the eligibility of shareholders' participation in the next dividend. The company has fixed July 9 as the record date.

The final dividend, if approved by the shareholders, will be credited in the bank account of eligible shareholders within 30 days from the date of declaration.

DCM Shriram is a constituent of S&P BSE 500. As per analytics on May 7, the midcap stock has delivered a positive return of 17 per cent in the last one year.

DCM Shriram shares have a 52-week range of Rs 1,175 - Rs 806.95. The company has a market cap of Rs 15,029.72 crore, as per BSE website.

RISE with India - FOLLOW ET NOW WhatsApp channel!

https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K

ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!

(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.)

2024-05-07T06:28:44Z dg43tfdfdgfd