ULTRATECH CEMENT DIVIDEND IN Q4 2024 RESULTS: 700% CASH REWARD - CHECK RECORD DATE

Ultratech Cement Dividend in Q4 2024 Results: Ultratech Cement, an Aditya Birla group company, announced its quarterly results for the fourth quarter of FY23-24 on Friday, April 29, 2024. The firm recorded a 36% year-on-year (YoY) increase in overall net profit to Rs 2,258 crore for the quarter ended March 2024. It was Rs 1,666 crore last year. The profit number above the ET Now poll prediction of Rs 2,048 crore.

Revenue from operations increased 9% YoY to Rs 20,419 crore in the reporting fourth quarter.

The company's Board of Directors additionally recommended a dividend of Rs 70 per share, or 700% of the face value, for fiscal year 2023-2024. A dividend is a type of reward that a corporation delivers to its shareholders. When a company makes a profit, it may opt to share part of it with its shareholders. This distribution of profits is known as a dividend. It is frequently handed out on a regular basis, such as quarterly or annually. Dividends are paid out dependent on how many shares a shareholder owns in the firm. Dividends are essentially a little gift for owning a portion of the company.

Ultratech Cement Dividend 2024

Ultratech Cement, in an exchange filing, that the company's Board of Directors declared a Dividend of dividend of 700% at the rate of Rs. 70/- per equity share of face value Rs. 10/- each for the year ended 31st March, 2024.

Ultratech Cement ex- record date

The company has not fixed any record date as of now for the dividend distribution.

Ultratech Cement Share Price History

Ultratech Cement Limited is part of the S&P BSE Sensex. According to BSE statistics, the stock has down 5.02 percent year-to-date. In three months, the stock's returns have decreased by 3.30 percent. In the previous six months, the company's stock has increased by 21.08 percent. In a year, the corporation returned 31.53 percent. In two years, the company's stock has increased by 49.90 percent. The company's stock has a 52-week range of Rs 10,522.65 - Rs 7,436.75 on the BSE. As of April 29, the company's market capitalization was Rs 2,88,589.06 crore, according to the BSE website.

Ultratech Cement Dividend History

The company has consistently paid out dividends, for the past five years. In July 2023, the corporation paid out a dividend of Rs 38 per share. In 2022, the firm distributed a dividend of Rs 38 per share. In August 2021, the firm distributed a dividend of Rs 37 per share. In 2020, the business issued a dividend of Rs 13 per share in July. In July 2019, the firm paid out a dividend of Rs 11.5 per share.

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(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.)

2024-04-29T10:58:42Z dg43tfdfdgfd