DCM Shriram sets date for interim dividend

12 Oct 2022 , 10:02 AM

On Tuesday, DCM Shriram set the record date for the interim dividend for FY23, assuming it is granted. The record date will be November 1, per the company’s choice.

The business declared a total equity dividend of Rs735, or Rs14.7 per share, for the fiscal year 2022. This yields a dividend of 1.41% at the current price of Rs1045.80.

According to data from Trendlyne, the company has declared 46 dividends since November 15, 2000.

The business announced in an exchange filing that the board of directors would meet on Wednesday, October 19, to discuss the unaudited financial statements for September (both standalone and consolidated), as well as the payment of any interim dividends for the fiscal year 2022—2023.

A multi-bagger stock, DCM Shriram had a 3-year return of 177%. However, nearly 14% of the last year’s return has been negative.

The company is a small-cap firm with a market-cap of Rs16,308 crore. It operates in the fertilizer, sugar, and caustic soda industries.

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