Pidilite Industries – the maker of the popular adhesive brand Fevicol has announced a dividend of 1,100% for the fourth quarter of the fiscal year 2022-23. Pidilite Industries Dividend making share holders crazy, here is the complete information about it. The dividend amounts to Rs 22 per share and it will be paid to the shareholders of the company on or after May 22nd, 2023.
Pidilite Industries 1,100% Dividend Announcement, Know Financial Results
The announcement of the dividend came after Pidilite Industries reported a strong financial performance in the fourth quarter of FY23. The company’s net profit rose by 24.9% to Rs 350.7 crore compared to Rs 280.2 crore in the same period of the previous year. The revenue for the quarter increased by 25.5% to Rs 2,217.5 crore compared to Rs 1,766.1 crore in the same quarter last year.
The company’s board of directors has recommended the dividend payout taking into account the strong financial performance and the company’s aim to reward shareholders. The dividend payout will benefit the shareholders of the company including retail investors, institutional investors and promoters.
Pidilite Industries is a leading manufacturer of adhesives, sealants, construction chemicals and art materials. The company has a strong presence in India and a growing global footprint. The company’s flagship brand Fevicol is a household name in India – known for its strong bonding capabilities.
The announcement of the dividend payout is a positive development for the company’s shareholders, indicating that the company is performing well and has a strong financial position. The dividend payout also demonstrates the company’s commitment to rewarding its shareholders and creating long-term value.
In conclusion, Pidilite Industries has announced a dividend payout of 1,100% for the fourth quarter of FY23 reflecting the company’s strong financial performance and commitment to rewarding its shareholders. The dividend payout is a positive development for the company’s shareholders, and it indicates that the company is well-positioned for long-term growth and value creation. For more latest business news stay tuned with us.