Page Industries has announced the second interim dividend for the current financial year. This time the company will give a dividend of Rs 250 on each share. Earlier, the company had given a dividend of Rs 300 per share.
Good news for investors who keep an eye on dividend-paying companies. Page Industries has decided to give dividend along with quarterly results. The company is giving a dividend of Rs 250 per share. Earlier, the company had declared the first interim dividend in the June quarter. Then the eligible investors got a dividend of Rs 300 per share from the company.
Record date before November 20
Page Industries, which does business in India under the name of Jockey International brand, announced quarterly results and dividend on Thursday. The company has said in the information given to the exchange on November 7 that a dividend of Rs 250 will be given on one share. To determine the eligibility of investors, the date of November 16, 2024 has been declared as the record date. The company has informed that the dividend will be paid to eligible investors on or before December 6. Let us tell you, the company is going to give dividend for the second time in the current financial year.
How have been the quarterly results of the company?
Page Industries has reported that the net profit has increased by 30.50 percent year-on-year. The net profit of the company has been Rs 195.50 crore in the second quarter. Talking about the revenue of the company, it has been Rs 1246 crore in the second quarter. On an annual basis, there has been an increase of 11 percent in the revenue of the company.
What is the situation in the stock market?
On Thursday, the company's shares closed at Rs 44811.65 with a gain of 1.47 percent in the BSE. Page Industries share prices have risen by more than 30 per cent in the last 6 months. However, even after this, investors who have held the stock for 2 years are still facing a loss of 10 per cent. Whereas during the same period, the Sensex has risen by 30 per cent.
(This is not an investment advice. The stock market is subject to risks. Consult experts before making any investment.)
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