Dividend Stocks: Recovery has begun in the Indian stock market. Meanwhile, many publicly traded companies are handing out dividends to their shareholders. In this series, the leading tobacco company will give its shareholders a whopping dividend of 1,750 percent. Godfrey Phillips India had said in a stock exchange filing on November 19 that the company’s board of directors had declared a dividend of Rs 35 per share of face value of Rs 2 to shareholders. The company informed the stock exchanges that it is an interim dividend that will be delivered for the 2024-25 financial year.
The company set the record date for the dividend
Godfrey Phillips said the record date for this dividend to be delivered to investors was set for Friday, November 29. Godfrey Phillips shares will trade ex-dividend on November 29. Investors will not benefit from the dividend on shares purchased on November 29. However, investors will receive a dividend of Rs 35 per share on shares purchased until November 28. The dividend will be paid to eligible shareholders by December 26.
The company’s shares closed with good gains on Wednesday
On Wednesday, the company’s shares closed at Rs 5,821.05 with a gain of Rs 55.35 (0.96%). Let us tell you that the company’s stock is trading well below its 52-week high. Godfrey Phillips stock has a 52-week high of Rs 8,480.00 and a 52-week low of Rs 2,004.95. This shows that the company’s stock has seen huge fluctuations in a year.
Indian stock market closed in green today
We tell you that today BSE Sensex closed at 80,234.08 points with an increase of 230.02 points. Nifty 50 also closed at 24,274.90 points with a gain of 80.40 points. During today’s trade, Sensex hit an intraday high of 80,511.15 points, while Nifty also hit an intraday high of 24,354.55 points. We tell you that today the stock market began to trade in green with a slight rise.
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