Chemicals Stock Declares 3.60/Share Dividend, Trading 2.89% Away From 52-Week Low Price

Chemical conglomerate SRF Ltd on Monday declared its first interim dividend of 3.60 per share for the financial year 2023-24. The company fixed August 1, 2023 as the record date for dividend and date of payment of interim dividend is August 22, 2023. SRF shares witnessed decline of 3.15% intraday. The large cap stock is currently trading 2.89% away from its 52-week low price of Rs 2082.15 per share. Check details below:

SRF Ltd Declares First Interim Dividend: As per the BSE filing of the company dated July 24, 2023, "We wish to inform you that the Board of Directors at its meeting held on 24 th July, 2023 has declared interim dividend @ 36% i.e. Rs. 3.60 per share on the paid-up equity share capital of the Company. The Interim Dividend would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Tuesday, the 01st August 2023 which has already been communicated to Exchanges by letter dated 17th July, 2023."

The date of payment of interim dividend will be Tuesday, 22nd August, 2023.

SRF Ltd Stock Performance & Return: Last trading price of SRF share is Rs 2144.20 per share on BSE. Its 52-week high price is Rs 2864.35 per share and 52-week low price is Rs 2082.15 per share, respectively. The company has a market capitalisation of Rs 63,559.41 crore. SRF shares witnessed decline of 14% in last 3-months, gave 0.75% return in last 6-months, fell 6% in last 1-year, offered 35% return in last 2-years, and jumped 182% in last 3-years. SRF stock rallied 553% in last 5-years and offered return of 7,632% in last 10-years.

SRF Ltd Q1 Results: The leading chemical maker declared 41% fall in its net profit in the June quarter at Rs 359.3 crore as against Rs 608 crore announced in the year-ago period. The company's topline also witnessed a decline of 14.3% year-on-year to Rs 3,338.38 crore for the April-June quarter as against Rs 3894.72 crore declared in corresponding quarter of last fiscal. Weak demand for refrigerant gas in domestic and export markets, decline in realisations, and unfavourable base weighed on quarterly results of the company.

SRF Dividend Yield: SRF Ltd declared 41 dividends since August 2, 2001. If the current share price of SRF Ltd, Rs 2144.20 is taken into consideration, it offers a dividend yield of 0.34%.

SRF About: Its vast range of products and solutions are sold worldwide. These products are used in varied applications and segments: from tyres to air conditioners, mines to cricket grounds, automotive to household appliances, food packaging to raw materials for pharmaceuticals, according to its official website.

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