Large Cap FMCG Co Sets Record Date For 270% Dividend, Shares Dip 2.66% In 6-Months

Large cap stock operating in FMCG sector, Dabur India Ltd on June 22, 2023 declared July 21, 2023 as the record date for dividend. The dividend will be paid on or after August 1, 2023. Dabur India share price is Rs 561.90 as of June 22, 2023 and witnessed a decline of 0.89% intraday. Dabur India stock rallied 8% in last 1-month. Currently, Dabur India shares have declined 8% from its 52-week high price of Rs 610.40 per share. Check details below:

Dabur India Ltd Declares Record Date For Dividend: According to the BSE filing of the company, "As informed vide our letter dated May 4, 2023, the Board of Directors of the Company in its meeting held on May 4, 2023, had recommended Final Dividend of Rs.2.70 per share (270%) for the Financial Year 2022-23. Pursuant to provisions of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Book Closure from Monday, July 24, 2023 to Friday, July 28, 2023 (both days inclusive). The cutoff date is July 21, 2023 for ascertainment of shareholders entitled to receive the dividend, if approved by the shareholders at the ensuing AGM."

Dabur India Stock Performance & Return: Last trading price of Dabur India stock is Rs 562.10 per share on BSE. Its 52-week high price is Rs 610.40 per share and 52-week low price is Rs 492.10 per share. It has a market capitalisation of Rs 99,606.07 crore. Dabur India shares delivered 13% return in last 1-year, fell a little less than 1%, again gave return of 27% in last 3-years, and 46% return in last 5-years.

Dabur India Financial Outlook: The company for the quarter ended March 31, 2023 announced its consolidated total income at Rs 2798.52 crore, down 10.99% from previous quarter total income of Rs 3144.01 crore. It declared its net profit after tax at Rs 292.95 crore in latest quarter.

Dabur India About: Dabur India Limited is a leading Indian consumer goods company with interests in Hair Care, Oral Care, Health Care, Skin Care, Home Care and Food & Beverages. Dabur India is also a world leader in Ayurveda with a portfolio of over 250 Herbal/Ayurvedic products. Dabur's FMCG portfolio today includes nine distinct Power Brands: Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur Pudin hara and Dabur Lal Tail in the Healthcare space; Dabur Amla, Vatika and Dabur Red Paste in the Personal Care category; and Real in the Food & Beverages category, according to its official website.

Disclaimer: The large cap FMCG stock declared record date for dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.