Mid Cap Stock Fixes Record Date For Dividend, Rises 26.74% From 52-Week Low

Mid cap stock, Relaxo Footwears fixed August 17, 2023 as the record date for final dividend of Rs 2.50/- per equity share of face value of Re 1 each for the financial year ended March 31, 2023. It is worth noting that Relaxo Footwears shares jumped 26.74% from its 52-week low price of Rs 748.50 apiece. Relaxo Footwears stock hit 52-week low on March 13, 2023. Check details below:

Relaxo Footwears Sets Record Date For Dividend: According to the BSE filing of Relaxo Footwears dated July 24, 2023, "pursuant to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Company has fixed Thursday, August 17, 2023 as 'Record Date' for the purpose of determining entitlement of the members of the Company to receive Dividend for the financial year 2022-23 and also decided to close the Register of Members and Share Transfer books from August 18, 2023 (Friday) to August 23, 2023 (Wednesday)."

Relaxo Footwears Dividend History: It declared 26 dividends since August 30, 2000. At the current market price of Rs 947.75 per share, it offers a dividend yield of 0.26%.

Relaxo Footwears Stock Performance & Return: Last trading price of Relaxo Footwears share is Rs 947.75 per share on BSE. Its 52-week high price is quoted at Rs 1105 that it witnessed on September 13, 2023. The company has a market capitalisation of Rs 23,593.15 crore. Relaxo Footwears shares offered return of 14% in last 3-months, surged again 14% in last 6-months, declined 5.6% in last 1-year, and fell 19.00% in last 2-years. In last 5-years, Relaxo Footwears shares rallied 132%.

Relaxo Footwears Financial Performance: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 746.09 crore, down 3.01% from preceding quarter total income of Rs 769.26 crore. It declared its recent quarter net profit after tax at Rs 56.32 crore.

Relaxo Footwears About: Incorporated in 1984, Relaxo is the largest footwear manufacturer in India, serving the nation since four decades, and is today ranked among the top 500 Most Valuable Companies. A Fortune 500 (India) company, synonymous with quality products & affordable prices,it manufactures slippers, sandals and sports & casual shoes, according to its official website.

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