Small Cap Textile Company To Pay Rs 5.75/Share Dividend, Shares Rise 54% In 3-Months

Small cap stock from the textile sector, Arvind Ltd will soon pay final dividend of Rs 3.75 per equity share of face value of Rs 10/- each and special dividend of Rs 2/- per equity share of the face value of Rs 10/- each. The dividend will be paid on or after August 10, 2023, if approved at the AGM (annual general meeting). Last trading price of Arvind ltd share is Rs 138.15 per share. Check details below:

Arvind Ltd To Pay 5.75/Share Dividend: Earlier this year on May 18, 2023, board of directors of Arvind ltd said in the BSE filing, "recommended the following dividend for the financial year ended 31st March, 2023, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting ('AGM'):
a) Final dividend of Rs.3.75/-per equity share of the face value of Rs.10/- each;
b) b) One-time special dividend of Rs.2/- per equity share of the face value of Rs.10/- each.

Arvind Ltd in its July 7, 2023 regulatory filing said, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, July 22, 2023 to Saturday, August 5, 2023 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting to be held on August 5, 2023. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be paid on or after August 10, 2023."

Arvind Ltd Stock Performance & Return: Last trading price of Arvind Ltd share is Rs 138.15 per share with intraday fall of 1.43% on BSE as of July 7, 2023. The stock's 52-week high price is Rs 141.95 per share and 52-week low price is Rs 77.70 per share, respectively. The company has a market capitalisation of Rs 3612.59 crore. Arvind Ltd stock offered return of 53% YTD, gave 54% in last 1-year, 56% return in last 2-years, and 303% return in last 3-years.

Arvind Ltd Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1893.09 crore, down 4.97% as compared to last quarter total income of Rs 1992.11 crore. It announced its latest quarter net profit after tax at Rs 97.17 crore.

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