Dividend Stocks: Shriram Finance Ltd announces record date for dividend payment!
Shriram Finance Ltd, a leading financial company, has once again declared a dividend for its shareholders. This is important news for investors who have invested in dividend-paying stocks. The company will be paying a dividend of Rs. 10 per share. A record date has been announced for this profit distribution, and it is just around the corner.
So, when is the record date for Shriram Finance Ltd?
According to a regulatory filing to stock exchanges, Shriram Finance has stated that a dividend of Rs. 10 will be paid on shares with a face value of Rs. 10 on January 23, 2024. This means eligible investors will receive a 100% return on each share. The record date for this dividend is Tuesday, February 6, as stated by the company. Only those investors whose names are listed in the company’s record book on this day will be eligible to receive the dividend.
On Monday (January 29, 2024), the shares were trading at Rs. 2,412, experiencing a 4.57% increase. The company had previously given dividends three times in 2023. Last year, eligible investors received a dividend of Rs. 55 per share. Similarly, in 2022, Shriram Finance had distributed dividends to its investors.
In terms of market performance, on Thursday, the company’s shares were trading at Rs. 2,306.15 on the BSE. In the last month, the share price of Shriram Finance has increased by more than 13%. In the past six months, the stock has provided a return of 27%. The share price, which distributes profits, has increased by 86%.
The 52-week high for Shriram Finance is Rs. 2,352.95 per share, while the 52-week low is Rs. 1,190 per share. The market capitalization of the company stands at Rs. 86,631.06 crore.
This dividend announcement by Shriram Finance Ltd is certainly good news for investors who have invested in dividend stocks. It is important to stay updated with such announcements to make informed investment decisions. So, mark your calendars for the record date and keep an eye on the market performance of Shriram Finance Ltd!
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