275% Dividend Declared: Jefferies has a BUY rating on THIS FMCG stock
275 percent dividend declared: jefferies has a buy rating on this fmcg stock dabur india limited
Dabur Share Price News: Stocks of Dabur India Limited are in focus on May 3 after the FMCG stock announced a whopping 275 per cent dividend for the financial year 24. “Pursuant to Regulations 30 and 43 of the Listing Regulations, the Board of Directors of the Company have recommended Final Dividend of Rs. 2.75 per equity share having face value of Re. I/- each (i.e. 275%) for the financial year 2023-24,” the company said in a statement.
Stocks of Dabur India Limited climbed by more than 2 per cent at the time of opening at Rs 536.25 vs the previous closure of Rs 525.30 on NSE. Around 10:06 am, shares of the NIFTY FMCG stock traded at Rs 526.20 apiece, up by Re 0.90 points or 0.17 per cent. The scrip registered a high of Rs 538 and low of Rs 525 so far. More than 24.52 lakh equity shares changed hands at the same time.
Dabur Share Price Target 2024
Jefferies has maintained a Buy rating with a target price of Rs 660. “Broadly Inline Q4 – Reasonable Valuations. Management is hopeful of a high single-digit to double-digit revenue growth in FY25. Notwithstanding concerns on strategy and growth, valuation look supportive,” the brokerage said.
Dabur Share Price History
Dabur India Limited is a constituent of the S&P BSE 100. According to BSE analytics (as of May 3), shares of the Dabur Limited rose by 4.31 per cent and 5.27 per cent in the last 1 week and 2 weeks, respectively. However, the shares have fallen in the last 1 month and 3 months, respectively. On a YTD basis, shares of the personal care company fell by 4.79 per cent. In the past 1 year, 2 years and 3 years, the shares down by 1.29 per cent, 4.69 per cent, and 2.05 per cent, respectively. Meanwhile, in the last 5 years and 10 years, the company’s shares jumped by 39.27 per cent and 194.97 per cent, respectively.
Dabur Dividend History
Last year, Dabur India Limited paid a dividend on two occasions – Rs 2.7 and Rs 2.75 with an ex-date on July 21 and November 10, respectively. In 2022, the company announced dividends of Rs 2.7 and Rs 2.5 with an ex-date on July 21 and November 3, respectively. In 2021, the company declared dividend of Rs 2.5 with an ex-date on November 11.
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