4.49% dividend yield, 78% returns in 1 year: THIS PSU stock under Rs 225 to announce cash rewards in Q4 2024 Quarterly Results

4.49% dividend yield, over 70% return in 1 year: this psu stock under rs 225 to announce cash rewards in q4 2024 quarterly results

PSU Stock, Dividend Stock 2024, Quarterly Results 2024: Offering an attractive combination of high dividend yield and strong returns, state-government owned fertilizer plant Gujarat State Fertilizers & Chemicals Ltd (GSFC) is poised to announce cash rewards for its shareholders in its fourth quarter earnings report for FY24.

GSFC (Gujarat State Fertilizers & Chemicals Ltd) Q4 Results 2024 Date and Time

Gujarat State Fertilizers & Chemicals Ltd (GSFC), in a regulatory filing earlier on April 19, 2024, informed that the meeting of the Board of Directors of the Company is scheduled on May 21, 2024 to consider and approve intimation of Board meeting for consideration of Audited Financial Results for the quarter and year ended 31st March, 2024.

“This is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 21st of May, 2024 to consider and approve the Audited Financial Results for the quarter and year ended 31st March, 2024…” the PSU said in the exchange filing.

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GSFC Dividend 2024

GSFC further said that the board meeting might consider recommendation of Dividend, if any. “…recommendation of Dividend, if any, on the Equity Shares of the Company for the Financial Year 2023-24,” it added.

GSFC Dividend History

GSFC boasts a dividend yield of 4.49%, making it an enticing option for income-seeking investors. This means that for every share an investor own would receive an annual dividend payout of 4.49% of the share’s price. The PSU has given dividend almost every year. The company gave dividend of Rs 10 in 2023, Rs 2.50 in 2022, Rs 2.20 in 2021, Rs 1.20 in 2020, respectively, as per BSE.

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GSFC Share Price

Shares of Gujarat State Fertilizers & Chemicals Ltd closed at Rs 222.65 on Friday, down 0.29 per cent from the previous close of Rs 223.30 apiece, as per BSE.

The stock opened at Rs 220.45 while it hit an intra-day high of Rs 224.05 and low of Rs 216.75. The PSU company boosts a market cap of Rs 8,872.10 crore, as of April 21, 2024. The company is a constituent of S&P BSE 500.

GSFC Share Price History

Moreover, the stock has delivered impressive returns of around 78% over the past one year, showcasing its potential for capital appreciation. It gave a return of 11.72 per cent in the last one month while it gained 7.25 per cent in the last three months, 77.55 per cent in the last one year and 151.87 per cent in the last three years, respectively.

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