NIFTY50 stock to pay Rs 70 DIVIDEND per share - Details
nifty50 stock ultratech cement to pay rs 70 dividend per share – details
UltraTech Cement Dividend Stock 2024: Stocks of UltraTech Cement will remain focused next week after the Aditya Birla Group company announced a whopping 700 per cent dividend for the financial year ended March 31, 2024. A dividend is a company’s reward to its investors for their investment in the business. It is usually paid in cash from earnings.
UltraTech Cement NSE Share Price
Stocks of UltraTech Cement closed at red and fell by nearly 2 per cent on Friday. The NIFTY50 stock closed at Rs 9811 apiece, down by Rs 172.45 points or 1.73 per cent. The scrip recorded a high of Rs 10030 and a low of Rs 9779.35. More than 5.17 lakh equity shares changed hands during the trading hours on May 3.
UltraTech Cement Dividend 2024 Amount
A dividend is always calculated and paid on the face value of each stock. Accordingly, a 700 per cent dividend payment translates into Rs 70 per equity share with a face value of Rs 10 each for the FY24.
“Recommended a dividend of 700% at the rate of Rs. 70/- per equity share of Rs. 10/- each for the year ended 31st March 2024, subject to the approval of shareholders at the ensuing Annual General Meeting (“AGM”) of the Company,” it said in an exchange filing.
UltraTech Cement Dividend 2024 Ex-date and Record date
UltraTech Cement Limited has not yet announced the details of the Ex-date and Record date.
UltraTech Cement Share Price History
UltraTech Cement is a constituent of the S&P BSE SENSEX. According to BSE analytics (as of May 4), shares of UltraTech Cement gained by 1.20 per cent and 4.80 per cent in the last 1 week and 2 weeks, respectively. However, the shares have fallen in the last 1 month, 3 months and on a YTD basis by 1.83 per cent, 2.76 per cent, and 6.16 per cent, respectively. In the past 1 year, 2 years, and 3 years, shares climbed by 30.87 per cent, 47.01 per cent, and 54.64 per cent, respectively. In the last 5 years and 10 years, shares of the cement company jumped by 114.65 per cent and 380.87 per cent, respectively.
UltraTech Cement Dividend History
Last year, UltraTech cement paid a dividend of Rs 38 in July. The company also paid a dividend of Rs 38 in August, 2022. In 2019, 2020, and 2021, the cement company announced a dividend of Rs 11.5, Rs 13, and Rs 37 with an ex-date on July 10, July 29, and August 2, respectively.
UltraTech Cement Dividend Yield
At the current market price, the dividend yield of UltraTech Cement is 0.39 per cent.
RISE with India – FOLLOW ET NOW WhatsApp channel!
https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K
ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!