Patanjali Foods Limited has announced an interim dividend for its shareholders, declaring a dividend of ₹8 per share following its September quarter results. This payout comes as a reward for the shareholders and will be given based on the company’s record date.
Dividend Details
- Dividend Amount: ₹8 per share
- Record Date: November 4, 2024
Shareholders who hold the company’s shares by November 4 will be eligible to receive the dividend.
Understanding Dividend and Record Date
A dividend is a portion of a company’s profits distributed to its shareholders. The record date is the cut-off date that determines which shareholders are eligible for the dividend. Those who own shares by this date will receive the dividend.
Patanjali Foods’ Dividend History
Patanjali Foods, known for its edible oil business led by Baba Ramdev, has paid dividends twice in the fiscal year 2024:
- September 21, 2023: Dividend of ₹6 per share
- March 21, 2024: Dividend of ₹6 per share
With these distributions, Patanjali Foods has given a total of ₹12 per share in dividends during FY24. Since its inception on August 14, 2001, the company has paid dividends 19 times, with a current dividend yield of 0.36%.
Patanjali Foods Share Price Performance
After the recent results, Patanjali Foods’ shares closed at ₹1,639 on October 25, reflecting a 7.90% decline. While the stock has shown an increase of 4.56% year-to-date, it has gained approximately 31.09% over the past year.
Disclaimer: This information is solely about Patanjali Foods’ dividend announcement and does not constitute investment advice. Investing in equity markets carries risks; please consult a financial advisor before making any investment decisions
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