Mumbai :
FMCG sector giant Britannia (Britannia Industries Ltd) has announced a dividend. Tomorrow, the company will trade as an ex-dividend stock in the stock market.
Ex-Dividend Date Tomorrow
On July 9, Britannia informed the stock markets that a dividend of Rs 73.50 would be given on a share with a face value of Rs 1.
This means eligible investors will receive a profit of 7350 percent from the company on each share.
The record date for this dividend is August 5, 2024.
All investors whose names are in the company’s record book will benefit from the dividend.
Regular Dividends from Britannia
Britannia has a history of regularly giving dividends to its investors. The company last traded ex-dividend on 13 April 2023, when a dividend of Rs 72 per share was given.
In 2022, Britannia provided a dividend of Rs 56.50 per share.
Share Split in 2018
On 29 November 2018, Britannia shares were traded as ex-split stock, dividing the shares into two parts.
After this division, the face value of the company’s shares decreased to Rs 1.
The first time the company’s shares were divided was in 2010, splitting one share into five parts,
making the face value Rs 1 per share.
Stock Market Performance
On Friday, Britannia’s shares closed with a slight decline at Rs 5723.15 on the BSE.
Over the last year, the company’s share prices have increased by 19 percent.
Investors who have held the stock for six months have seen a profit of 11.10 percent so far.
