Good news for people who invest in stocks that give dividends! Shri Ram Finance Ltd has just announced that they will be giving a dividend of Rs 10 for each share.
The record date for this dividend is coming up soon.
If you’re wondering when the record date is, Shri Ram Finance shared the information with the stock markets on January 23, 2024.
They mentioned that a dividend of Rs 10 will be given for each share with a face value of Rs 10.
This means that eligible investors will make a 100 percent profit on every share. The record date is set for Tuesday, February 6.
Only investors whose names are in the company’s record book on this day will benefit from the dividend.
In the previous year, 2023, the company gave dividends three times, and eligible investors received Rs 55 for one share.
In 2022, Shri Ram Finance also distributed dividends to its investors.
Now, let’s talk about how the company is doing in the stock market. As of Thursday, the company’s share price on the BSE was Rs 2306.15. In the last month, the share prices of Shri Ram Finance have increased by more than 13 percent.
Over the last 6 months, the stock has provided returns of 27 percent. The stock’s price, which will be distributing dividends, has seen an 86 percent increase.
Shri Ram Finance’s 52-week high is Rs 2352.95, and the 52-week low is Rs 1190 per share. The market cap of the company is Rs 86,631.06 crore.
