Dividend Stock: Largecap Manufacturing Stock Declares High Dividend, Fixes Record Date On Nov 22

Balkrishna Industries Ltd. announces an interim dividend of Rs. 2, today, after its board meeting. 22nd November has been fixed as the record date of the dividend. The company's revenue from operations in Q2 FY23 stood at Rs. 270429 lakh, which increased from Rs. 264628 lakh in the last quarter. Additionally, its total income in Q2 FY23 gained to Rs. 293025 lakh, from Rs. 274860 lakh in the earlier quarter, the company declared on November 14.

Balkrishna Industries informed the stock exchanges, "The Board has declared an Rs. 2 Interim dividend of Rs. 4.00 per Equity Share (200%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2022-23. And the payment thereof shall be credited/dispatched within 30 days from the date of declaration as per applicable provisions of Companies Act, 2013, to such shareholders as on Record Date i.e. 22nd November 2022."

In the last 1 month, the company's share price fell by 1.89%, in the past 6 months this stock's share price fell by 8.70%. However, in the last 5 years its share price increased by 80.02%. The 52-week high level of this stock is Rs. 2,537.45, and the 52-week low level of this stock is Rs. 1,690.55. The large-cap company has a market capitalization of Rs. 36,257 crore.

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