Large Cap Real Estate Stock Finalises Record Date For Dividend Payment

Large cap stock operating in the Real Estate sector, Oberoi Realty finalised June 21, 2023 as the record date for the purpose of payment of dividend on equity shares for financial year 2022-23. Earlier, The board of directors of the company have recommended dividend of Rs 4 per share. Current market price of Oberoi Realty share is Rs 983.20 apiece with intraday fall of 0.19%. Check details below:

Oberoi Realty Sets Record Date For Dividend: According to the regulatory filing of the company, "Further, kindly take note that June 21, 2023 shall be the record date for the purpose of payment of dividend on equity shares for FY2022-23. Accordingly, the said dividend, as recommended by the Board, if declared and approved at the above Annual General Meeting, will be paid to those members whose names appear on the Register of Members at the end of day on June 21, 2023."

The Directors recommend a dividend for the year ended March 31, 2023 at the rate of Rs 4 per equity share, i.e. 40% on the equity share of the Company of face value of Rs 10 each, fully paid up (previous year: Rs 3 (30%)).

Oberoi Realty Stock Performance & Return: Last trading price of Oberoi Realty share is Rs 983.20 apiece on BSE. The stock's 52-week high price is Rs 1088.40 apiece and 52-week low price is Rs 726.25 apiece, respectively. Its market capitalisation is Rs 35,749.37 crore. Oberoi Realty stock delivered 7% return in last 1-month, 13% return YTD, 28% return in last 1-year, 51% gain in last 2-years, and 164% return in last 3-years period.

Oberoi Realty About: Oberoi Realty is India's leading real estate development company, headquartered in Mumbai. A listed entity, it is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals; it is an established brand with an impeccable track record. Oberoi Realty's forte lies in developing innovative projects through its emphasis on contemporary architecture, strong project execution and quality construction, according to its official website.