Largecap Cement & Sugar Stock Offering 200% Dividend, Fixes Record Date Next Week

The Dalmia Bharat group enjoys leadership in core sectors such as Cement, Refractories and Sugar. On Wednesday, after the company's board meeting, an interim dividend at the rate of Rs. 4/- (200%) per equity share has been declared for investors. The share price of Dalmia Bharat closed at Rs. 1,592.55, on NSE today, on November 2. The Record Date for the dividend has been fixed by the board to be on Friday, November 11, 2022.

The company informed the stock exchanges that Dalmia Bharat has "Declared interim dividend at the rate of Rs. 4/- (200%) per equity share on 18,74,68,673 equity share of Rs. 2/- each for the financial year 2022-23. Confirmed/ratified the Record Date (Friday, November 11, 2022) for determining entitlement of shareholders for payment of interim dividend for Financial Year 2022-23 pursuant to Regulation 42 of the Listing Regulations." A dividend is known as a cash reward, that is offered by a company to its shareholders.

Stock performance

In the last 1 month its share price gained by 2.50%, the past 6 months its share price gained by 10.25%. However, in the last 1 year its share price has fallen by 20.89%, while in the past 5 years its share price gained by 59.97%. The 52-week high level of this stock is Rs. 2,199, and the 52-week low level of this stock is Rs. 1,212.50. This large-cap company has a market capitalization of Rs. 29,903 crore.

The company's cement business, through sustainability initiatives, has achieved the lowest carbon footprint in the cement sector globally and is amongst the most efficient cement companies in the world. Being one of the leading sugar producers in the country, the sugar business is geographically well diversified and committed to 'Green Growth' which empowers the group to enhance value for all its customers. Traditionally present in southern, eastern, northern and north-eastern India, the group, through its refractories business, has expanded its footprints globally by making various acquisitions in Germany and other European countries.

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