This Cement Stock Goes Ex-Dividend For Final Dividend Next Week: Check Details

At the close of the fiscal year, companies sitting on profits announce final dividend. This dividend is recommended by the board of the company and is approved by the company's shareholders in its AGM or Annual General Meeting.

Likewise, here is a stock from the cement space-ACC that is a mid cap stock which has announced a final dividend to the tune of 580% or Rs. 58. on February 9, 2022.

Ex-date and other relevant details on the above dividend

Ex-date or the date when the company's stock price shall adjust for the dividend announced is on April 4 and the record date is April 5, 2022.

Record date for the pay-out of the dividend is the date when the company determines for the shareholders' eligibility for the said dividend and it is basis the fact that the shareholders' need to be holding the scrip in their demat account as on the record date.

Further, considering the ex-date that falls on April 4 for the said dividend, cum dividend date i.e. the last date to buy the shares in order to be eligible for the dividend pay out is today.

AGM at the company

April 14 is the cut off date for determining the eligibility of the Members entitled to cast their vote by
electronic means and attend the AGM scheduled to be held on Thursday, April 21, 2022
through VC/OAVM Facility.

ACC Past dividend history

In the previous Fy, the company announced a final dividend of Rs. 14 and before that interim dividend of Rs; 17. The company offers consistent dividend and considering the dividend yield over 2% at 2.7%, it is a good dividend paying stock.

Disclaimer

This information is just given taking into consideration the dividend aspect only, so in a case if you intend to add the stock to your kitty, you can engage in the complete analysis.