This Multibagger Stock Recommends 150% Dividend For Shareholders, See If You Own

Radico Khaitan Limited recently announced a 150% dividend yield for shareholders. The dividend on Equity Shares will be paid on Thursday, September 22, 2022.

The company in a regulatory filing mentioned that the company "Recommended a Dividend of 150%, that is Rs. 3 per equity shares of Rs. 2 each for the financial year ended March 31, 2022, subject to the approval of the Shareholders in their ensuing Annual General Meeting. The dividend, if approved by the shareholders at the ensuing Annual General Meeting of the Company, will be paid within 30 days from declaration at the Annual General Meeting."

Radico Khaitan Limited

The current market price of the company closed at Rs. 1,114 fell by 1.87%, till last traded. In the last 1 month its share price gained by 16.89%, in the last 6 months its share price gained by 24.40%, in the last 1 year its share price gained by 24.46%, and in the last 5 years it has surged by 563.12%, making it a multibagger stock.

The 52-week high level of this stock is Rs. 1,294, and the 52-week low level of this stock is Rs. 723.20. This mid-cap company has a market capitalization of Rs. 14,863 crore.

Company note to exchanges

The company also stated to the exchanges, "Please be advised that the Dividend on Equity Shares, if declared at the ensuing AGM, will be paid/dispatched: to the Members holding shares in electronic form as at the close of business hours on Thursday, September 22, 2022 on the basis of the details of beneficial ownership furnished by the Depositories; and to the Members holding shares in physical form to those Members whose names appear in the Register of Members of the Company as at the close of business hours on Thursday, September 22, 2022 after giving effect to the valid requests received for transmission/transposition of shares on or before the said date. The dividend would be paid on or before Friday, October 28, 2022, subject to the approval of the shareholders at the ensuing AGM."

What is a dividend?

A dividend is known as a reward, which can be offered by a listed company to its shareholders. After making a significant amount of profit in a quarter or a fiscal year, a company can offer a dividend to attract more investors to the stock. Eventually, its liquidity improves. However, a company doesn't need to offer dividends after making profits.

Disclaimer

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