Top 2 Companies Declare Upto 175% Final Dividend, Ex-date Tomorrow: See If You Own

Offering dividends can attract new investors to a company. Here top two companies have been discussed along with their previous performances, those that have declared dividends. See if you own.

Kitex Garments - Stock's performance on NSE

Kitex Garments, on May 19 declared a final dividend of 150%. It ex-date for the dividend will be tomorrow, August 19.

The current market price of Kitex Garments stood at Rs. 235.95 falling by 0.84%, till last traded today. The 52-week high level of this stock is Rs. 309, and the 52-week low level of this stock is Rs. 141.20. In the past 1 year its stock price has surged by around 51.64%, and in the past 6 months its share price has dropped by 1.15%.

Kitex Garments - Company performances

According to data available with NSE, in Q4 FY22, Kitex Garments' Total Income stood at Rs. 25,355.31 lakh, as against Rs. 24,939.93 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 6,041.54 lakh, as against Rs. 4,974.33 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 4,434.23 lakh, as against Rs. 3,678.37 lakh in the earlier quarter.

Astral Ltd - Stock performance on NSE

Astral Ltd, on May 27 declared a final dividend of 175%. It ex-date for the dividend will be tomorrow, August 19.

The current market price of Astral Ltd closed at Rs. 2,009.05 falling by 0.26%, till last traded on June 24. The 52-week high level of this stock is Rs. 2,524.95, and the 52-week low level of this stock is Rs. 1,581.55. In the past 1 year its stock price has fallen by 3.00%, but in the past 6 months its share price has gained by 10.74%.

Astral Ltd - Company performances

According to data available with NSE, in Q4 FY22, Astral Ltd's Total Income stood at Rs. 1,10,940 lakh, as against Rs. 89,980 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 1,10,940 lakh, as against Rs. 9,720 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 12,070 lakh, as against Rs. 7,300 lakh in the earlier quarter.

What is a dividend: Significance for shareholders?

The dividend is the reward that can be offered by a listed company to its shareholders. If a company makes a significant amount of profit in a quarter or a fiscal year, it can offer a dividend. However, apart from dividends, a company can also bonus shares if it does not want to give the cash payment to the shareholders. But, a company doesn't need to offer dividends after making profits. A company generally announces dividends to attract new investors to buy its shares. So that its liquidity improves.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.

(Data Till August 18, 2022)