2:1 Bonus Share, Rs 56/Sh Dividend: Multibagger FMCG Co Set To Recommend Bonus Issue In 2-Days

FMCG sector Godfrey Phillips Ltd shares today slipped nearly 1.4% on BSE. Godfrey Phillips shares price on BSE today is Rs 7637.55 per share. The company is likely to recommended 2:1 bonus shares on September 20, 2024, as per its BSE filing dated September 6, 2024. It implies shareholders will be eligible to receive 2 bonus shares for every 1 share held as on the record date. Godfrey Phillips shares gained 265% so far this year.

The company's market capitalisation stood at Rs 39,775.35 crore. Godfrey Phillips also recommended Rs 56/share dividend and ex-bonus date was fixed as August 23, 2024. HSBC midcap fund has 1.33% stake in Godfrey Phillips with 691,750 shares of the company. Check key details below:

Godfrey Phillips To Recommend Bonus Share Soon: According to the BSE filing of Godfrey Phillips issued as on September 6, 2024, "we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 20th September 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 2:1 i.e. 2 (Two) new fully paid-up Equity Shares of Rs. 2/- each for every 1 (One) existing fully paid-up Equity Share of Rs. 2/- each, to the Equity Shareholders of the Company by capitalization of reserves."

Shareholding: FII/FPI have increased holdings from 10.76% to 10.83% in June 2024 quarter. Number of FII/FPI investors increased from 157 to 160 in June 2024 quarter. Mutual Funds have increased holdings from 1.37% to 1.74% in June 2024 quarter. Number of MF schemes increased from 13 to 15 in June 2024 quarter. Institutional Investors have increased holdings from 12.33% to 12.78% in June 2024 quarter, according to Trendlyne.

Godfrey Phillips Shares Performance: The 52-week high price of Godfrey Phillips share on BSE is Rs 8480.90 per share (as on 16/09/2024) and 52-week low price is Rs 1994.90 per share (as on 26/10/2023), respectively. Godfrey Phillips shares gained 143% in last 6-months, rallied 271% in last 1-year, and offered return of 592% in last 2-years.

Godfrey Phillips Dividend In 2024: As per the BSE filing of Godfrey dated May 30, 2024, "Final Dividend of 2800% i.e. Rs. 56/- per equity Share of Rs. 2/- each for the financial year ended 31st March 2024, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company ("AGM"). The dividend declared in the AGM will be paid within 30 days from the date of declaration. The date of payment of dividend shall be intimated in due course of time."

Godfrey Phillips Dividend History: The FMCG company declared 25 dividends since April 28, 2000. In last 1-year, Godfrey Phillips announced an equity dividend amounting to Rs 56.00 per share. At the current share price of Rs 7637.55 per share, Godfrey Phillips India offers a dividend yield of 0.73%.

About: Godfrey Phillips India is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. Godfrey Phillips India has expanded its product portfolio beyond cigarettes and tobacco and entered India's highly competitive confectionery segment and retail, according to its official website.

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