200% Dividend: Midcap Tyres Stock To Trade Ex-Dividend On Aug 12, Board Declares Dividend

Balkrishna Industries Ltd. in a Board meeting held today declared 1st Interim Dividend at 200% i.e. Rs 4 per equity share on the equity share of Rs 2 each for the financial year 2022-23. The stock is set to trade ex-dividend next week on Saturday, Aug 12, 2203. The Company's Board has fixed the record date for the said dividend on Aug 12, 2023, in a meeting on July 28, 2023.

Dividend - "The Board has declared an 1st interim dividend of Rs. 4.00 per Equity Share (200%) on the Equity Shares of Rs. 2/- each (face value) for the financial year 2023-24," the Board said in a filing.

Record Date - "The 1st Interim Dividend for financial year 2023-24, if declared, shall be paid to the equity shareholders whose name appears on the Register of Members of the company on the record date i.e. 12th August, 2023," the Board said in a filing.

Meanwhile, the shares of Balkrishna Industries on Friday closed at Rs 2480.15 per share with intraday high and low of Rs 2511 and 2472.10 on BSE, respectively.

The stock has performed in green in the past 2 weeks compared to Sensex. It jumped 0.64% in 1 week and 2.68% in 2 weeks. The stock gained 6.91% in 1 year. In 3 years, it gained 87.05%. It has given 96.25% positive return in 5 years.

The stock traded its 52-week high at Rs 2568.55 per share on Aug 01, 2023, while it traded its 52-week low at Rs 1801 per share on Nov 15, 2022.

About the Company - Balkrishna Industries is a Midcap tyres sector company. The company manufactures a wide range of tires, which are used for agriculture, earthmovers and port, mining, lawn and garden, forestry, industrial and construction, and all-terrain vehicles. The company has a market cap of Rs 47,945.56 Crore.

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