23.44% Up In 3 Months! Real Estate Stock To Go Ex-Dividend For 200% Dividend On July 28

Large-cap Real Estate company, DLF Ltd. is all set to trade ex-dividend next week on July 28, 2023. On July 13,2 203, the Board fixed Jul 28, 2023, as the record date for a 200% dividend i.e. Rs 4/- each per equity share of face value of Rs 2/- each for the Financial Year 2022-23. The market cap of DLF is Rs 1,24,013.12 Crore.

Dividend & Record Date

"The Board of Directors have recommended dividend of ₹ 4/- per equity share of the face value of ₹ 2/- each for FY 2022-23, subject to approval of the shareholders at the ensuing Annual General Meeting to be held on Friday, 4 August 2023," the board said in an exchange filing.

It added, "Pursuant to Regulation 42 of SEBI LODR, the Company has fixed Friday, 28 July 2023 as the 'Record Date' for determining entitlement of shareholders for payment of dividend for FY 2022-23. The dividend will be paid/ dispatched to the shareholders on or before Saturday, 2 September 2023, if approved by the shareholders and subject to deduction of tax at source at applicable rates."

Stock Outlook

The stock of DLF closed at Rs 501 apiece with an intraday high of Rs 505 and an intraday low of Rs 496.20. The stock traded its 52-week high on Jul 07, 2023, at Rs 517.50 apiece and 52-week low on Mar 14, 2023, at Rs 336.55 apiece, respectively.

The stock jumped 1.61% in 1 week, and 3.74% in 1 month, respectively. It gained 23.44% in 3 months and 35.63% in 6 months, respectively. It gained 38.95% in 1 year, 55.28% in 2 years, 249.37% in 3 years, and 193..41% in 5 years, respectively.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.