Dividend Stock: Small Cap ITC Hotel Stock Sets Record Date For Dividend

Gujarat Hotels Limited, associated company of ITC Limited, on Thursday fixed August 25, 2023 as the record date for final dividend of Rs 2 per equity share of Rs 10/- each for the financial year ended March, 2023. Gujarat Hotels shares declined 3.40% intraday on BSE. Last trading price of Gujarat Hotels share is Rs 156.20 per share on BSE. Check details below:

Gujarat Hotels Declares Record Date For Final Dividend: According to the BSE filing of Gujarat Hotels dated July 27, 2023, "The Board of Directors ("the Board") at its meeting held today i.e. 26th July, 2023, fixed Friday, 25th August, 2023 as the Record Date for final dividend of Rs. 2 per equity share of Rs. 10/- each for the financial year ended 31st March, 2023, as recommended by the Board at its meeting held on 19th April, 2023. If declared by the members at its 41st Annual General Meeting, will be paid between Tuesday, 12th September, 2023 and Saturday, 16th September, 2023 to those members entitled thereto."

Gujarat Hotels Stock Performance & Return: Last trading price of Gujarat Hotels stock is Rs 156.20 apiece. Its 52-week high price is Rs 170.80 per share and 52-week low price is Rs 117.65 per share, respectively. Gujarat Hotels shares offered return of 12% in last 6-months, 16% return in last 1-year, declined 7% in last 2-years, and gave 85% return in last 3-years.

Gujarat Hotels Dividend History: Gujarat Hotels announced 23 dividends since August 1, 2001. It offers a dividend yield of 1.28% if the current share price of Rs 156.20 is taken into consideration.

Gujarat Hotels Financial Performance: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 1.37 crore, down 21.05% as against its last quarter total income of Rs 1.74 crore. The company announced its recent quarter net profit after tax at Rs 1.26 crore.

Gujarat Hotels About: Gujarat Hotels Limited (GHL) is an associate company of ITC Limited incorporated in the year 1982. GHL owns the Welcome Hotel Vadodara in Vadodara which is operated by ITC Limited under an Operating Licence Agreement, according to its official website.

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