McDonald's India Franchisee Declares 3.45/Share Dividend After 14 Yrs, Shares Hit 52-Week High

Mid cap company operating in tourism and hospitality sector, Westlife Foodworld Ltd on Thursday announced an interim dividend of Rs 3.45/- per equity share of face value of Rs 2/- each. Westlife Foodworld shares hit 52-week high in trade today. Current market price of Westlife Foodworld stock is Rs 899.05 per share with intraday gain of 1.52% on BSE. Westlife Foodworld shares offered shareholders 75% return in last 1-year. Check details below:

Westlife Foodworld Declares Interim Dividend, Sets Record Date: According to the BSE filing of the company dated July 27, 2023, "We would like to inform you that the Board of Directors of the Company in its meeting held today i.e. 27th July, 2023 have declared payment by the Company of interim dividend of Rs. 3.45/- per equity share of face value of Rs. 2/- each i.e. of over 172%, for the financial year 2023-2024, to the members of the Company, and 8th August, 2023 has been fixed as the Record Date for the purpose of ascertaining the eligibility of shareholders for payment of the aforesaid interim dividend declared by the Board."

Westlife Foodworld Dividend History: The company declared interim dividend today after a gap of nearly 14 years. It announced its last dividend on March 16, 2009. It declared 3 dividends since December 10, 2008, according to Trendlyne.

Westlife Foodworld Stock Performance & Return: Last trading price of Westlife Foodworld share on BSE is Rs 899.05 apiece. Its 52-week high price is Rs 942.00 per share and 52-week low price is Rs 511.65 per share, respectively. Its market capitalisation is Rs 14,019.44 crore.

Westlife Foodworld offered 25% return in last 26% return in last 6-months, rallied 75% in last 1-year, gave return of 63% in last 2-years, and offered return of 175% in last 3-years.

Westlife Foodworld Quarterly Results: The company's consolidated net profit after tax soared 22% to 288.3 million rupees ($3.52 million) for the April-June quarter, missing Refinitiv IBES estimates of 321 million rupees, according to a Reuters report.

Westlife Foodworld About: Westlife Foodworld Limited (WFL), formerly Westlife Development Limited, is one of the fastest-growing players in India's quick service restaurant (QSR) sector. It focuses on establishing and operating McDonald's restaurants across West and South India, through our wholly-owned subsidiary Hardcastle Restaurants Pvt., according to its LinkedIn page.

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