Mid Cap Tobacco Sector Stock Recommends Rs 150/Share Dividend

Board of mid cap stock operating in Tobacco sector, VST Industries Ltd on Tuesday recommended a final dividend of Rs 150/- per equity share. The shares of the company witnessed a surge of 0.79% in trade today to end at Rs 3367.55 apiece on BSE. Check details below:

VST Industries Ltd Declares Hefty Dividend: According to the BSE filing of the company, "The Board of Directors at their meeting held today recommended a final dividend of Rs. 150/- per equity share of Rs. 10/- each. The dividend will be paid/dispatched within 30 days of the approval of the shareholders at the ensuing 924 Annual General Meeting."

VST Industries Ltd Stock Performance & Return: Last trading price of VST Industries Ltd share is Rs 3367.55 apiece on BSE. The stock's 52-week high price is Rs 3865.40 per share and 52-week low price is Rs 2856.75 per share, respectively. The company has a market capitalisation of Rs 5,200.14 crore. The stock soared 8% in last 1-month, 5% in last 1-year, 3% in last 2-years, and 20% in last 3-years.

VST Industries Ltd About: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company's shares are listed on BSE Limited and National Stock Exchange of India Limited. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

Disclaimer: The board of directors of the company recommended dividend on April 25. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.