Midcap Stock From Engineering Sector Recommends Rs 95/Share Dividend, Check Details

Engineering sector firm Honeywell Automation India Ltd. in their Board meeting held on May 17, 2023, recommends a dividend of Rs 95/share of face value of Rs. 10 each for the financial year 2022-23. The recommended dividend is subject to the approval of the shareholders of the company at the Annual General Meeting (AGM) of the company that is scheduled on August 11, 2023. It is a midcap stock with a market valuation of Rs. 33,114.82 crore.

Recommends Dividend of Rs 95/share

According to the Company's regulatory filing on May 17, 2023, "Recommendation of dividend @ Rs. 95 /- (Rupees Ninety-Five only) per Equity share of face value Rs. 10/- each for the financial year ended on March 31, 2023 to be approved by the shareholders at the Annual General Meeting of the Company to be held on August 11, 2023. The said dividend, if declared at the ensuing Annual General Meeting of the Company shall be paid on August 25, 2023."

Stcok Outlook

The last traded share price of rs Honeywell Automation India is Rs. 37,453.75/share, down 1.04% from its previous close of Rs. 37,847.70/share. The stock recorded 52 week low on 26 May 2022 at Rs. 30,185.35/share and 52 week high on 16 August 2022 at Rs. 44,347.15/share, respectively.

The stock has jumped 1.98% in 1 week, 3.93% in 1 month, and 0.56% in 3 months, respectively. It gave 14.6% positive return in 1 year, 36.72% in 3 years and 100.22% in 5 years, respectively.

About - Honeywell Automation India Ltd. (HAIL)

Honeywell Automation India Limited (HAIL) was incorporated in India in 1984 and its registered office is in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients. A Fortune India 500 company, HAIL has more than 3,000 employees across India - Pune, Bangalore, Hyderabad, Chennai, Mumbai, Gurgaon, Kolkata, Jamshedpur and Vadodara.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. 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 making any investment decision.