Rs 150/Share Dividend: Debt-Free Mid Cap Tobacco Sector Stock To Go Ex-Dividend Soon

Mid cap stock operating in tobacco sector, VST Industries Ltd is all set to trade ex-dividend on August 4 for Rs 150 per equity share dividend of Rs 10/- each. Last trading price of VST Industries share on BSE is Rs 3697.45 per share. VST Industries shares 21% return in last 6-months. Check details below:

VST Industries Recommended 1500% Dividend: According to the BSE filing of VST Industries, "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 92nd Annual General Meeting." The company fixed August 5, 2023 as the record date. The ex-dividend date is August 4, 2023.

VST Industries Dividend History: VST Industries announced 23 dividends since May 28, 2001. If the last trading price of VST Industries share of Rs 3697.45 is taken into consideration, it offers a dividend yield of 4.05%.

VST Industries Stock Performance & Return: The 52-week high price of VST Industries share is Rs 3865.40 per share and 52-week low price is Rs 2912.55 per share, respectively. Its market capitalisation is Rs 5709.57 crore. VST Industries shares delivered 16% return in last 1-year, 6% return in last 2-years, and 16% return in last 3-years.

VST Industries Financial Outlook: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 345.36 crore, up 8.67% as against its last quarter total income of Rs 317.80 crore. The company in its recent quarter announced its net profit after tax at Rs 83.70 crore.

About VST Industries: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. 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.

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