Rs 33/Share Dividend: Small Cap PSU Holding Stock Set To Trade Ex-Dividend Soon

Shares of small cap public sector undertaking from the holding sector, Balmer Lawrie Investments Ltd on Wednesday gained 0.77% on BSE. Current market price of Balmer Lawrie Investments share is Rs 470.10 per share. Balmer Lawrie Investments shares will soon trade ex-dividend for Rs 33/- per equity share dividend as record date has been fixed as September 20, 2023. Balmer Lawrie shares offered 30% return in last 6-months and fell 2% in last 2-years. Check details given below:

Balmer Lawrie Investments To Go Ex-Dividend On September 20: Its board of directors on May 30, 2023 announced Rs 33/share dividend and issued BSE filing saying, "Further to our intimation dated lOth May, 2023 read with intimation dated 23rd May, 2023 and pursuant to Regulation 30(2) and 30(6) read with Schedule III of the Listing Regulations, this is to hereby inform that the Board of Directors at its Meeting dated 30th May, 2023 has recommended a Dividend of Rs. 33/- (Rupees thirty three only) per Equity Share on 2,21,97,269 Equity Shares of the Company for the Financial Year ended 31 st March, 2023." Earlier this year on August 8, 2023, Balmer Lawries set September 20, 2023 as ex-dividend date. It issued in its exchange filing, "Upon declaration by the Members, dividend for the Financial Year 2022-23 shall be paid within 30 days from the date of the 22nd AGM to those Members, who are holding shares of the Company as on the cut-off date, Wednesday, 20th September, 2023 (end of day)."

Balmer Lawrie Dividend History: The company has announced 22 dividends since September 19, 2003. If the current share price of Rs 470.10 is taken into note, it offers a dividend yield of 6.85%, as per Trendlyne data.

Balmer Lawrie Investments Stock Outlook & Return: Current marekt price of Balmer Lawrie Investments share is Rs 470.10 per share on BSE. Its 52-week high price is Rs 474.80 per share and 52-week low price is Rs 351.25 per share, respectively. Its market capitalisation is Rs 1043.27 crore. In last 6-months, Balmer Lawrie Investments stock offered 30% return, gained 27% YTD, offered 15% return in last 3-years, and 17% return in last 5-years.

Balmer Lawrie Investments Financial Performance: The company for the quarter ended June 30, 2023 declared a dip of 3.68% in its consolidated total income at Rs 604.57 crore as against its preceding quarter total income of Rs 627.64 crore. It declared its latest quarter net profit after tax at Rs 43.15 crore.

Balmer Lawrie About: Balmer Lawrie Investments Limited, is presently under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India. The total strength of its Board is 3 (Three), all the Directors are Non-Executive Directors, out of which two are Government Nominee Directors and one is an Ex-officio - Non- Executive Director, according to its official website. It was incorporated on 20 September 2001 under the Companies Act, 1956, in which the President of India holds 59.67% of its total paid up equity capital.

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