Rs 6/Share Dividend: Mid Cap Consumer Durable Sector Stock To Pay Dividend Soon

Mid cap company operating in Consumer Durables Sector, TTK Prestige Ltd held a meeting on June 26 and announced the dividend, if declared by the Members at the ensuing AGM, will be paid on and from August 8, 2023. Board of TTK Prestige recommended Rs 6/- per share dividend on May 25, 2023. Last trading price of TTK Prestige share is Rs 738.95 per share with intraday fall of 0.65% on BSE. Check details below:

TTK Prestige Recommended Rs 6 Per Share Dividend: According to the BSE filing of the company, "The Board has recommended a dividend of Rs. 6/- per share of Face Value of Rs. 1/- each i.e. 600% for the financial year 2022-23, which shall be paid / despatched within 21 days from the date of AGM, subject to the approval of the Shareholders."

TTK Prestige Stock Performance & Return: Last trading price of TTK Prestige share is Rs 738.95 apiece on BSE. Its 52-week high price is Rs 1051.00 per share and 52-week low price is Rs 652.10 per share, respectively. It has a market capitalisation of Rs 10,242.88 crore. In last 1-year, TTK Prestige shares fell 10%, declined 16% in last 2-years and gave return of 30% in last 3-years. In last 3-months, TTK Prestige stock offered return of 9% and 7% return in last 1-month.

TTK Prestige Financial Performance: Earlier this year on May 25, TTK Prestige Ltd declared 26% fall in its fourth-quarter profit due declined demand of its kitchenware products. Its consolidated net profit declined to 594.5 million rupees ($7.18 million) in the three months ended March, from 800.2 million rupees a year earlier. "Growth is expected to stabilise during the second half of FY24," the company stated in its BSE filing.

TTK Prestige About: TTK Prestige Limited operates in two business segments namely Kitchen Appliances and Property & Investment. Its kitchen appliances product categories include pressure cookers, non-stick cookware, gas stoves and domestic kitchen electrical appliances, among others. It was incorporated in 1955.

Disclaimer: The consumer durables sector stock will soon pay dividend on and from August 8, 2023. 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.