Rs. 95 Hefty Dividend: November 18 Record Date; An Attractive Buying Opportunity?

Leading FMCG firm in India, Procter & Gamble Hygiene and Health Care Limited is listed on the BSE 200 index and has a market valuation of Rs 53,958.99 Cr. The company is an international consumer goods conglomerate with a broad focus on personal hygiene, personal health, and personal care products. Founded in India, Procter & Gamble Hygiene and Health Care Ltd. (P&GHHCL) is a well-known consumer products corporation. On Friday, the shares of Procter & Gamble Hygiene and Health Care ended 0.76% lower at Rs 16622.85 per share.

Procter & Gamble Hygiene and Health Care Dividend

"We are pleased to inform you that the Board of Directors of the Company at its Meeting held on August 28, 2024, have recommended a final dividend of Rs. 95 per equity share of face value of Rs. 10 each for Company's Financial Year 2023-24, which will be paid to shareholders, subject to the approval of the shareholders at their Annual General meeting to be held on November 25, 2024. The said final dividend, if approved by the members, will be payable to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as at the close of business hours on Monday, November 18, 2024 (Record date)," said the company in a stock exchange filing.

Procter & Gamble Hygiene and Health Care Q2 Result Date

"We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 30, 2024, inter alia, to consider and approve the Unaudited Financial Results for the Quarter ended September 30, 2024," said the company in a regulatory filing.

Procter & Gamble Hygiene and Health Care Share Price Target

"PGHH is forming a symmetrical triangle pattern on the daily chart. The stock has shown a strong reversal from its support level, indicating a potential upward breakout. If the stock surpasses the key resistance level of 16900, it could reach short-term targets of 18600. On the downside, immediate support is located at 16500, offering a potential buying opportunity on dips," said Mandar Bhojane - Equity Research Analyst at Choice Broking.

"The Relative Strength Index (RSI) is currently at 58.44 and trending upward, signaling growing buying momentum. To manage risk effectively, a stop-loss at 16050 is recommended to protect against any unexpected market reversals. In summary, based on technical analysis and current market conditions, PGHH presents an attractive buying opportunity for those targeting 18600, with prudent risk management in place," the analyst further commented.

Disclaimer

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