The company pays a part of its profits to its shareholders as dividends and for investors it may become a steady source of additional income besides stock price appreciation.
Dividend pay out ratio of the company is calculated as dividend paid/ net earnings
So as investors are on the lookout for high dividend paying stocks, this company from the personal care segment, Procter & Gamble Hygiene and Health Care Limited via an exchange filing dated August 25, 2021 informed that the Board of Directors of the Company, have recommended a final dividend of Rs. 80 per Equity Share (Nominal Value of Rs. 10/- each), for the Financial Year ended June 30, 2021. The dividend shall be paid between November 18, 2021 to December 14, 2021, on approval of the Members at the 57th Annual General Meeting.
Note final dividend is recommended by board of the company and approved by its shareholders in the Annual General Meeting (AGM).
For this particular dividend pay-out the stock will turn ex-dividend on November 9, 2021. The ex-dividend date is the day the price of the equity share of the company gets adjusted for the dividend payout. It is usually one day one working day prior to the Record Date
About the company
Procter & Gamble Hygiene and Health Care Limited, incorporated in the year 1964, is the country's fastest growing FMCG company that is into manufacturing personal and beauty care and health care products. The Company's product line includes cosmetics, personal care products, soaps and detergents etc. The company also offers ayurvedic products.
The company is a large cap scrip commanding a market capitalization of Rs. 45,657 crore. Other important financials are as below:
TTM P/E- 70.05
Sector P/E- 75.24
Last traded price- Rs. 14065 per share
Debt to equity-0