This Large Cap Specialty Chemicals Stock Fixes Record Date For 1000% Dividend

Pidilite Industries Limited, a speciality chemicals company will pay a 1000% final dividend next week. Recently the company fixes record date for the final dividend. Pidilite Industries is a large-cap stock with a market capitalization of Rs 116,474 crore.

1000% Final Dividend

In the Board Meeting of Pidilite Industries Ltd. held on May 18, 2022, the company proposed a final dividend of 1000% equal to Rs 10 per equity share.

The Board of Directors of the company in its filing to the BSE & NSE on May 18, 2022, has stated, "The Board of Directors have proposed a final dividend of Rs. 10 Per share, subject to approval of shareholders at the AGM. "

Ex-Date & Record Date - The ex-dividend date of the recommended 1000% final dividend is July 26, 2022, and the record date announced by the company is July 27 2022.

Pidilite Industries Dividend History

The company maintains a good track record of dividends. It has a good history of dividend payout. Since July 2001 it has declared constantly 23 dividends. Out of these 23 dividends, 2 were Interim dividends and the rest 21 including this were final dividends. Last year, the company declared a final dividend of 850% amounting to Rs 8.50 per share.

Pidilite Industries Stock Outlook

The current market price (CMP) of Pidilite Industries is Rs 2,291.45 apiece, witnessed a decline of 0.61%. On June 17, 2022, the stock hit the 52-week low level at Rs 1,988.55 apiece, whereas, it touched the 52-week high level on January 13, 202 at Rs 2,764.70 apiece. The ROE of the stock is 18.85%. TTM PE ratio is 96.44. TTM EPS is Rs 23.76. PB ratio is 17.65.

The stock in the past 1 week has gained 1.81% and 14.6% in the last 1 month, respectively. In the last 1 year, it has moved up by 1.38%. In the last 3 and 5 years, its share gained a massive boost by 91.7% and 187.19%, respectively.

About - Pidilite Industries Limited

Pidilite Industries Limited (Pidilite) is a consumer and specialities chemical company, incorporated on 28th July 1969. Pidilite is the market leader in adhesives and sealants construction chemicals hobby colours and polymer emulsions in India. Its brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in India. The company's product range includes Adhesives and Sealants, construction chemicals, polymer, craftsmen products, emulsions, automotive chemicals, paint chemicals, art materials and stationery fabric care maintenance chemicals industrial adhesives industrial textile resins and organic pigments and preparations.

Disclaimer

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