This Small Cap Cement Sector Stock To Pay Out 250% Final Dividend and 200% Special Dividend

It is significant to keep a close vigil on company announcements to remain aware of significant updates related to dividend announcements, bonus share issuance, stock splits etc. One such leading company HIL Ltd has made an announcement pertaining to final dividend and special dividend. Check below for details related to ex-dividend date and performance of the company:

1. HIL Ltd To Pay 250% Final Dividend and 200% Special Dividend

The Board of Directors of HIL has stated in their BSE Filing, "4. The Board of Directors of the Company have recommended a final dividend of INR 25.00 per share (250%) on 06 May 2022 for the financial year ended 31 March 2022. The Board also declared an additional final dividend of INR 20.00 per share (200%) to commemorate the celebration of Platinum Jubilee on completion of 75 years of incorporation. This, together with an interim dividend of INR 20.00 per share (200%) declared in the previous quarter, the total dividend for the financial year ended 31 March 2022 works out to INR 65.00 per share (650%) on Equity Shares of INR 10/- each. Final dividend is subject to approval of shareholders.

Ex-Dividend Date: The stock will go ex-dividend on July 21.

2. Stock Outlook of HIL Ltd

The current market price of the stock is Rs 3288.95 apiece. The 52-week-high and 52-week low of the stock is Rs 6758 apiece and Rs 3250 apiece. The PE of the stock is 11.74 which is lesser than the sector PE of 13.30, a positive aspect. The EPS of the stock is 280.07%. The ROE (Return on Equity) and ROCE are 19.5% and 23.8%, respectively.

Multibagger Returns: The stock has given multibagger returns in 5 years at 248.79%. In one year, the stock has given negative return of 27%.

3. HIL Ltd Dividend History

HIL has a good dividend track record and it has regularly declared dividends in the last 5 years, a positive for investors. Earlier this year in March, HIL declared an equity dividend of Rs 65/per share. If the current share price of Rs 3288 is taken into consideration, the dividend yield is 1.98%.

4. About HIL Ltd

HIL reported a standalone net profit of Rs 50.65 crore for Q4 ending March 31. The company declared a total income of Rs 951.69 crore for the period ended March 31, 2022. It was established in 1946. HIL Limited is a flagship company of the $2.4 Billion conglomerate, CK Birla Group. HIL is a comprehensive building solutions provider with a rich legacy, including as India's largest manufacturer of fibre cement roofing sheets. HIL is known for its technology prowess, strong customer centricity and innovative green practices. With a vision of providing shelter to every Indian, the company is committed to developing customer-appropriate building solutions that are also environmentally sensitive, according to its official website.

Market Capitalisation: The market capitalization of the company is Rs 2,471 crore.