This Small Cap Tobacco Sector Stock Will Pay 1400% Dividend, Soon To Trade Ex-Dividend

Godfrey Phillips India Ltd., a Small cap Cigarettes & Tobacco products company will be paying a final dividend of 1400%. The stocks will trade ex-dividend next week. The has not yet announced the record date for the same. Today, the share price of the company moved down by 0.25% from its previous close of Rs 1,187.45 apiece. It has a market capitalization of Rs 6,158 crore.

1400% Final Dividend

The Board of directors in its meeting held on 28th May 2022, recommended the final dividend of 1400% i.e. Rs 28 per equity share of Rs 2.

The Board of Directors of Godfrey Phillips India Ltd. in its filing to the BSE & NSE on May 18, 2022, has stated, "The Board of directors at the said meeting also recommended the payment of dividend of 1400% i.e. Rs. 28/- per equity share of Rs. 2/- each for the financial year ended 31st March, 2022, subject to the approval of shareholders at the ensuing Annual General Meeting. The dividend declared at the AGM will be paid within 30 days of declaration. The date of payment of dividend shall be intimated in due course oftime. "

Ex-Dividend Date - The ex-dividend date of the recommended 1400% final dividend is August 11, 2022.

Godfrey Phillips Dividend History

The company maintains a good track record of dividends and has declared 23 dividends in 22 years. The dividend payout history of the company is good since April 2000, when the company declared its first dividend. Out of all the 23 declared dividends, 2 were Interim dividends and the rest 21 were final dividend including this. Last year, the company declared a final dividend of 1200% amounting to Rs 24 per share.

Godfrey Phillips Stock Outlook & Returns

The current market price (CMP) of Godfrey Phillips is Rs 1184.45 apiece after closing on Friday. On February 24, 2022, the stock hit the 52-week low level at Rs 933 apiece, whereas, it touched the 52-week high level on October 28, 2021, at Rs 1408.75 apiece. TTM PE ratio is 13.16. PB ratio is 2.10. TTM EPS is Rs 90.01. The ROE of the stock is 14.96%. The dividend yield is 2.36% and the face value is Rs 2.

The share price of the company moved up by 3.81%, whereas, in the past 1 month, it has gained 10.58%, respectively. In the past 1 year, stocks gained around 12.4% and in 3 years gained around 70.85%, respectively. In the past 5 years, the stock gained 11.98%.

About - Godfrey Phillips India Ltd.

Godfrey Phillips India is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. The company also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.

Godfrey Phillips India has expanded its product portfolio beyond cigarettes and tobacco and entered India's highly competitive chewing products, mouth freshener, confectionery segment and retail. Pan Vilas pan masala, Pan Vilas Silver Dewz - a silver-coated Elaichi (cardamom seed) and Funda Goli candies are all manufactured by the Company at attractive price points. The company's premium retail outlets 24Seven is already a brand to contend with.

Disclaimer

The stock has been sourced from NSE & BSE. 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.