This Stock Has Declared An Interim Dividend Of 700%

Recently the Board of Directors of Page Industries Limited (PIL)has declared its 4th Interim Dividend 2021-2022 of Rs 70/- per equity share. According to official website of BSE, the Board of Directors of the company held a meeting on May 26, 2022 to announce the dividend. Page Industries Limited has fixed also fixed the Ex-Date that is June 2.

Ex-dividend date for stocks is significant and it is usually fixed one business day before the record date. If you buy a stock on its ex-date or after, you won't get the next dividend payment and instead the seller will receive the dividend. It is important to buy before the ex-dividend date so that you can be eligible to receive dividend.

1. Dividend summary of Page Industries

Page Industry has a trustworthy dividend track report and it has regularly declared dividends for the last five years. Earlier, the company had declared a dividend of 3000.00% for the year ending March 2022 amounting to Rs 300/- per equity share. Before that it had declared a dividend of 1000% on 18 January 2022 amounting to Rs 1000/- per equity share.

2: Robust Q4 Net Profit

The leading apparel manufacturer has earlier on May 26 reported a surge in its net profit of 64.86% at Rs 190.52 crore for Q4 that ended on March 31, 2022. The revenue has also recorded a jump of 26% to Rs 1,111.11 crore in the current financial year as against Rs 880.76 crore registered a year ago. Total expenditures of PIL has soared by 18.85% at Rs 870.04% in the Q4 2021-22 FY.

3. How Page Industries shares are trading in the market today?

The shares of PIL on the NSE has recorded a gain of 1.53% till noon trade to trade at Rs 45,119 share apiece. On the BSE, shares of the company have made a gain of 1.51% to trade a Rs 45,157 share apiece till noon trade. The shares of the company has hit a 52-week high of Rs 46,737 and a 52-week low of 29,119.95.

4. About Page Industries Ltd

The company is located in Bangalore and is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India apart from other countries like Sri Lanka, Bangladesh, Nepal and the UAE. The company is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India. Page Industries along with brand Jockey have successfully pioneered the innerwear industry.