Rs 150/Share Dividend: Mid Cap Tobacco Stock Set To Go Ex-Dividend, How To Be Eligible?

Mid-tier company operating in tobacco sector, VST Industries Ltd shares gained 2.82% in trade today to Rs 4333.65 per share on BSE. VST Industries Ltd shares will trade ex-dividend on June 14, 2024. VST Industries Ltd shares offered return of 28% year-to-date and surged 27% in last 1-year. The company for the quarter ended March 31, 2024 declared its net profit at Rs 88.20 crore, up 28.38% as compared to Rs 68.70 crore declared in the corresponding quarter of last year. Recently, ace investor Radhakishan Damani bought Rs 86.26 crore worth of shares of VST Industries.

The DMart founder reportedly purchased an additional 1.51% stake in VST Industries for Rs 86.26 crore via open market deals. Radhakishan Damani bought 2.33 lakh shares of VST Industries at Rs 3,689.96 per share. Damani picked 1.44% stake in January also and he now owns 35.84% stake in VST, more than promoters's stake of 32.16%. Check more details below:

VST Industries Recommends Dividend: According to the BSE filing of VST Industries as on April 26, 2024, "recommended a final dividend of Rs.150/- per equity share of Rs. 10/- each. The dividend if approved will be paid within 30 days of the approval of the shareholders at the ensuing 93rd Annual General Meeting."
VST Industries Dividend History: VST Industries announced 24 dividends since May 28, 2001. In last 1-year, VST Industries declared an equity dividend amounting to Rs 150.00 per share. At the current share price of Rs 4333.65 per share, VST Industries offers dividend yield of 3.46%.

How To Become Eligible For VST Industries Dividend? Record date plays key role in deciding eligibility of shareholders for obtaining dividend. Traders whose name reflect in company's shareholders record as on the record date will be eligible to earn dividend declared by the company. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution. VST Industries set June 14 as the record date for final dividend.

VST Industries Financials: VST announced its sales rose 24.35% to Rs 374.13 crore for the quarter ended March 31, 2024 as against Rs 300.86 crore reported in the corresponding quarter ended March 2023. For the whole year, its net profit slipped 7.77% to Rs 301.57 crore for year ended March 2024 as against Rs 326.98 crore declared last year ended March 2023. Sales rallied 9.85% to Rs 1417.20 crore for the year ended March 2024 as compared to Rs 1290.11 crore declared during the previous year ended March 2023.

VST Industries Share Performance: The 52-week high price of VST Industries share on BSE is Rs 4395.00 per share (as on 10/06/2024) and 52-week low price is Rs 3159.90 per share (as on 26/10/2023), respectively. Its market capitalisation stood at Rs 6,691.99 crore. VST Industries shares offered 15% return in last 1-month, 37% return in last 2-years, and gained 25% in last 5-years. In last 10-years, VST Industries shares gained 139%.

About VST Industries: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

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