Rs 3/Share Dividend: This FMEG Stock Is Set To Trade Ex-Dividend Tomorrow; Shares Fall

Large cap company operating in the Fast Moving Electrical Goods segment, Havells India Ltd on Tuesday declared an interim dividend of Rs 3/per equity share of Re 1 each i.e. 300%. The company fixed February 1, 2024, as the record date. Havells India shares witnessed a decline of 4.39% intraday on BSE today and surged 9.40% in the last 1-year. The company will trade ex-dividend tomorrow (February 1). Check the details below:

Havells India Declares Interim Dividend: As per the BSE filing of the company issued today, "The Board of Directors has also declared an Interim Dividend of Rs. 3.00 per Equity Share of Re. 1/- each i.e. @ 300% on the Equity Share Capital of the Company. The same shall be payable to all those Shareholders whose names appear in the Register of Members as on the Record Date i.e. 01.02.2024 (a separate intimation of the same has already been given to the Exchanges vide letter dated 16.01.2024)."

Havells India Shares Performance & Return Over Years: The last trading price of Havells India shares on NSE is Rs 1,288 per share. The 52-week high price of Havells India shares on the NSE is Rs 1,472 apiece and the 52-week low price is Rs 1,131.80 apiece, respectively. The large cap FMEG company has a market capitalisation of Rs 82,270.95 crore. Havells India shares declined 1.2% in the last 1 week, fell over 5% in the last 1 month, offered a return of nearly 8% in the last 1 year, and surged more than 21% in the last 3 years.

About Havells India: Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. Havells enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.

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The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.