Britannia Dividend 2024 announcement, Record Date – Information

Britannia Share Dividend 2024 Record Date: Britannia Industries is a large-cap stock. Britannia announced its dividend in the fourth quarter results. Britannia Dividend Payment Date, Britannia Dividend History: See Here

Britannia Dividend 2024 announcement, Record Date - Information

Britannia Share Dividend 2024 Record Date: Britannia Industries, a large-cap stock, has declared plans to pay dividends to its shareholders. Britannia Industries announced the dividend in their Q4 results for fiscal year 2024. The Britannia dividend record date has also been set.

 

Britannia Industries is a significant food manufacturer that sells biscuits, breads, and dairy goods.

Britannia Dividend 2024 Announcement

Britannia has offered a 7,350 percent dividend on each shares for its stockholders. Dividends are always calculated and paid according to the face value of each stock. The current face value of Britannia shares is Re one. As a result, the 7,350 percent dividend yields a distribution of Rs 73.5. This is Britannia’s final dividend announcement for fiscal year 2023-24.

“Recommended the final dividend for the fiscal year ended March 31, 2024 at 7350%, i.e., Rs 73.5 per equity share of Re 1 each…,” the business stated in an exchange statement.

Britannia Dividend Record Date 2024

Britannia stated that the board has also established a record date for evaluating the eligibility of shareholders to participate in the next dividend or forthcoming corporate action.

“Approved to close the Register of Members from Tuesday, August 6, 2024 to Monday, August 12, 2024 (both days inclusive) for the purpose of conducting the AGM and determining the Members’ entitlement to the final dividend.” As a result, the record date for the AGM and final dividend is Monday, August 5th, 2024,” Britannia stated in an exchange filing.

Britannia Dividend Payment Date

Britannia further stated in the filing that the last dividend of Rs 73.5 will be paid within the time frame specified by law.

Britannia Q4 Results

Britannia posted a consolidated net profit of Rs 538.28 crore in the fourth quarter, down more than 3% YoY from Rs 558.66 crore in the same quarter last year. The company’s sales in the quarter was Rs 4,126.70, down 4% from Rs 4,306.89 crore in Q3FY24.

Britannia said that their consolidated revenue for FY2024 was Rs 16,546 crore, with an operating profit of Rs 2,869 crore.

Britannia Dividend History

According to the BSE website, Britannia gave its investors a dividend of Rs 73 per shares in 2023. In 2022, the FMCG company distributed a dividend of Rs 56.5 per share. In 2021, Britannia paid dividends on two occasions: Rs 12.5 in May and Rs 62 in April. In 2020, the company paid a dividend of Rs 118 per stock to its stockholders.

Britannia is a constituent of the S&P BSE 100. According to BSE data, the FMCG stock has traded sideways over the last year, providing a moderate return of roughly 5%. In the last two years, the stock has risen by 45 percent.Britannia shares have increased investors’ wealth by 76% during the last five years. In ten years, the scrip has increased by 1,000 percent.

Britannia has a market capitalization of Rs 1,14,295.62 crore as of May 4, according to the BSE website.

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