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Dollar Industries Declares Rs 3 Final Dividend Amidst Steady Performance

Updated: May 14, 2025 20:13

Image Source: Trading View
Dollar Industries Ltd has recommended a final dividend of Rs 3 per equity share for the year 2024-25. The board of directors authorized this payment in its latest meeting, following a consistent dividend history of the company over the last few years.
 
Major points:
 
The last dividend of Rs 3 per equity share represents a 150% dividend on the face value of Rs 2 per equity share, similar to the previous year's last dividend.
 
The ex-dividend date is July 26, 2024, and the record date is July 27, 2024. Shareholders on this date will be entitled to receive the dividend.
 
At the current market price of approximately Rs 391.70 per share, the dividend yield is around 0.78%.
 
Dollar Industries continues to reflect financial health, having registered a consolidated net profit of Rs 89.39 crore during the year ended March 2024, while revenues totaled Rs 1,549 crore. The basic earnings per share (EPS) of the company in FY24 were Rs 15.76.
 
The firm has sustained a generous dividend payout ratio, a signal of its intention to reward shareholders despite facing a competitive apparel and textile industry.
 
While there has been consistent operating performance, Dollar Industries shares have lagged larger indices in the past three years, recording a negative three-year return against substantial gains in the Nifty Smallcap 100.
 
The dividend declaration is an indication of management's optimism regarding the company's cash flows and prospects, and the return to shareholders in the form of something concrete as the company remains growth and operationally focused. 
 
Sources: INDmoney, ET Money, Capital Market, Economic Times, Moneycontrol, Screener

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