KDDL Ltd, a leading manufacturer of precision watch components and engineering goods, has recommended a final dividend of ₹5 per share for the financial year 2024-25, underscoring its robust financial health and commitment to shareholder value.
Key Highlights:
Dividend Announcement: The Board of Directors has proposed a final dividend of ₹5 per share, marking a continued upward trajectory in the company’s dividend policy. This comes on the back of a ₹4 per share final dividend and a hefty ₹58 per share interim dividend declared in the previous fiscal, reflecting KDDL’s consistent payout growth and strong earnings performance.
Financial Strength: KDDL has delivered impressive profit growth, with a 35.8% CAGR over the past five years and a healthy dividend payout ratio of around 31%. The company’s dividend yield stands at a competitive 2.21%, placing it among the top dividend payers in the Indian consumer durables sector.
Market Performance: Trading at around ₹3,267 per share, KDDL’s stock has shown resilience and steady appreciation, buoyed by strong operational results and investor confidence in its long-term strategy.
Track Record: KDDL’s history of increasing dividends over the past decade highlights its stable cash flows and prudent capital allocation, making it a reliable choice for income-focused investors.