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NIIT's Dividend Delight: ₹1 Per Share Signals Sweet Returns for Investors

Updated: May 13, 2025 14:01

Image Source: Good Returns
NIIT Limited has declared a dividend of ₹1 per equity share, indicating its dedication to repaying shareholders and showing confidence in its financial health and future prospects.
NIIT Ltd, a top education and training company, has suggested a final dividend of ₹1 per equity share for the financial year 2023-24. This action comes as part of its continued process of giving consistent returns to its investors despite the volatility in market conditions.
 
Dividend Announcement Details
  • NIIT Ltd has suggested a final dividend of ₹1 per equity share for FY 2023-24.
  • The dividend would be put up for approval in the company's next Annual General Meeting (AGM).
  • Each equity share carries a face value of ₹2.
Record and Payment Dates
  • The date to determine the entitled shareholders is scheduled for September 5, 2024.
  • The dividend payment will be made within 30 days after being approved at the AGM in accordance with regulation.
Dividend History and Yield
  • Over the past 12 months, NIIT distributed a total dividend of ₹0.75 per share, and the current dividend yield is around 0.55%.
  • The company has been paying a consistent dividend over the past few years, indicating sound financial health.
  • Past dividends are ₹0.75 in the current year and ₹0.50 in the prior year.
Market Context
  • As of May 13, 2025, the share price of NIIT Ltd was at around ₹134.95.
  • The firm's regular dividend payouts increase its attractiveness to income investors looking for stable returns alongside capital appreciation.
Strategic Importance
  • Regular dividend payments are viewed as an indication of the confidence of management in the firm's earnings and growth prospects.
  • The announcement can have a positive impact on investor sentiment and underpin the stock's performance in the market.
Sources: INDmoney, MarketScreener, BlinkX, Eulerpool

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