If you are a shareholder in CRISIL or tracking the portfolio of ace investor Rekha Jhunjhunwala, here is a good reason to pay attention. The company is all set to trade ex-dividend on Friday, April 11, for its whopping 2,600% final dividend. The company has declared a final dividend of Rs 26 per share.
In an exchange filing on February 10, the company said, ” The Board of Directors has also recommended final dividend of Rs. 26, per equity share of face value of Re 1 each, for the financial year ended December 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting.”
CRISIL Dividend: Rs 26 final dividend
In its February board meeting, CRISIL announced a final dividend of R 26 per equity share of face value Rs 1 each for FY2024, subject to shareholder approval. This comes on top of three interim dividends already paid – Rs 7, Rs 8, and Rs 15 per share.
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Add it all up, and shareholders are looking at a total dividend of Rs 56 per share for the financial year. That translates to a staggering 5,600% in dividend yield based on the face value.
CRISIL Dividend: Record date set
To be eligible for this payout, investors must hold CRISIL shares by Friday, April 11. Those who own the stock on or before this record date will receive the Rs 26 final dividend, which is typically credited within a few days after the company’s annual general meeting and shareholder approval.
CRISIL Dividend: Rekha Jhunjhunwala’s stake
Among CRISIL’s prominent shareholders is Rekha Jhunjhunwala, who holds 37.99 lakh shares, amounting to a 5.19% stake in the company. With such a holding, the latest dividend will bring her a payout of nearly Rs 9.88 crore from this final dividend alone.
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Over the past five trading sessions, the share price of CRISIL has largely remained flat. In the last one month, CRISIL’s share price has slipped nearly 6%, extending a declining trend seen over the past few quarters. In fact, the stock is down around 7% in the past six months and has shed about 15% over the last one year.
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