Britannia Share Dividend 2024 Record Date: Britannia Industries, a largecap stock, has announced to reward its investors by paying dividend. The dividend announcement was done by Britannia Industries in its Q4 results FY2024 (quarterly results). Britannia dividend record date has also been fixed.
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Britannia Industries is a leading food products company, which sells biscuits, breads and dairy products.
Britannia Dividend 2024 Announcement
Britannia has announced to pay 7,350 per cent dividend on each stock to its investors. A dividend is always calculated and paid on the face value of each stock. The current face value of Britannia shares is Re 1. Accordingly, the 7,350 per cent dividend translates into Rs 73.5 payout. This is the final dividend announcement by Britannia for the financial year 2023-24.
“Recommended the final dividend for the financial year ended 31st March, 2024 @ 7350% i.e., Rs 73.5 per equity share of Re 1 each…,” the company said in an exchange filing.
Britannia Dividend Record Date 2024
Britannia said that the board has also fixed the record date for determining the eligibility of shareholders’ participation in the next dividend or upcoming corporate action.
“Approved to close the Register of Members from Tuesday, 6th August 2024 to Monday, 12th August 2024 (both days inclusive) for the purpose of AGM and determining the entitlement of the Members to the final dividend. Hence, the record date for the AGM and final dividend is Monday, 5th August, 2024,” Britannia said in exchange filing.
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Britannia Dividend Payment Date
Britannia in the filing further said that the final dividend of Rs 73.5 will be paid within the timelines prescribed under the law.
Britannia Q4 Results
Britannia said that it has reported a consolidated net profit of Rs 538.28 crore in the Q4, down more than 3 per cent YoY versus Rs 558.66 crore reported in the same quarter in the last fiscal. The company’s revenue in the quarter stood at Rs 4,126.70, down by 4 per cent against Rs 4,306.89 crore in Q3FY24.
For the FY2024, Britannia said that its consolidated revenue stood at Rs 16,546 crore and operating profit came in at Rs 2,869 crore.
Britannia Dividend History
According to BSE website, Britannia had in 2023 paid a dividend of Rs 73 on each stock to its investors. In 2022, the FMCG company paid a dividend of Rs 56.5 per share. Back in 2021, Britannia had distributed dividend on two occasions — Rs 12.5 in May and Rs 62 in April. In 2020, the company had paid a dividend of Rs 118 on each stock to its shareholders.
Britannia is a constituent of S&P BSE 100. As per BSE analytics, the FMCG stock has remained sideways in the last one year, yielding a moderate return of around 5 per cent. In the last two years, the stock has climbed 45 per cent. Britannia shares have made its investors wealthier by 76 per cent in the last 5 years. In 10 years, the scrip has zoomed 1000 per cent.
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Britannia commands a market cap of Rs 1,14,295.62 crore as on may 4, according to BSE website.
