2:1 Bonus Share On Sept 20: FMCG Stock To Reward 2 FREE Shares After 2800% Dividend

Mid cap company from FMCG sector Godfrey Phillips Ltd shares soared gained 10.17% on September 13, 2024 to settle at Rs 7323.75 per share on BSE. Godfrey Phillips shares offered return of 66.76% in last 30-days and surged 250% year-to-date (YTD). The company, engaged in the industry of cigarettes & tobacco products, has a market capitalisation of Rs 38,079.05 crore. FII/FPI have increased holdings from 10.76% to 10.83% in June 2024 quarter and number of FII/FPI investors increased from 157 to 160 in June 2024 quarter.

HSBC midcap fund has 1.33% stake in Godfrey Phillips with 691,750 shares of the company. Meanwhile, Godfrey Phillips is planning to hold meeting of Board of Directors on September 20, 2024 to consider and recommend bonus shares in the ratio of 2:1 implying shareholder would receive 2 bonus shares for every 1 share held. Check details below:

Godfrey Phillips Plans To Recommend Bonus Shares: As per the exchange filing of Godfrey Phillips issued as on September 6, 2024, "we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 20th September 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 2:1 i.e. 2 (Two) new fully paid-up Equity Shares of Rs. 2/- each for every 1 (One) existing fully paid-up Equity Share of Rs. 2/- each, to the Equity Shareholders of the Company by capitalization of reserves."

Godfrey Phillips Shares Performance: The 52-week high price of Godfrey Phillips share on BSE is Rs 7429.90 per share (as on 13/09/2024) and 52-week low price is Rs 1994.90 per share (as on 26/10/2023), respectively. Godfrey Phillips shares gained 150% in last 6-months, zoomed 253% in last 1-year, and offered return of 523% in last 2-years.

Godfrey Phillips Dividend In 2024: As per the BSE filing of Godfrey dated May 30, 2024, "Final Dividend of 2800% i.e. Rs. 56/- per equity Share of Rs. 2/- each for the financial year ended 31st March 2024, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company ("AGM"). The dividend declared in the AGM will be paid within 30 days from the date of declaration. The date of payment of dividend shall be intimated in due course of time."

Godfrey Phillips Dividend History: The FMCG company declared 25 dividends since April 28, 2000. In last 1-year, Godfrey Phillips announced an equity dividend amounting to Rs 56.00 per share. At the current share price of Rs 7323.75 per share, Godfrey Phillips India offers a dividend yield of 0.77%.

Godfrey Phillips Q4 Results: The mid cap FMCG company on May 30, 2024 declared its standalone revenue from operations at Rs 1174.98 crore for the quarter ended March 31, 2024 as against Rs 975.13 crore declared in the corresponding quarter of last year. The company announced its total income for March 2024 quarter at Rs 1272.81 crore as compared to Rs 1019.14 crore in the similar quarter of last year. Total expense of Godfrey for the quarter under review declared at Rs 1043.26 crore from Rs 864.14 crore in March 2023. The company declared its standalone net profit for the quarter ended March 31, 2024 at Rs 178.42 crore as against Rs 115.11 crore in corresponding quarter of last year.

About: Godfrey Phillips India is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. Godfrey Phillips India has expanded its product portfolio beyond cigarettes and tobacco and entered India's highly competitive confectionery segment and retail, according to its official website.

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