Phoenix Mills Dividend: Real Estate Stock Sets Record Date For Dividend, Shares Fall 14% In 2-Weeks

Real estate sector company The Phoenix Mills Ltd shares witnessed correction of 14% in last 2-weeks but gained over 44% so far this year. The Phoenix Mills Ltd fixed August 20, 2024 as the record date for final dividend of Rs 5/- per equity share of the face value of Rs 2/- each for the FY ended March 31, 2024. Current market price of Phoenix Mills shares on BSE is Rs 3247.25 per share with decline of 3.13% in trade today. The company has a market capitalisation of Rs 58,037.45 crore. Check more details below:

Phoenix Mills Sets Record Date For Final Dividend: As per the regulatory filing dated August 5, 2024, "The Board of Directors at its meeting held on Friday, May 17, 2024 had recommended a Final Dividend of Rs. 5/- per equity share of face value of Rs. 2/- each (250%) for the financial year ended March 31, 2024, subject to approval of the Shareholders at the AGM scheduled to be held on Friday, September 13, 2024."

The BSE filing added, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, August 20, 2024, as the Record Date for determining entitlement of Members to Final Dividend for the financial year ended March 31, 2024. The Final Dividend for the Financial Year ended March 31, 2024 as recommended by the Board of Directors, if declared by the Shareholders at the AGM, shall be paid within the due timeline after, September 13, 2024."

Phoenix Mills Shares Performance: The 52-week high price of Phoenix Mills shares on BSE is Rs 4136.30 per share (as on 18/07/2024) and 52-week low price is Rs 1654.50 per share (as on 10/08/2023), respectively. Phoenix Mills shares surged 91% in last 1-year, gained 149% in last 2-years, and soared 420% in last 5-years. In last 10-years, Phoenix Mills shares soared over 814%.

About: The Phoenix Mills Ltd carved a niche for itself in the Indian real estate sector, be it mega retail malls, entertainment complexes, commercial spaces or hospitality units. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales, according to its official website. The company was incorporated in 1905.

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