Rs 75/Share Dividend For FY23-24: Large Cap Apparels Stock Sets Record Date For Dividend

Large cap stock operating in Apparels sector, Page Industries Limited today informed that board of directors of the company will hold a meeting on November 9, 2023 to consider unaudited financial results for the quarter ended 30 and declaration of 2nd interim dividend. Last trading price of Page Industries stock on BSE is Rs 39,178.40 apiece with intraday gain of 0.68%. Page Industries shares fell 3.55% in last 1-month and jumped 6.97% in last 3-months. Page Industries has highest EPS when compared with its peers. Check details below:

Page Industries To Declare Results, Interim Dividend On November 9: According to the BSE filing issued today, "We hereby inform you that the meeting of the Board of Directors of the Company is scheduled to be held on 9 November 2023 inter alia to consider the following:

a) To take on record the Unaudited Financial Results for the quarter ended 30 September 2023.

b) To consider declaration of 2nd interim dividend, to the Equity Shareholders of the Company for the current financial year 2023-24.

We further inform you that in case the said interim dividend is declared by the Board of Directors, the Record Date for the purpose of payment of such interim dividend will be 18 November 2023."

Page Industries Dividend History: Earlier this year, Page industries' board on August 10 declared 1st Interim Dividend for 2023-24 of Rs. 75/- per equity share. Page Industries declared 62 dividends since Aug. 27, 2007. In the past 12 months, Page Industries Ltd. has declared an equity dividend amounting to Rs 265.00 per share. At the current share price of Rs 39326.85, this results in a dividend yield of 0.67%, according to Trendlyne.

Page Industries EPS: The stock has an EPS of 468.51 while its peers such as Raymond, KPR Mill, and Arvind has an EPS of 58.86, 14.98, and 8.95, respectively. EPS reflects how much money a firm makes for each share of its stock. It is an extensively used metric for assessing corporate value. A higher EPS reflects higher value as investors will pay more for a particular company's shares if they think the company has higher profits relative to its stock price. A higher EPS indicates a more profitable company that may lead to a higher dividend payout.

Page Industries Stock Performance & Return: The last trading price of Page Industries stock is Rs 39,178.40 per share on BSE. Its 52-week high price is Rs 54,262.30 per share and 52-week low price is Rs 34,968.60 per share, respectively. The company has a market capitalisation of Rs 43,699.09 crore. Page Industries shares fell 23.72% in last 1-year, gave return of 4.93% in last 2-years, and rallied 90% in last 3-years.

About: Page Industries Limited located in Bangalore, India is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India, according to its official website.

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