Textile Stock From Consumer Discretionary Sector: Rs 3 Dividend To Be Paid; Buy Before Record Date 18th July?

With a 15% market share in the Indian hosiery industry, Dollar Industries Limited is one of the top producers of branded outerwear and innerwear in India. With operations in all 29 states, the firm has a significant footprint throughout India. The production facilities of Dollar Industries are located in Ludhiana, Tirupur, New Delhi, and Kolkata. A major force in the Indian hosiery and clothing industry, Dollar Industries is renowned for its wide range of products and dominant market position.

Dollar Industries Dividend

"The Board of Directors has recommended for consideration of the Shareholders a dividend of Rs 3/- per Equity share of the nominal value of Rs 2/- each for the year ended 31st March, 2025. The Register of Members and Share Transfer books of the Company will remain closed from Saturday 19th July, 2025 to Friday 25th July, 2025 (both days inclusive), for the purpose of AGM and Dividend. The Dividend, if declared, will be payable on or after Friday, 25th July, 2025 to those Shareholders whose names are registered as such in the Register of Members of the Company as on Friday 18th July, 2025 and to the beneficiary holders as per the beneficiary list as on Friday 18th July, 2025 provided by the NSDL and CDSL, subject to deduction of tax at source where applicable," said Dollar Industries in its annual report for FY25.

Dollar Industries Dividend Record Date

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015, please be informed that the Company has fixed Friday, 18th July, 2025 as the cut-off date for determining entitlement of members to dividend for FY 2024-25. The Register of Members and Share Transfer Books of the Company will remain close from Saturday, 19th July, 2025 till Friday, 25th July, 2025 (both days inclusive) both for the purpose of 32nd AGM and also for the payment of dividend for FY 2024-25," Dollar Industries informed stock exchanges on 3rd July, 2025.

Dollar Industries Dividend History & Yield

The firm has consistently issued dividends, indicating a steady approach to shareholder returns, according to data from Screener.in and the BSE. Dollar Industries has maintained the payout since 2017 and recently announced a final dividend of Rs 2 per equity share in FY24. The company's payout policy has historically been modest but consistent, with yearly payments ranging from Rs 1 to Rs 2 per share. Dollar Industries now offers a dividend yield of about 0.80%, which is less than the average for the textile and apparel sector, which, according to Screener.in, normally runs between 1.2% and 2%.

Dollar Industries Share Price Target

"DOLLAR is currently trading at the levels of 379, the stock is in a clear downtrend on the daily chart, forming a descending channel pattern. The stock has been making lower highs and lower lows, indicating sustained selling pressure. Recently, it attempted a minor pullback but faced resistance near the short-term moving averages. Immediate resistance lies around the 388-390 zone, while support is seen at 365, followed by a critical level near 345," commented Mandar Bhojane - Equity Research Analyst at Choice Broking.

"The Relative Strength Index is currently showing weak momentum but is attempting to recover from the oversold territory. The price continues to trade below key exponential moving averages, suggesting that the broader trend remains bearish with no strong reversal signals yet. In conclusion, the stock remains under pressure despite short-term bounces. Traders should approach with caution and wait for a decisive breakout above resistance zones for confirmation of any trend reversal, while existing investors may consider staying on the side-lines until more strength emerges," the analyst further added.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.