200% Dividend Declared: Liquor Firm Announces Bumper Dividend After Revising Record Date; Stock Up 2%

United Spirits Dividend: Leading breweries and distilleries company United Spirits, on Thursday, declared a 200% dividend for its eligible shareholders for the financial year 2024-25. The company scrip was trading 2% higher at Rs 1396.80 apiece on BSE during intraday trading on Thursday.

United Spirits dividend announcement brought cheers a day after the company sparked concern among traders by revising its dividend record date. United Spirits dividend record date was revised to 3 April, 2025.

United Spirits dividend announcement

United Spirits declared an interim dividend of Rs 4 per equity value of Rs 2 each, which is equal to 200% dividend for eligible shareholders. "The Board of Directors of the Company at their meeting held today i.e., Thursday, 27th March 2025 has inter alia approved the payment of interim dividend of INR 4 per equity share (face value Rs. 2/- each) for the financial year ending 31st March 2025," the company said in its stock exchange filing on Thursday.

United Spirits Dividend record date

The liquor and distilleries company had revised the record date to Thursday, 3 April. Record date is the date fixed by a company or a listed firm to finalise the eligibility of its shareholders to avail the benefit of corporate announcements like dividend payment, stock split, etc.

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United Spirits Dividend payment date

The dividend announced will be paid on or after 21 April 2025. The dividend amount and other details were announced after the board of directors meeting concluded at 11 am today.

United Spirits dividend: How to be eligible for payout?

To become eligible for United Spirits dividend for FY25, traders are required to own the company shares on or before the record date, ie April 3. As per firm's BSE filing, "dividend shall be paid to the shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Thursday, 3rd April 2025"

United Spirits share price trend

The company's share price has surged over 4.6% in last one month. United Spirits' stock hit its 52-week-high mark of Rs 1,700 apiece on BSE on 13 January, 2025. Whereas, the company stock touched its 52-week low mark of Rs 1,112 per share on BSE on 4 April, 2024.

United Spirits Limited appoints Praveen Someshwar as MD and CEO

In a separate BSE filing, the alcoholic-beverage maker United Spirits Limited (USL), announced the appointment of Praveen Someshwar as its Managing Director and Chief Executive Officer (MD & CEO). Praveen Someshwar will serve his tenure as United Spirits MD and CEO for five years, starting from 1 April.

With over three decades of experience, Someshwar has led companies linked to the media and FMCG industries. The dynamic business leader is also committed to driving change and has served as the MD and CEO of HT Media, where he led various digital, print and radio outlets. Before that he enjoyed over more than two decades of career at PepsiCo where he held various General Management, Finance, and Strategy roles across India and the Asia Pacific region.

At PepsiCo, he had served as the CEO of India Foods and also led South Asia BEverages market. He was the driving force behind the company's expansion into low sugar and juices market across India, Bangladesh, Nepal, Bhutan and Sri Lanka.