Dividend Likely On Feb 27: Mid Cap Diversified Company Issues Record Date

Mid cap diversified sector company DCM Shriram Limited shares settled in red on Wednesday with the decline 0.54% to Rs 969.45 apiece. DCM Shriram shares declined 6% year-to-date and gained 12% in last 1-year.

The company informed via its BSE filing dated February 21, 2024 about its upcoming meeting of Board of Directors to consider proposal of declaration of interim dividend. The company fixed March 6, 2024 as the record date for interim dividend. Check details below:

DCM Shriram To Consider Interim Dividend: As per the regulatory filing of the company dated Feb 21, "meeting of Board of Directors of the Company is scheduled to be held on February 27, 2024 to consider, inter-alia a proposal of declaration of Interim Dividend on Equity shares of the Company for the financial year 2023- 24. Further, Record Date for such Interim Dividend, if declared, would be March 6, 2024, and the Interim Dividend, if declared, will be paid to such Members, whose names appear on the Register of Members and list of beneficial owners, as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the said record date."

DCM Shriram Shares Performance & Return: The 52-week high price of DCM Shriram shares on BSE is Rs 1175.00 apiece and 52-week low price is Rs 730.05 apiece, respectively. Its market capitalisation is Rs 15,117.83 crore. DCM Shriram shares offered return of over 7% in last 6-months, fell more than 3% in last 2-years, and gained 109% in last 3-years. In last 5-years, DCM Shriram stock zoomed 170%.

About: DCM Shriram Ltd. is a leading business conglomerate with a group turnover of Rs 7,771 crores. DCM Shriram has manufacturing facilities of Fertilizer, Chlor-Vinyl & Cement in Kota (Rajasthan) and of Chlor-Alkali in Bharuch (Gujarat). The company operates coal-based captive power, facilities - in Kota and Bharuch rated at 263 MW. The Urea plant in Kota has a production capacity of 379,500 TPA & a combined Chlor-Alkali capacity of 1845 TPD in Kota & Bharuch. DCM Shriram Sugar factories are located in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh, with a combined installed capacity of 41,000 TCD (tonnes crushed of sugarcane daily) and a power-generating capacity of 166 MW.

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