Buy Mid-Cap Cement Stock For 250% Dividend, Turning Ex-Dividend Tomorrow, Stock Is Near 52-Week Low

As an equity investor, you can use a few important criteria to determine how well an investment is performing and how much cash flow it is generating. The dividend yield is one of these variables that let investors understand how much a specific firm pays out in dividends concerning its stock price. It goes without saying that dividends are not the only way to profit from stock investments. However, it might be a useful indicator if you're seeking chances to earn a dividend or comparing businesses to invest in. Investors are paying attention to dividend stocks because the stock market is now so volatile.

Dalmia Bharat Ltd declared a final dividend last month, now, on 23 June 2022, the dividend is turning ex-dividend. Dalmia Bharat is a mid-cap cement company with a market capitalisation of Rs 229,52.66 Crore. Find more details below.

Dalmia Bharat's Declared Dividend & Record Date

The board of directors of the company held a meeting on May 09, 2022. In the meeting, the board of directors declared a final dividend of 250%. According to the board of directors filling to BSE, "Declared Final Dividend at the rate of Rs. 5/- (250%) per equity share on 18,73,68,673 equity share of Rs. 2/- each for the financial year ended March 31, 2022. The dividend, upon approval of the shareholders in the ensuing Annual General Meeting shall be paid to eligible shareholders."

Ex-Dividend Date & Record Date - Investors should note that the ex-dividend date of the dividend is 23 June 2022, and the record date is 25 June 2022.

Dalmia Bharat's Dividend History

The company maintains a good track record of dividends. Since 2019, the company has declared 5 dividends out of which, 2 are interim dividends & 3 are final dividends.

Announcement Date	Ex-Date	Dividend Type	Dividend (%)	Dividend (Rs)
09-05-2022	23-06-2022	Final	250.00%	Rs 5
27-10-2021	09-11-2021	Interim	200.00%	Rs 4
30-04-2021	21-09-2021	Final	66.50%	Rs 1.33
06-02-2020	17-02-2020	Interim	100.00%	Rs 2
10-05-2019	22-08-2019	Final	100.00%	Rs 2

Dalmia Bharat Stock Performance

The current market price (CMP) of the Dalmia Bharat is Rs 1,246.95/share on NSE. Today, it was opened at the previous close of Rs 1,258.20. The has hit the 52-week low at Rs 1,212,50/share on June 20, 2022. Currently, the stock is trading roughly Rs 34.42 above the 52-week low. The 52-week high of the stock is Rs 2,548.40/share. EPS of the stock is Rs 60.26. PE ratio is 20.41 and the PB ratio is 1.50.

In terms of return on investments, it has not fallen more than 30% in the last 1 year, 13.53% in the last 3 years. However, on 3 years of investment, it has discovered 14.51% of positive returns to investors.

Brokerage is Bullish on the Dalmia Bharat Ltd

Although the stock has not delivered good returns in the last 1 year, the brokerage is bullish on the stock. According to a brokerage report published on June 16, 2022, by the Axis Securities on the Dalmia Bharat, the stock has the potential to gain nearly 32% considering the estimated target price of Rs 1635/share and the CMP of the stock.

Company Outlook - Dalmia Bharat Ltd

Dalmia Bharat Ltd is one of India's first homegrown cement enterprises, it was established in 1939. The company has its headquarters in New Delhi and conducts business as Dalmia Cement (Bharat) Ltd, a wholly-owned subsidiary of Dalmia Bharat Ltd. Through its brand portfolio of three iconic brands, Dalmia Cement, Dalmia DSP, and Konark Cement, the company provides a variety of cement varieties.

The firm operates 14 cement plants and grinding facilities distributed across 10 states with a total manufacturing capacity of 35.9 MnT per annum (MTPA). The organisation currently provides services to more than 22 states and has more than 33,000 dealers and sub-dealers. It is a major presence in every area where it operates. The only business that has at least one plant in each of the four important eastern states of West Bengal, Bihar, Jharkhand, and Odisha is Dalmia Cement.

Disclaimer

The information has been sourced from NSE & BSE. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.