Large Cap FMCG Stock, Trading At 13% Discount, Sets Record Date For Dividend

Large cap FMCG stock, Gillette India Ltd has fixed February 9, 2023 as record date for interim dividend on Monday. The stock has a dividend yield of 1.39%. It had declared an equity dividend of Rs 69 per share for the year ending June 2022. The company has a market capitalisation of Rs 16,212.61 crore. Currently, the stock is trading at 17% discount from 52-week high level. Check key details below:

1. Gillette India Fixes Record Date To Pay Dividend

The company said in the BSE filing today, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 01, 2023, inter alia, to consider and approve Unaudited Financial Results for the Quarter ended December 31, 2022. We would like to further inform you that the Board at the said meeting, would also consider the declaration of interim dividend for the Financial Year 2022-23. The record date for payment of the Interim dividend, if declared at the Board meeting, will be Thursday, February 09, 2023."

2. Gillette India Stock Outlook & Return

The last trading price of the stock is Rs 4975 apiece with 52-week high at Rs 5700 apiece and 52-week low at Rs 4751 apiece, respectively. The zero-debt burden stock has declined 25% in last 5-years, 22% in last 3-years, and 6% in last 1-year.

3. Gillette India Dividend History

The company has a good dividend history and regularly declared dividend in the last 5-years. It has a dividend yield of 1.39% considering the current market price of Rs 4975 apiece, respectively. It announced an equity of dividend of 690% or Rs 69 apiece for the quarter ended June 2022.

4. Gillette India About

Gillette India Ltd previously known as Indian Shaving Products Ltd came into existence on February 09, 1984. It is engaged in manufacturing and selling of branded packaged fast moving consumer goods in the grooming and oral care businesses.

Its products are sold through retail operations including mass merchandisers grocery stores membership club stores drug stores department stores and high frequency stores.

Disclaimer

The stock gives details about record date fixed for interim dividend. Greynium Information Technologies and the author 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.