Mid-Cap FMCG Stock Declares Solid Dividend Of Rs 36 Per Share

Gillette India Ltd came into existence on February 9, 1984. Earlier, it was known by the name of Indian Shaving Products Ltd. The FMCG company is involved in the production and selling of packaged fast moving consumer goods in the grooming and oral care business. The products of Gillette India are sold via retail operations.

Recently the stock has announced equity dividend for shareholders. Check the details pertaining to dividend amount and stock outlook:

Gillette India Ltd To Pay Dividend Of Rs 36 Per Share

The board of directors of the company in its regulatory filing said, "We are pleased to further inform you that the Board of Directors of the Company at its meeting held today, inter alia, have recommended a dividend of Rs. 36 per Equity Share (Nominal Value of Rs. 10/- each), for the Financial Year ended June 30, 2022. The divided shall be paid between November 25, 2022 to December 16, 2022, on approval of the Members at the 38th Annual General Meeting."

Gillette India Ltd Dividend History

The company has been maintaining a good dividend history and regularly declared dividend in the last 5 years. It is worth noting that Gillette India announced an equity dividend of 1190% or Rs 119 per share for the year ending June 2021.

Gillette India Ltd Dividend Yield

It has a dividend yield of 2.17% if the current market price of the stock Rs 5489 is taken into consideration.

Gillette India Ltd Market capitalization

The mid-cap company has a market capitalization of Rs 17,867.45 crore at the time of writing the story.

Gillette India Ltd Stock outlook

The current market price of the stock is Rs 5483 apiece and it has fallen 0.38% so far in today's trading (10:55 am).

Gillette India Ltd 52 week high/low

The stock has climbed a 52-week high of Rs 6270 apiece and a 52-week low of Rs 4751 apiece, respectively.

Gillette India Ltd Return

The stock has given a return of 4.89% in 1 week and 12% return in 3 months. The stock has fallen 7% in 1 year, 21% in 3 years, and surged 4% in 5 years.

Gillette India Ltd About

Gillette's story is a relentless quest for perfection. It encompasses a passion for science and technology. But first and foremost, it is about shaving, according to the official website of the company. King C. Gillette has the revolutionary idea of disposable blades so thin and so strong they were deemed impossible to forge by MIT-trained scientists. By 1901, he'd proven them wrong with his breakthrough innovation, as per the website.