Rs 11/Share Dividend: Mid Cap Stock To Go Ex-Dividend For 1100% Dividend Payment

Mid cap stock from the Credit Rating Agencies sector CRISIL shares will go ex-dividend tomorrow. Earlier this month on November 7, 2023, board of directors of CRISIL declared and approved an interim dividend of Rs 11 per equity share of the face value of Re 1 each for the financial year ending December 31, 2023.

The company fixed November 22, 2023 as the record date for interim dividend last month on October 31, 2023. Last trading price of CRISIL shares BSE is Rs 4254.70 per share with intraday gain of 0.57%. Check details below:

CRISIL Declares Interim Dividend: As per the BSE filing of the company as on November 7, "The Board of Directors has also approved the payment of third Interim dividend of Rs. 11 per equity share of face value of Re 1 each, for the financial year ending December 31, 2023, which will be paid on December 5, 2023."
CRISIL Stock Outlook & Return: Its 52-week high price is quoted at Rs 4451.00 per share and 52-week low price is quoted at Rs 2712.05 per share, respectively. CRISIL shares soared 45% in last 2-years and jumped 115% in last 3-years. In last 5-years, CRISIL shares offered return of 181%.

CRISIL Financial Results: As per the press release of the company, "CRISIL's consolidated income from operations rose 7.7% to Rs 735.9 crore in third quarter of 2023 (Q3 2023), compared with Rs 683.0 crore in the corresponding quarter of the previous year."

Consolidated total income was up 3.2% to Rs 771.8 crore in Q3 2023, compared with Rs 748.2 crore in the corresponding quarter of the previous year. Profit before tax increased 6.1 % to Rs 200.3 crore in Q3 2023, compared with Rs 188.8 crore in the corresponding quarter of the previous year. Profit after tax rose 2.8% to Rs 152.0 crore in Q3 2023, compared with Rs 147.9 crore in the corresponding quarter of the previous year.

CRISIL's consolidated income from operations for the nine months ended September 30, 2023, (year to date, or YTD 2023) was up 14.1 % to Rs 2,221 .8 crore, compared with Rs 1,946.5 crore in the corresponding period of the previous year. Consolidated total income was up 10.9% to Rs 2,292.9 crore in YTD 2023, compared with Rs 2,067.1 crore in the corresponding period of the previous year. Profit before tax increased 10% to Rs 588.9 crore in YTD 2023, compared with Rs 535.4 crore in the corresponding period of the previous year. Profit after tax increased 10.3% to Rs 448.3 crore in YTD 2023, compared with Rs 406.4 crore in the corresponding period of the previous year.

Amish Mehta, Managing Director and CEO, CRISIL Ltd, "We saw growth across our businesses. The global macroeconomic outlook and geopolitical uncertainties are impacting growth and discretionary spending by financial institutions. Global banking clients are staying focused on driving growth, regulatory spending and business transformation. The medium-term prospects for India remain healthy with infrastructure spending the key driver."

About: CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global footprint. It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, Singapore, and Australia.

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