It is on September 15 that Kajaria Ceramics (KJC), one of the largest manufacturers of ceramics and vitrified tiles in India, will go ex-dividend ahead of its record date. As per fiscal year FY22, the company will pay a dividend of Rs.3 per equity share. There is a possibility that dividends will be paid before October 22. As a result of the ex-date, company stock was under pressure. Dalal Street shares have doubled in value over the last two years, however.
KJC shares settled at 1,179.05 per share on Tuesday, down by 13.85 or 1.16%. Despite a broader bearish market tone, the shares touched an intraday high of Rs.1192.80 before correcting. Mid-cap company’s current market value is about Rs.18774.31 crores.
Kajaria Ceramics dividend
The company announced a final dividend of ₹3 (300%) per equity share having a face value of Re 1 each for the financial year ended March 31, 2022.
On August 31, in its regulatory filing, KJC said, “The final dividend on equity shares @ Rs. 3 per equity share of Re1 each, as recommended by the Board of Directors, if declared at the AGM, will be paid on or before Saturday, October 22, 2022.
The eligible shareholders for the dividend benefit will be those whose name appears in the register at the end of business hours on Friday, September 16, 2022, which will be furnished by NSDL and CDSL.
Thereby, the shares will turn ex-dividend on September 15.
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