“We are pleased to inform you that the Board of Directors of the Company at its Meeting held on August 28, 2024, have recommended a final dividend of Rs. 95 per equity share of face value of Rs. 10 each for Company’s Financial Year 2023-24, which will be paid to shareholders, subject to the approval of the shareholders at their Annual General meeting to be held on November 25, 2024,” the company had said in a previous exchange filing.
This means that today is the last day to buy the shares of the company in order to be eligible for the said dividend as the stock will start trading ex-dividend from tomorrow.
Dividends are paid to shareholders whose names appear in the company’s database on the record date. After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.
The shares of P&G Hygiene have fallen by 11.5% in the last one year and by 9.4% in the current year so far. Even in the short-term, the stock has decreased by 6.3% in the last 3 months and by 4.6% in the last month, according to the data available on the BSE analytics.P&G Hygiene shares closed nearly 1% higher at Rs 15,736.95 on the BSE on Thursday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
