Share India Announces 20% Interim Dividend for FY25: Record Date and 5.50% Yield in FY24

Share India is known for its good dividends, similar to what you’d earn from bank fixed deposits (FDs) in one year. In the financial year 2024 (FY24), Share India declared four dividends: ₹2, ₹4.50, ₹3.00, and ₹3.00, totaling ₹12.50 per share. A year ago, the stock was priced around ₹240 per share. This means the dividend yield was about 5.50%, comparable to the interest rates on bank FDs in India.

Interim Dividend for FY25

Recently, the board of directors of Share India declared the first interim dividend for the financial year 2025 (FY25). They announced a ₹0.40 per share interim dividend, which is 20% of the face value of Share India shares. This announcement was made after the board’s meeting on Thursday. The company has set August 2, 2024, as the record date to determine eligible shareholders for this interim dividend.

Official Announcement

Share India informed the stock market exchanges about the interim dividend, stating, “We are pleased to inform you that the Board of Directors of the Company at its Meeting held today, i.e., on July 25, 2024, has declared the first interim dividend of ₹0.40 per equity share having a face value of ₹2 each.”

Record Date

Additionally, the company announced, “Friday, August 2, 2024, has been set as the Record Date to determine shareholders’ eligibility for the payment of the first interim dividend for FY25 as well as the final dividend for FY24, if approved by shareholders at the upcoming Annual General Meeting of the Company.”

Dividend Yield Matches Bank FD in FY24

As mentioned earlier, Share India declared a total dividend of ₹12.50 per share in FY24. A year ago, Share India’s share price was around ₹240. Therefore, if a shareholder had held the stock for a year, they would have earned a dividend yield of around 5.50%, almost equal to the interest rates on bank FDs in India.