Dividend Alert: IPL Team Sunrisers Hyderabad (SRH) Owner’s Board Meeting to Consider Dividend
Sun TV Network Limited has scheduled a board meeting on March 7, 2025, to deliberate on declaring an interim dividend
Sun TV Network Limited, the owner of IPL franchise Sunrisers Hyderabad (SRH), has announced a board meeting set for March 7, 2025. The primary agenda of the meeting is to consider and approve the declaration and payment of an interim dividend for the financial year 2024-25. Investors and market participants closely watch the upcoming board decision, as dividend announcements often impact stock movement.
Dividend History for FY24-25
Sun TV Network Limited has declared dividends four times for the current financial year, totaling Rs 15.50 per share. The previous interim dividends declared by the company are as follows:
- April 8, 2024 – Rs 3.00 per share
- August 20, 2024 – Rs 5.00 per share
- November 26, 2024 – Rs 5.00 per share
- February 13, 2025 – Rs 2.50 per share
The company's dividend payout ratio stands at 34.3 per cent, and the dividend yield is currently 2.95 per cent.
As of 11:09 AM, Sun TV Network Limited trades at Rs 564 per share, with a market capitalisation of Rs 22,209 crore. Over the past year, the stock has declined by 8.02 per cent. However, it has delivered a 29.01 per cent return over three years, indicating a resilient long-term performance despite short-term fluctuations.
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The stock’s 52-week high stands at Rs 921.60, while its 52-week low is Rs 550.25. With a price-to-earnings (PE) ratio of 12.7, Sun TV Network Limited presents a moderate valuation compared to its industry peers.
Founded in 1985 as Sumangali Publications Private Limited, the company was later renamed Sun TV Network Limited. The flagship channel, Sun TV, was launched in 1993, marking the company's expansion into the television broadcasting industry. Over the years, Sun TV Network has diversified its operations into radio, digital content, and film production, solidifying its position as a key player in India's media landscape.
Besides its media business, Sun TV Network Limited owns Sunrisers Hyderabad (SRH), a franchise in the Indian Premier League (IPL). The company’s association with the sports industry has further strengthened its brand visibility and engagement with a broader audience.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.