Renowned brand "Jockey" owing Company declares an interim dividend of Rs 250 per share; in the past 12 months, the company has declared dividends amounting to Rs 845 per share!

Stock has jumped by a healthy 9.25 per cent in the last one week. The dividend stock has delivered impressive returns of 34.69 per cent in the six months.

Jockey maker Page Industries Ltd recently announced its Q2 results reporting an 11 per cent YoY growth in its revenue. On Friday, the dividend stock closed at Rs 47,987.80 per share, up 2,882.30 points or 6.39 per cent against the previous close of Rs 45,105.50 per share.

The Board of Directors of the Company at their meeting held on 7 November 2024 has declared 2nd Interim Dividend 2024-25 of Rs 250/- per equity share. The record date fixed for the payment of interim dividend is 16 November 2024 and the stock will trade ex-date on November 14, as per BSE. The date fixed for payment of dividend is on or before 6 December 2024.

Dividend History of Page Industries

Page Industries Ltd has declared 67 dividends since August 27, 2007. In the past 12 months, the company has declared an equity dividend amounting to Rs 845.00 per share. At the current share price of Page Industries Ltd.'s dividend yield is 1.15 per cent.

Source: BSE

Comparing Net Profit Growth Vs Dividend Growth

Source: Screener.in

The company’s net profit growth has fluctuated over the years, with notable highs in FY18 and FY22 but dips in FY20 and FY24. Dividend growth has similarly varied, showing major increases in FY19 and FY21 but sharp drops in FY20 and FY23. The dividend payout ratio (DPR) was stable until FY18 but surged in FY19 to over 100 per cent, meaning dividends exceeded profits. Although DPR later declined, it remains relatively high.

The company's strong financial health and ability to generate sustainable profits allow it to pay consistent dividends. The company is leveraging tax benefits where dividends are often taxed at lower rates than capital gains, making them an attractive way for investors to earn returns. The company also saves on tax reducing its effective tax compared to its peers. Regular dividend distributions create positive market sentiment around the company.

As per BSE, as of November 11, Page Industries’ stock has jumped by a healthy 9.25 per cent in the last one week. The dividend stock has delivered impressive returns of 34.69 per cent in the six months.

In the Quarterly Results of Sep-24, the company reported revenue of Rs 1,246.27 crore, reflecting a 10.77 per cent growth year-over-year from Rs 1,125.13 crore in Sep-23 but a decline of 2.45 per cent quarter-over-quarter from Rs 1,277.52 crore in Jun-24. Net profit increased to Rs 195.26 crore, up by 29.93 per cent year-over-year from Rs 150.28 crore in Sep-23 and 18.18 per cent quarter-over-quarter from Rs 165.22 crore in Jun-24. The net profit margin for Sep-24 was 15.67 per cent, higher than 12.93 per cent in Jun-24 and 13.36 per cent in Sep-23.

For the fiscal year comparison, FY24 revenue stood at Rs 4,581.67 crore, marking a decrease of 2.81 per cent from Rs 4,714.19 crore in FY23. Net profit for FY24 was Rs 621.03 crore, a slight increase of 1.31 per cent from Rs 549.23 crore in FY23. The net profit margin rose marginally, standing at 11.99 per cent in FY24, compared to 11.81 per cent in FY23.

Investors should keep eye on this Large-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.