DSIJ Mindshare

Plastic product maker's shares hit a 20 per cent upper circuit at Rs 328 after declaring Rs 53 per share interim dividend for FY25, with November 27 as the record date.

A dividend is a distribution of a portion of a company's earnings to its shareholders. Dividends are typically paid out quarterly, but can also be paid annually or semi-annually. Not all companies pay dividends, but those that do typically do so because they have a steady stream of cash flow and are profitable.

The sum of dividends received over the past four years amounts to a substantial Rs 23 crore! 

According to the quarterly results, the net sales increased by 15.86 per cent to Rs 263 crore and the net profit increased by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 1.11.

Has a track record of being a dividend champion stock, having declared an equity dividend amounting to Rs 49.50 per share in the past 12 months. At the current share price of Rs 310.60, this results in a dividend yield of Rs 15.94 per cent.