Dixon dividend 2024: Tech company announces Rs 5/share dividend alongwith Q4 results

The board of directors of Dixon Technologies on Wednesday, May 15, recommended a dividend of Rs 5 per equity share for FY24, according to a stock market disclosure. 

"Recommendation of Final dividend on the Equity Shares of the Company for the Financial year 2023-24 at the rate of Rs. 5/- per Equity Share of the face value of Rs. 2 each, out of the profits of the Company. The dividend, if approved by the members of the Company at the ensuing 31st Annual General Meeting ("AGM"), will be credited/ dispatched within 30 days from the date of AGM," Dixon Tech said in a BSE filing.

Dixon Tech has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement. The tech company's consolidated revenue from operations stood at Rs 4657.97 crore, from Rs 3065.45 crore in the year-ago quarter, registering a growth of 51.97 per cent.

It reported a consolidated net profit of Rs 97.3 crore for the March quarter of FY24, registering a growth of 20.6 per cent, from Rs 80.62 crore last year.

Meanwhile, shares of Dixon Tech closed at Rs 8,096 each, up 0.41 per cent on BSE today, May 15.