Dividend News 2023: Mold-Tek Packaging declares 80% dividend; check out record date, payment date

Mold-Tek Packaging on Wednesday declared a dividend of Rs 4 per equity share of face value of Rs 5 each — an 80 per cent payout.

Mold-Tek Packaging dividend: When is the record date?

The board of Mold-Tek Packaging — a Hyderabad-based maker of plastic packaging containers — has set April 21 as the record date for the dividend. 

Mold-Tek Packaging dividend: When will the dividend be paid to eligible shareholders?

The dividend will be paid to such shareholders on or before May 11, according to a regulatory filing.

What is a record date and what does it signify?

A record date is a date that determines the shareholders eligible to benefit from corporate action such as a dividend payout. Simply put, those holding the stock at the end of the trading hours on the record date will receive the dividend. 

(This story will be updated shortly)

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