Grasim Industries dividend: Company announces 500% payout

Grasim Industries dividend: Grasim Industries – an Aditya Birla Group company – announced a dividend of Rs 10 per ordinary share — a 500 per cent payout given the face value of Rs 2 per share. 

"Recommended a dividend of ₹ 10/- (Rupees Ten Only) per equity share (of face value of ₹ 2 each) for the financial year ended 31st March 2023, subject to the approval of shareholders at the ensuing Annual General Meeting ("AGM") of the Company," the company's regulatory filing said.

Grasim Industries Q4 results

Grasim Industries reported a net profit of Rs 93.5 crore for the quarter ended March 2023, falling short of analysts' estimates by a wide margin. Read more 

Grasim Industries dividend history

Source: NSE

Grasim Industries share price NSE, Grasim Industries share price history 

Grasim Industries shares finished up 0.96 per cent or Rs 16.25 at Rs 1,685.1 apiece on NSE. The stock emerged as one of the top losers in the Nifty basket. Grasim Industries's stock has given a positive return of nearly 21 per cent in the last year (May 26, 2022). In comparison, the headline index Nifty 50 has rallied over 13 per cent.

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