Thanga Mayil Jewellery dividend: Board approves 60% payout

Thanga Mayil Jewellery dividend, Thanga Mayil Jewellery bonus: Board of Thanga Mayil Jewellery announced a dividend of Rs 6 per equity share of the face value of Rs 10, i.e., a 60 per cent to its shareholders. The company also recommended a bonus issue in the ratio 1:1 i.e., an additional share to be given to the shareholder for every one share held. 

"Board has recommended a final dividend of Rs.6 /- per equity share of Rs.10/-each (60%) subject to approval of members at the ensuing Annual General Meeting. An Interim dividend of
Rs.6/- per equity share of Rs.10/- each (60%) has already been paid during Feb, 2023 (Totaling to Rs.12/- per equity shares (120%)), the dividend will be paid / dispatched within 30 days of the Annual General Meeting," the company's filing read. 

"Board has recommended issue of Bonus shares at the ratio of 1:1 to the existing Shareholders as on the record date to be fixed after the ensuring AGM to be held on 24th July, 2023 duly approved by the Shareholders of the company," the company's filing added.

Thanga Mayil Jewellery dividend history

Source: NSE

Thanga Mayil Jewellery share NSE, Thanga Mayil Jewellery share price history

Thanga Mayil Jewellery shares on Monday gained over 15 per cent. At 2:36 PM, the stock quoted Rs 1,180, up by 4 per cent or Rs 45.4. Thanga Mayil Jewellery's stock has given a positive return of nearly 18 per cent in the last year (May 22, 2022). In comparison, the headline index Nifty 50 has rallied 13 per cent.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com