DLF dividend 2024: Realty major announces Rs 5 dividend, check payment date
DLF has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.
Realty major DLF Ltd's board of directors on Monday, May 13, recommended a final dividend of Rs 21 per equity share for FY24, according to a stock market disclosure. This is subject to the company's shareholders' approval.
"Recommendation of Dividend of Rs 5/- each per equity share (250 per cent) of the face value of Rs 2/- each for FY 2023-24, subject to the approval of the shareholders," the company said in a BSE filing.
The dividend payment date will be intimated in due course, the company further informed.
DLF has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.
The real estate company reported a 62 per cent increase in its consolidated net profit to Rs 920.71 crore in the quarter that ended March on higher income amid strong housing sales. Its net profit stood at Rs 570.01 crore in the year-ago period.
Read More: DLF Q4 earnings: Net profit up 62% to Rs 920.71 crore
Meanwhile, shares of DLF closed at Rs 838.25 each, up 1.15 per cent on BSE today, May 13.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.