This share doubled its value in one year, now you will get a dividend of Rs 4.75.

New Delhi. Textile manufacturing company Arvind Limited has declared a final dividend of Rs 3.75 per share and a special dividend of Rs 1 per share to investors. That means investors will get Rs 4.75 per share. The company said on Saturday that the dividend record date has been set for July 19. The dividend will be paid on or after August 6. Shares of Arvind Limited closed at Rs 390.7, up over one per cent on Friday. Share of Arvind Limited is Multibagger Share. This stock has given investors a return of 183% in one year.

Shares of Arvind Limited have given a return of 352% in 3 years. So far in the year 2024, the stock has returned 49%. Along with this it has given 29% profit to the investors in 3 months. The stock has gained 13% in one month. The company’s sales in the March quarter rose 10 percent to Rs 2,074 crore compared to last year. Profit grew by 2 percent to Rs 99 crore on a year-on-year basis.

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FIIs have also invested money.
Arvind Limited has a market capitalization of ₹ 10,233.68. In the March quarter, promoters’ share in the company was 41.13 percent and public holding was 28.91 percent. Foreign investors have also invested in this stock and FIIs have a 15.14% stake. Domestic institutional investors hold 14.8 percent of the shares.

What is a record date?
Which investor gets the benefit of a corporate action and who doesn’t is determined by the record date. The record date is the date on which only investors registered as shareholders in a company receive the benefits of that corporate action.

That is, if you want to get the bonus or dividend benefit, you must trade the shares before X date so that the shares are registered in your name by the record date. Keep in mind that investment is not made only in the name of dividend declaration. However, if the stock is confident of further growth and one intends to invest, then the dividend can be availed with the investment before the record date.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

Tags: business news, Money making tips, Multi bagger stock, Stock market