Share India Declares 20% Interim Dividend in FY25, Know Record Date

Share India shares are one of the dividend stocks in India whose dividend amount in one year is similar to a bank fixed deposit (FD). In the year or FY24, Shares India declared four dividends of ₹2, ₹4.50, ₹3.00 and ₹3.00, as the stock was available at around ₹240 per share a year ago. Share India's net dividend yield is around 5.50 per cent per annum, which is about the same as most bank FD interest.

The board of directors of the brokerage company has declared the first interim dividend for FY25. The board had declared an interim dividend of ₹0.40 per share, which is 20 percent of the face value of Share India shares. The announcement was made after the company's board meeting on Thursday. The brokerage firm has fixed August 2, 2024 as the record date for finalizing the payment of this interim dividend to the eligible shareholders.

While informing the Indian stock market exchanges about the interim dividend, the brokerage firm said, “We are pleased to inform you that in the meeting of the board of directors of the company held today i.e. on July 25, 2024, inter alia, the first interim announcement was made. Rs. 2 on each equity share of face value of Rs. A dividend of 0.40 (forty paise only) will be paid.

Share India dividend record date

“Further, Friday, August 2, 2024, has been fixed as the record date for the payment of the 1st interim dividend for the financial year 2024-25 as well as for the purpose of ensuring the eligibility of the shareholders for the final dividend for the financial year. 2023-24, if approved by the shareholders in the next annual general meeting of the company,” the company said.

Dividend yield is as much as bank FD in FY24

As mentioned above, Share India's dividend declared in one year or FY24 is ₹12.50 per share. A year ago Share India's share price was around ₹240. So, if a shareholder of Share India holds the scrip for one year, the net dividend earned on his shareholding will be around 5.50 per cent, which is almost equal to the fixed deposit interest rates offered by most Indian banks over this time frame.

Share India Securities Q1 Results 2024

In Q1FY25 (available in exchange filings), Share India Securities reported a significant 51 percent increase in consolidated total revenue, which reached ₹421 crore. The company's stand-alone operations showed more impressive results, with significant margin improvement, a 59 per cent growth in total revenue, amounting to ₹331 crore.