Dividend Stock: Baba Ramdev's company announced 300 percent interim dividend, know detailed information including record date

Patanjali Foods Ltd. announced the dividend after the market closed. In simple words, the share given to the investors in the total profit of the company is called as dividend. Dividends are paid on a per share basis. That is, the more shares an investor owns, the higher the dividend amount will be. An investment in a company with a consistently good dividend record is considered safe.

The company has given a dividend of Rs 6 per share of 300 per cent i.e. face value of Rs 2. In simple words, the company has given a dividend of Rs 6 per share. This is the second largest dividend paid by the company. The record date has been fixed on March 21. Whose account will also have shares till this date. Only they will get the benefit of the dividend.

Earlier the company had paid the largest dividend in the history of the company in September 2023. Dividend of Rs 5 in September 2022 and Rs 2.4 per share in 2007 was given.

An interim dividend of Rs 6 per share was approved

In the information provided to the stock market, Patanjali Foods said that an interim dividend of Rs 6 per share has been approved in the board meeting. According to the company's filing, the board meeting started at 5 pm and ended at 5.50 pm. It may be noted that Baba Ramdev's company also announced a dividend of Rs 6 in September 2023. Baba Ramdev while explaining his business plan for the year 2023 said that he has prepared a vision document to become the largest company in the FMCG sector in the next five years.

While the company's net profit fell in Q3, operating profit also fell.

Patanjali Foods' net profit for the third quarter of the current financial year stood at Rs. 269.2 crores down to Rs. 216.5 crores. The company's operating income was down by 0.2 percent. Annually it is Rs. 7926.6 crores down to Rs. 7910.7 crores. The company's operating profit fell by 6.5 percent in the October to December quarter. This Rs. 344.1 crores. In the same period of last financial year it was Rs. 367.9 crores.

Shares of Patanjali Foods fell 3.84 percent on Wednesday to Rs. was closed at 1325. At the same time, shares of Patanjali Foods have lost 15.20 percent in the last five days. At the same time, shares of Patanjali Foods have returned 1.08 percent in the last six months and 39.12 percent in the last one year. The market capitalization of Patanjali Foods is 48.67 thousand crore rupees.