Gillette India Dividend 2024: The Board of Directors of of a midcap company had recommended a dividend of Rs 45 per equity share for the financial year ended June 30, 2024. The record date for the upcoming dividend is approaching near.
The company follows the July-June financial year.
The midcap company is a subsidiary of Procter & Gamble and is listed in the BSE 500 index. The company boasts a market cap of Rs 30,733.72 crore, as of November 14’s closing price.
The company under discussion is Gillette India. The company sells razors, blades, toothbrushes, shaving gel, shaving cream, aftershave, and other grooming and oral care products under brand names such as Gillette, Fusion5, Mach3, Guard3, 7O’Clock, and Vector.
Gillette India Dividend Record Date
The record date for a dividend is the cutoff date established by a company to determine which shareholders are eligible to receive the declared dividend. Since the Register of Members and Share Transfer books are closed from November 27, 2024, to December 3, 2024 (both days inclusive), the record date would typically be the day before the book closure starts.
Therefore, the record date for the dividend would be Tuesday, November 26, 2024. This is the last day shareholders need to be on the company’s books to qualify for the dividend.
Gillette India Dividend Payment Date
The dividend will be paid between December 3, 2024, and December 25, 2024, upon approval at the 40th Annual General Meeting.
The payment date refers to the period during which the approved dividend will actually be distributed to eligible shareholders. This period falls between the specified dates, meaning shareholders who are approved to receive the dividend will get their payments anytime during this window.
Gillette India Dividend History, Yield
Gillette India has a strong track record of rewarding its shareholders with dividends. For the calendar year (CY) 2024, the company declared an interim dividend of Rs 45 along with a special dividend of Rs 40. Prior to that, in CY 2023, the company distributed an interim dividend of RS 35 and a final dividend of Rs 50.
In 2022, the razor-seller declared an interim dividend of Rs 33 and a final dividend of Rs 36.
At the current share price, Gillette India’s dividend yield comes at 1.43 per cent.
Gillette India Share Price
Gillette India shares on November 14 closed at Rs 9,431.80 per share, down 1.61 per cent against its previous close. The stock is currently trading at a discount of 11.3 per cent from its all time high of Rs 10,633.45 apiece.
From its 52-week lof of 5,949.50 per share, the stock is now up 58.5 per cent.
