Shareholders will get a dividend of Rs 20
VST Tillers Tractors, a manufacturer of power tillers used in farming, released its financial results for the financial year 2023-24 on May 9, 2024. While releasing the financial results, the company had recommended a dividend of Rs 20 for every share with a face value of Rs 10 for the shareholders.
Dividend will be paid after approval of members in AGM
The company had said that this would be the final dividend to be given for the financial year 2023-24. The company had said in its financial report that the dividend money would be given to the shareholders only after the payment of dividend is approved in its 56th AGM.
When will the dividend money come into the investors’ bank accounts
VST Tillers Tractors informed the stock market exchange on August 28 that the 56th Annual General Meeting of VST Tillers Tractors is going to be held on Thursday, September 19. If the payment of dividend is approved by the members in this meeting, then the dividend money will be transferred to the bank accounts of the shareholders on or after September 19. The company said that the record date for this final dividend to be given for the financial year 2023-24 has been fixed on September 12.
A big drop is being seen in the company’s shares on Friday
The company’s shares are seeing a decline on Friday. At 10.02 am, the company’s shares were trading at Rs 4182.00, down 0.56 percent (Rs 23.50). The company’s shares are currently trading below their 52 Week High. The 52 Week High of VST Tillers shares is Rs 4,474.00. According to BSE data, the company’s current market cap is Rs 3,610.67 crore.
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