News: Akzo Nobel’s Dividend 2024: The Dulux Paints manufacturing company is spreading cheer among its shareholders by announcing a dividend of Rs 50 per share. Along with this, their December quarter results have also impressed.
Today’s stock market saw a bright spot with Akzo Nobel India Limited, the company behind Dulux Paints, announcing a dividend of ₹50 per share and revealing strong quarterly results. After a period of stagnation, Akzo Nobel India’s shares surged by 7.35%, with a remarkable 12.5% return over the past week. Let’s delve into the details of the dividend declaration and quarterly performance to grasp the full picture of Akzo Nobel India’s shares.
On Tuesday, Akzo Nobel India’s shares closed at Rs 2729, but on Wednesday, they opened higher at Rs 2752. The shares quickly rose to a maximum of Rs 3076.40 before settling at 2936.95 by day end, marking a significant 7.62% increase from the previous day.
Akzo Nobel India Limited has announced a dividend of ₹50 per share, translating to a significant return of 500% for shareholders. Shareholders holding 1 share will receive ₹50, while those holding 10 shares will receive ₹500, and so forth.
The company has set the record date for the dividend as February 16, 2024. Shareholders must hold their shares in their demat accounts until this date to qualify for the dividend. Additionally, the dividend amount will be credited to shareholders’ demat accounts within 30 days from February 6, 2024, ensuring timely distribution of returns.
Akzo Nobel India Limited specializes in manufacturing, selling, and distributing colors and related products. Its diverse portfolio includes:
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The company’s December quarter results are promising:
While Akzo Nobel India Limited continues to deliver solid financial performance and attractive dividends, its stock performance reflects both positive and negative aspects that investors should consider.
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