SUN TV NETWORK LTD Dividend 2024, Record Date, Share Price, History

News: Sun TV Network Limited, a prominent player in the Indian media and entertainment industry, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of Sun TV Network’s dividend, including the record date, share price, and historical context.

What Is a Dividend?

Before we dive into specifics, let’s understand what a dividend is. A dividend is a portion of a company’s profits that it distributes to its shareholders. It’s like a little bonus for being a part-owner of the company!

Sun TV Network’s Dividend Announcement

For the financial year ending March 2024, Sun TV Network has declared an equity dividend of 50%, which translates to Rs 2.50 per share. This means that if you own Sun TV Network shares, you’ll receive Rs 2.50 for each share you hold.

Record Date and Ex-Dividend Date

The record date for this dividend is 23rd February 2024. If you own Sun TV Network shares on or before this date, you’ll be eligible to receive the dividend. However, if you buy shares after this date, you won’t get the dividend for this financial year.

Share Price and Historical Context

As of now, Sun TV Network’s share price stands at Rs 621.30. Keep in mind that share prices can fluctuate based on market conditions, investor sentiment, and company performance.

Why Dividends Matter

Dividends are essential for investors. They provide a steady stream of income, especially for long-term shareholders. Whether you’re a seasoned investor or just starting out, understanding dividends is crucial for making informed investment decisions.

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About SUN TV NETWORK LTD :

Sun TV Network Limited, headquartered in Chennai, Tamil Nadu, India, is a prominent Indian media conglomerate. Let’s explore some key details about this influential company:

1. Founding and History:

• Sun TV Network was established on 14th April 1993 by Kalanithi Maran.

• It is a part of the Sun Group and ranks among Asia’s largest TV networks.

• The company owns and operates a variety of television channels in multiple languages and radio stations.

2. Television Channels:

Sun TV Network currently manages 33 TV channels across various Indian languages:

• Tamil: Sun TV (General Entertainment), KTV (Movies), Sun Music (Music), Chutti TV (Kids), Adithya TV (Comedy), Sun News (News), Sun Life (Classic)

• Telugu: Gemini TV (General Entertainment), Gemini Movies (Movies), Gemini Music (Music), Kushi TV (Kids), Gemini Comedy (Comedy), Gemini Life (Classic)

• Kannada: Udaya TV (General Entertainment), Udaya Movies (Movies), Udaya Music (Music), Chintu TV (Kids), Udaya Comedy (Comedy)

• Malayalam: Surya TV (General Entertainment), Surya Movies (Movies), Surya Music (Music), Kochu TV (Kids), Surya Comedy (Comedy)

• Bengali: Sun Bangla (General Entertainment), Sun Bangla Cinema (Upcoming)

• Marathi: Sun Marathi (General Entertainment, Upcoming)

3. Financial Snapshot (as of FY23):

• Revenue: ₹3,772 crore (approximately US$470 million)

• Operating Income: ₹2,392 crore (approximately US$300 million)

• Net Income: ₹1,707 crore (approximately US$210 million)

• Total Assets: ₹7,777.68 crore (approximately US$970 million) in 2019

4. Sun Pictures:

• Sun Pictures, a film production and distribution company, is a part of Sun TV Network.

• It has produced notable films like Siragugal and the Rajnikanth-starrer Endhiran.

5. Sun Entertainment:

• Sun Entertainment is a television production company associated with Sun TV Network.

• It produces small-budget movies for Sun TV Direct TV Premier and co-produces web series for the Sun NXT OTT platform.

6. Global Reach:

SunTV Network’s channels are accessible in 27 countries, including the U.S.A., Canada, Europe, Singapore, Malaysia, Sri Lanka, South Africa, Australia, and New Zealand.

Sun TV Network’s dividend announcement is a positive sign for its shareholders. If you’re one of them, mark your calendar for the record date and keep an eye on your mailbox for that dividend check!

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