CCL Products Dividend 2024 : Coffee manufacturing company will give 125% dividend, December result was also excellent

News: CCL Products’ Dividend for 2024: The coffee manufacturing company has announced a generous dividend of 125% for its shareholders on February 5, 2024. This news comes alongside an excellent performance in the December quarter, signaling positive growth for the company. Investors are reacting positively, with the stock showing an upward trend in the market. Let’s delve into the details of CCL Products’ dividend and quarter results.

The company’s Board of Directors convened on January 5, 2024, to discuss the dividend and quarter results, subsequently approving the dividend amount, record date, and the release of the December quarter results.

On Wednesday, CCL Products’ shares closed at 645.15 and opened at 647.90 on Thursday, reaching a high of 658.90. As of 1:00 pm, the stock was trading at its peak.

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Performance of CCL Products’ Shares:

• Over the last month, the company’s shares have yielded a 4% return, with 7% over six months, 20% over a year, and an impressive 1437% over a decade.
• The stock’s 52-week range extends from a minimum of Rs 531 on February 8, 2023, to a maximum of Rs 749.50 on July 14, 2023, reflecting a 41% return.

CCL Products’ Dividend:

• During the February 5, 2024 meeting, the company announced a dividend of 125%, amounting to Rs 2.50 per share, considering the face value of Rs 2 per share.
• The record date for the dividend has been set as February 5, 2024. Shareholders must hold their shares in a demat account until February 15, 2024, to qualify for the dividend.

CCL Products’ Dividend History:

• Since 2020, the company has issued dividends ten times, with amounts ranging from Rs 1.5 to Rs 3 per share.
• In February 2024, the interim dividend of Rs 2.5 marks the latest payout.

Business Overview of CCL Products (India) Limited:

• CCL Products (India) Limited specializes in the production, trading, and distribution of various types of coffee, including roasted, blended, and processed variants sourced from around the world.
• Its product offerings encompass instant coffee, roasted and ground coffee, premix coffee, and flavored coffee.
• The company primarily operates in India, Vietnam, and Switzerland, with subsidiaries including Continental Coffee Private Limited and others.

CCL Products’ Quarter Results:

• The company’s December quarter results reflect steady revenue growth, with net revenues increasing from Rs 535.30 crore in December 2022 to Rs 664.48 crore in December 2023.
• Despite a slight dip in net profit on a year-on-year basis, the company has shown an improvement in profit from the previous quarter.

While the performance of CCL Products’ shares over the past year may not be stellar, the company’s financials remain strong, supported by its consistent dividend payouts and healthy reserves. Investors should consider these factors when evaluating their investment decisions.