JK Paper Dividend & Q3 Result: Paper manufacturing company released dividend of Rs 3.5 and quarter result

News: JK Paper, a leading paper manufacturing company, recently announced its dividend for 2024 and released its Q3 results. The company declared a dividend of Rs 3.5 per share on February 7, 2024. Despite the recent stock market slowdown, JK Paper Limited saw an increase in its stock value.

On Tuesday, JK Paper shares closed at Rs 407.35 and opened at Rs 410.25 on Wednesday, reaching a peak of Rs 417.50 during the day. The shares closed at Rs 414.00 by the end of the trading session, marking a growth of 1.63%.

Performance Highlights:

• Daily growth: 1.63%
• One-month return: 4.4%
• Six-month return: 25.1%
• Two-year return: 72%
• Five-year return: 203%
• Ten-year return: 1323%
  Despite recent stagnant growth, JK Paper shares have historically performed well.

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Dividend Details:

• Dividend per share: Rs 3.5
• Record date: February 16, 2024
• Shareholders must hold their shares until this date to qualify for the dividend.

About JK Paper Limited:

JK Paper Limited specializes in manufacturing various types of paper and paperboard products, including:

• Office documentation paper
• Uncoated paper and board
• Coated paper and board
• Packaging board

Q3 Results 2024:

• December 2023 revenue: Rs 1706 crore
• December 2023 net profit: Rs 236 crore
• Expenses increased in the December quarter, leading to a decline in profits compared to previous quarters.

Shareholding Pattern:

• Promoters: 49.63%
• Public: 50.37%
• FIIs: 10.75%
• DIIs: 3.37%
• Non-institutions and retail investors: 36.25%

While JK Paper Limited has faced stagnant growth in recent years, its long-term performance has been steady, with a 36.4% CAGR profit growth over the last five years. Consider seeking advice from a financial advisor before investing in JK Paper shares for the long term, as they may not be suitable for short-term gains.