NICCO PARKS & RESORTS LTD Dividend 2024, Record Date, Share Price, History

News: Nicco Parks & Resorts Ltd., a well-known name in the leisure and entertainment industry, has recently declared its dividend for the year 2024. In this article, we’ll explore what this means for investors, the significance of the record date, and delve into the company’s historical performance.

Dividend Announcement

For the fiscal year ending March 2023, Nicco Parks & Resorts has declared an equity dividend of 165.00%, amounting to Rs 1.65 per share. This is great news for shareholders, as it reflects the company’s commitment to rewarding its investors.

Understanding Dividends

What is a dividend? A dividend is a portion of a company’s profits distributed to its shareholders. It’s like a little bonus for being a part-owner of the company.

Why do companies pay dividends? Companies pay dividends to share their profits with investors and maintain investor confidence. It’s a way of saying, “Thank you for believing in us!”

The Record Date

1. The record date is crucial. It’s the date on which a company identifies its shareholders who are eligible to receive the dividend. If you own shares on or before this date, you’re in luck!

2. For Nicco Parks & Resorts, the record date for the third interim dividend of Rs 0.20 per share is 23rd February 2024. So mark your calendars!

Share Price and Yield

1. The current share price of Nicco Parks & Resorts stands at Rs NT (as of the latest data).

2. The dividend yield is a measure of how much dividend income you’ll receive relative to the share price. Nicco Parks & Resorts’ dividend yield is approximately 0.95%.

Historical Perspective

1. Nicco Parks & Resorts has a dividend-paying history dating back to November 19, 2001. Over the past 12 months, it has consistently declared an equity dividend of Rs 1.55 per share.

2. Investors can find comfort in the company’s commitment to rewarding them over time.

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About NICCO PARKS & RESORTS LTD :

Nicco Parks & Resorts Ltd. (NPRL), the company behind Eastern India’s first theme-based amusement park, was incorporated on March 17, 1989. It operates Nicco Park, a sprawling 40-acre amusement park in Kolkata, which was inaugurated on October 13, 1991. Here are some key points about NPRL:

1. Joint Sector Company: NPRL is a joint sector company with Nicco Corporation (a business conglomerate worth Rs. 5000 million) and the Government of West Bengal, represented by West Bengal Industrial Development Corporation (WBIDC) and West Bengal Tourism Development Corporation Limited (WBTDC).

2. Securities Listing: The company’s securities are listed on various stock exchanges. Since 1994, NPRL has consistently paid dividends to its shareholders after floating public issues and getting listed on the Mumbai and Kolkata stock exchanges.

3. Quality Certifications:

NPRL achieved the distinction of obtaining ISO 9001 quality management certification from a renowned European certifying authority. It was the first amusement park in India to do so.

The park also received international certifications:

• ISO-14001 for environment management (the first time in India).

• OSHAS-18000 for safety management (the first time in Asia).

• SA-8000 social accountability certificate (the first in the world).

4. Educational Entertainment and Recreation:

• NPRL’s aim is to provide educational entertainment and complete recreation for the entire family.

• Nicco Park offers a variety of attractions, including entertaining rides, an international standard indoor sports complex (with bowling, pool, and air hockey), and a food court with cuisines from leading restaurants in Kolkata.

5. Technical Consultancy and Rides Supply:

• NPRL is well-known for providing technical consultancy and manufacturing and supplying rides for large amusement parks in India and abroad.

• It has set up 7 amusement and water parks in India and a water park in Bangladesh.

• NPRL also supplies rides and attractions to international locations such as the UK, Europe, Dubai, and Japan.

6. Future Projects:

• NPRL is currently developing new projects in Bangladesh and the UK.

Nicco Parks & Resorts’ dividend announcement is a positive sign for investors. Whether you’re a seasoned investor or just starting out, understanding dividends and keeping track of record dates can help you make informed decisions. So, stay informed, keep an eye on the share price, and enjoy the dividends!

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