SANDESH LTD Dividend 2024, Record Date, Share Price, History

News: In the dynamic world of finance, understanding dividends is crucial for investors. In this article, we delve into the dividend landscape of SANDESH LTD, a prominent player in the printing and publishing industry. Let’s explore their dividend history, the upcoming dividend for 2024, and how it impacts shareholders.

What Are Dividends?

Dividends are a portion of a company’s profits distributed to its shareholders. They serve as a reward for investing in the company and can significantly impact an investor’s overall returns.

SANDESH LTD: A Brief Profile

Company Name: SANDESH LTD

Stock Exchange Listings: BSE (Code: 526725), NSE (Code: SANDESH)

Sector: Printing & Publishing

Dividend History

1. Over the years, SANDESH LTD has consistently rewarded its shareholders through dividends.

2. As of the latest data, the company has declared 23 dividends since August 16, 2000.

3. In the past 12 months, SANDESH LTD has maintained an equity dividend of ₹5.00 per share.

4. This commitment to dividends reflects the company’s stability and investor-friendly approach.

Dividend for 2024

1. For the financial year ending March 2023, SANDESH LTD announced an equity dividend of 50.00%, amounting to ₹5 per share.

2. The record date for this dividend is February 23, 2024.

3. Shareholders who hold SANDESH LTD shares on or before this date will be eligible to receive the dividend.

Impact on Shareholders

1. Dividends provide a steady income stream for investors.

2. Shareholders can choose to reinvest dividends or use them for other financial needs.

3. A higher dividend yield often attracts long-term investors.

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About SANDESH LTD :

SANDESH LTD, founded in 1923, is a prominent player in the Indian media landscape. Based in Ahmedabad, Gujarat, this publicly listed company has made significant contributions to the world of newspapers, periodicals, and digital news. Let’s delve into the details of what makes SANDESH LTD a name to reckon with.

Company Overview

• Incorporation Date: March 11, 1943
• Location: Ahmedabad, Gujarat
• Classification: Public Limited Company
• Authorized Share Capital: INR 15.00 crores
• Paid-up Capital: INR 7.57 crores

What Does SANDESH LTD Do?

1. Editing, Printing, and Publishing: SANDESH LTD is engaged in editing, printing, and publishing newspapers and periodicals across India.

2. Media Platforms: The company operates SANDESH, a premier Gujarati daily newspaper, and runs Sandesh Telecast, a Gujarati news channel.

3. Digital Presence: SANDESH LTD provides news on various digital platforms, including mobile advertisements and aggregated news/videos.

Financial Highlights

1. Operating Revenues (FY 2022-23): INR 100 crores – 500 crores

2. EBITDA Growth (YoY): Increased by 25.87%

3. Net Worth Growth (YoY): Increased by 11.08%

Key Directors

1. Falgunbhai Chimanbhai Patel

2. Parthiv Falgunbhai Patel

Corporate Identification Number (CIN)

CIN: L22121GJ1943PLC000183

Registered Office

SANDESH BHAVAN, LAD SOCIETY ROAD, B/H VASTRAPUR GAM, P.O.BODAKDEV, AHMEDABAD, Gujarat

SANDESH LTD’s dividend history and the upcoming dividend for 2024 demonstrate the company’s commitment to its shareholders. As an investor, staying informed about dividends can help you make informed decisions. Keep an eye on SANDESH LTD’s performance and consider the impact of dividends on your investment strategy.

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