SAREGAMA INDIA LTD Dividend 2024 Record Date, Share Price, History

News: Saregama India Ltd., a prominent player in the media and entertainment industry, has recently declared its dividend for the year 2024. In this article, we’ll delve into the details of this dividend, including the record date, share price impact, and a brief historical context.

What is a Dividend?

Before we dive into the 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!

Saregama India’s Dividend Announcement

For the fiscal year ending March 2023, Saregama India has announced an equity dividend of 300.00%, which translates to Rs 3 per share. This means that if you own Saregama shares, you’ll receive Rs 3 for each share you hold.

Record Date and Share Price Impact

Record Date: The record date is crucial. It’s the date on which the company identifies shareholders eligible to receive the dividend. For Saregama India’s 2024 dividend, the record date is 21st February 2024.

Share Price: When a company declares a dividend, it often affects the share price. Investors pay attention because dividends can influence stock prices. If you’re an investor, keep an eye on Saregama’s share price around the record date.

Historical Context

Saregama India has a history of rewarding its shareholders through dividends. Let’s take a quick look at some past dividends:

1. February 2023: An interim dividend of Rs 3 per share was declared.

2. January 2022: An interim dividend of Rs 30 per share was announced.

3. April 2021: An interim dividend of Rs 20 per share was distributed.

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About SAREGAMA INDIA LTD :

Saregama India Ltd., formerly known as The Gramophone Company of India Ltd., holds a significant place in India’s music industry. As the country’s oldest music label company, it has a rich history and continues to thrive under the ownership of the RP-Sanjiv Goenka Group. Let’s explore more about this iconic company:

Company Overview

• Name: Saregama India Ltd.
• Industry: Music, Retail, Films
• Headquarters: Kolkata, West Bengal, India
• NSE Listing: Traded as SAREGAMA
• BSE Listing: Traded as 532163
• Offices: Apart from the head office in Kolkata, Saregama has offices in Mumbai, Chennai, and Delhi.

Key Highlights

1. Music Legacy: Saregama’s roots trace back to the early 20th century. It was formerly known as The Gramophone Company of India Ltd. and has been associated with iconic moments in Indian music history.

2. Diverse Repertoire: Saregama owns an extensive music repertoire across various genres:

• Film Music: From Bollywood hits to regional cinema, Saregama covers it all.

• Non-Film Music: Devotional, classical, and contemporary tracks.

• Carnatic and Hindustani Classical: A treasure trove for music enthusiasts.

3. Yoodlee Films: Saregama also produces films under the brand name Yoodlee Films.

4. Carvaan: Saregama’s music-based hardware platform, Carvaan, has gained popularity among music lovers.

5. Global Reach: The company’s music catalogue is officially available on various platforms, including music streaming apps (Spotify, Gaana, Wynk, YouTube Music), broadcasting networks (Star, Sony, Zee), OTT video streaming services (Netflix, Amazon Prime), and social media platforms (Instagram, YouTube, Facebook).

Recent Ventures

Film Music: Saregama’s music features in recent Hindi films like Kahaani 2, 102 Not Out, Ek Ladki Ko Dekha Toh Aisa Laga, Total Dhamaal, and Panga.

Upcoming Projects: Saregama has signed as the official music label for forthcoming films like Bell Bottom, Gangubai Kathiawad, Kurup, and the untitled next film of Ranveer Singh with director Shankar.

Saregama India’s commitment to rewarding its shareholders is commendable. As an investor, understanding dividend announcements and their impact on share prices is essential. Keep an eye on the record date and stay informed about Saregama’s financial updates.

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