SIYARAM SILK MILLS LTD Dividend 2024 Record Date, Share Price, History

News: Siyaram Silk Mills Ltd., a prominent player in the textile industry, has recently declared its dividend for the year 2024. In this article, we’ll explore what dividends are, the significance of the record date, the current share price, and a brief history of Siyaram Silk Mills.

Dividends Explained

Dividends are payments made by a company to its shareholders. They represent a portion of the company’s profits distributed among its investors. Siyaram Silk Mills has consistently rewarded its shareholders through dividends.

Dividend Announcement

For the year ending March 2023, Siyaram Silk Mills announced an equity dividend of 550.00%, which translates to Rs 11 per share. This means that if you own Siyaram Silk Mills shares, you’ll receive Rs 11 for each share you hold.

Record Date

The record date is crucial for dividend distribution. It’s the date on which the company identifies shareholders eligible to receive dividends. For Siyaram Silk Mills’ recent dividend announcement, the record date was 19th February 2024.

Share Price

As of now, Siyaram Silk Mills’ share price stands at Rs 512.50. Keep in mind that share prices can fluctuate based on market conditions, company performance, and other factors.

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About SIYARAM SILK MILLS LTD :

Siyaram Silk Mills Ltd, an Indian textile manufacturing company, has left an indelible mark in the hearts of generations of men. Let’s delve into the world of Siyaram’s, exploring their legacy, products, and industry leadership.

Legacy: Crafting Excellence Since 1978

Since its inception in 1978, Siyaram Silk Mills has been synonymous with quality fabrics and garments. Through innovation, artisanal craftsmanship, and exceptional know-how, they have created world-class fashion fabrics that stand the test of time. Siyaram’s deeply understands men’s clothing needs and remains at the forefront of innovation and technology.

Industry Leadership: A Global Footprint

Siyaram’s products touch the lives of millions, from individuals to businesses. Their footprint extends from local markets to global shores. Here’s a glimpse of their offerings:

1. Fabrics: Siyaram’s manufactures and sells a wide range of fabrics, including blended fabrics, which are a hallmark of their excellence.
2. Ready-Made Apparel: From men’s formal wear to women’s clothing, Siyaram’s caters to fashion-conscious consumers.
3. Home Furnishing: Siyaram’s extends its expertise beyond clothing to home textiles, adding elegance to living spaces.
4. Yarns: Their yarns play a crucial role in the textile industry, ensuring quality and durability.

Retail Presence and Branded Showrooms

Siyaram’s boasts over 1 lakh retail outlets and more than 170 branded showrooms across India. Their association with discerning customers and commitment to quality has made them a trusted name.

Environmental Responsibility

Siyaram’s takes its responsibility toward the environment seriously. Their efforts include promoting health care, welfare programs, and education initiatives. As an ISO 9001:2008 certified company, they continue to contribute to a better planet.

Investors should keep an eye on Siyaram Silk Mills’ performance, dividends, and share price. Whether you’re a seasoned investor or a beginner, understanding these aspects can help you make informed decisions.

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