Shares of Trent Ltd. will be of interest on Wednesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex-record date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Trent’s board announced a final dividend of Rs 5 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 12. The total value of the dividend to be disbursed amounts to around Rs 177.74 crore.
The company has 2.83 lakh retail investors holding nominal share capital up to Rs 2 lakh owning 13.42% equity. They will get a dividend worth Rs 23.85 crore.
Given India’s T+1 settlement cycle, shares purchased on the record date (June 12 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 11 will be the beneficiaries.
In comparison, in the previous fiscal, the Tata Group company paid a Rs 3.2 per share dividend. In FY23, it paid Rs 2.2 per share.
Trent reported a 47% decline in standalone net profit during the fourth quarter at Rs 349.92 crore.
Revenue rose 28.8% to Rs 4,106.10 crore.
On an operational basis, Ebitda increased 38% to Rs 656.39 crore versus Rs 477.27 crore in the year-ago period. The margin expanded to 16% versus 15%.
. Read more on Markets by NDTV Profit.Trent’s board announced a final dividend of Rs 5 per share for financial year 2025. Read MoreMarkets, Business, Notifications
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