United Spirits Declares ₹4 Per Share Dividend; Record Date April 3, 2025, Payment from April 21. Share Price Jumps 2.6% Post-Announcement, Still 20% Below 52-Week High.
Dividend Stock: United Spirits Limited (United Spirits), a leading liquor company, has announced an interim dividend of ₹4 per share for its investors. This decision is considered a positive sign for investors.
Company's Dividend Record and History
United Spirits paid a dividend of ₹5 per share in 2024 and ₹4 per share in 2023. Notably, the company resumed dividend payouts in November 2023 after a 10-year hiatus.
A dividend of ₹4 per share has now been declared for the fiscal year 2024-25, based on the company's face value of ₹2 per share.
Important Dates for Dividend
Record Date: April 3, 2025
Dividend Payment Date: After April 21, 2025
Eligibility: Investors holding United Spirits shares on April 3, 2025, will be eligible for this dividend.
The company stated in its BSE filing that shareholders listed in the company's register or beneficially recorded in the depository record will be entitled to the dividend.
Share Price Surge Following Dividend Announcement
Following the dividend announcement, United Spirits shares saw a 2.6% surge, reaching an intraday high of ₹1,395.85 on the BSE. However, it is still trading 20% below its 52-week high of ₹1,700.
However, compared to its 52-week low of ₹1,112 in April of the previous year, it has climbed 25%. This clearly indicates that the stock is in a b recovery mode for investors.
United Spirits: Market Position and Prospects
United Spirits is one of India's largest liquor companies, selling whiskey, rum, and wine under popular brands such as McDowell's, Royal Challenge, and Antiquity.
Looking at the company's financial performance, its revenue and profit show stable growth. According to market experts, this dividend will help attract shareholders and could prove to be an excellent stock for long-term investors.
Should You Invest in This Stock?
- If you are keen on earning dividends, this stock could be a good option for you.
- The company's b brand portfolio and stable revenue growth make it an attractive investment option.
- However, due to market fluctuations, volatility in share prices can be expected.
(Disclaimer: This is not investment advice. Consult your financial advisor before investing.)
