Metro Brands Announces 350% Dividend, Including ₹3 Interim and ₹14.50 Special Dividend. Record Date Set for March 7, 2025; Payment Within 30 Days.
Dividend Stock: Metro Brands, a multi-brand footwear retail company in which Rekha Jhunjhunwala holds an investment, has presented a significant gift to its shareholders. The company has declared both an interim and a special dividend for the fiscal year 2024-25, offering investors a double benefit. Rekha Jhunjhunwala, wife of the late prominent investor Rakesh Jhunjhunwala, held a 4.8% stake in Metro Brands as of the end of December 2024.
350% Dividend Announced, Record Date March 7
Metro Brands announced in an exchange filing that its Board of Directors has approved an interim dividend of ₹3 per share and a special dividend of ₹14.50 per share. This results in a total dividend of ₹17.50 per share.
The company has set the record date for finalizing shareholder eligibility as March 7, 2025. The dividend payment date will be within 30 days of February 28, 2025.
Metro Brands' Dividend Record
Metro Brands has a b track record of paying dividends to its investors. According to BSE data:
2024: ₹2.75 per share interim and ₹2.25 per share final dividend
2023: ₹2.50 per share interim and ₹1.50 per share final dividend
Performance of Metro Brands Shares
Metro Brands shares have shown mixed performance in recent months.
Last one year: 3% return
Last one month: 8% decline
Last six months: 7% decline
The company's share reached its 52-week high of ₹1,430 on August 9, 2024, while it touched its low of ₹992.65 on June 4, 2024.
In Thursday's trading session, Metro Brands' share opened at ₹1,150.05 and reached a high of ₹1,167.40.
Excellent Opportunity for Investors
The announcement of a 350% dividend could significantly benefit Metro Brands investors. If you are considering long-term investment, this stock could be a valuable addition to your portfolio.
