Several leading Indian companies have announced interim dividends for Q2 2024-25, with ex-dividend dates set for next week. Spanning sectors like automotive, energy, shipbuilding, and digital services, these announcements highlight strong financial performance and commitment to shareholder returns, offering investors attractive opportunities for dividend income amid a stable and optimistic business outlook.
1. Morganite Crucible (India) Limited
Morganite Crucible (India) Limited manufactures and sells silicon carbide and clay graphite crucibles and accessories, catering to industries like mining, automotive, and industrial machinery. Operating in India and globally, its diverse portfolio includes crucibles like Syncarb Z2e2 and Suprex, foundry products like degassing units, and thermocouple sheaths. Its plant is in Aurangabad, Maharashtra.
With a market capitalization of Rs 1,036 crore, the shares were closed at Rs 1,850 per share, an increase of 0.89 percent as compared to the previous closing price. The company has a dividend yield of 2.17 percent.
The firm issued an interim dividend of Rs 30 per equity share, representing a 600% payout over the face value of Rs 5 per share. The dividend’s ex-date is November 26, 2024.
2. Godfrey Phillips India Limited
Godfrey Phillips India Limited, an FMCG company, specializes in manufacturing and trading cigarettes, tobacco products, and confectionery. Its brands include Four Square, Red and White, and Marlboro (under license). It also operates 24 Seven convenience stores with over 145 outlets. The company serves B2B clients, including wholesalers and retailers, across India.
With a market capitalization of Rs. 29,258 crore, the shares were closed at Rs 5,623 per share, a decrease of 3.86 percent as compared to the previous closing price. The company has a dividend yield of 0.99 percent.
The firm issued an interim dividend of Rs 35 per equity share, representing a 1750% payout over the face value of Rs 2 per share. The dividend’s ex-date is November 29, 2024.
3. Gillette India Limited
Gillette India Limited manufactures and sells branded FMCG products in grooming and oral care. Its grooming segment offers razors, blades, and shaving products, including Gillette Guard, Fusion Razor, and shaving gels like Gillette Series Ultra Comfort. The oral care segment includes toothbrushes and related products, catering to diverse consumer needs across India.
With a market capitalization of Rs 30,310 crore, the shares were trading at Rs 9,305 per share, an increase of 1.38 percent as compared to the previous closing price. The company has a dividend yield of 1.42 percent.
The firm issued an interim dividend of Rs 45 per equity share, representing a 450% payout over the face value of Rs 10 per share. The dividend’s ex-date is November 26, 2024.
4. Ingersoll-Rand (India) Limited
Ingersoll-Rand (India) Limited manufactures and sells industrial air compressors, including reciprocating, oil-free, oil-flooded, and centrifugal models, along with nitrogen generators and PET compressors. It provides air treatment solutions, parts, and services for industries like automotive, metals, pharmaceuticals, and textiles, ensuring efficient compressed air systems and automation solutions.
With a market capitalization of Rs 13,888 crore, the shares were trading at Rs 4,399 per share, an increase of 5.23 percent as compared to the previous closing price. The company has a dividend yield of 1.67 percent.
The firm issued an interim dividend of Rs 55 per equity share, representing a 550% payout over the face value of Rs 10 per share. The dividend’s ex-date is November 27, 2024.
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5. Procter & Gamble Hygiene and Health Care Limited
Procter & Gamble Health Ltd, a subsidiary of Procter & Gamble Overseas India BV, specializes in the manufacture and marketing of pharmaceutical products, particularly focusing on over-the-counter (OTC) products, vitamins, minerals, and dietary supplements aimed at enhancing quality of life and promoting a healthy lifestyle.
With a market capitalization of Rs 8,434 crore, the shares were trading at Rs 5,085 per share, a decrease of 0.76 percent as compared to the previous closing price. The company has a dividend yield of 1.18 percent.
The firm issued an interim dividend of Rs 60 per equity share, representing a 600% payout over the face value of Rs 10 per share. The dividend’s ex-date is November 28, 2024.
6. Bayer CropScience Limited
Bayer CropScience Limited is an Indian company specializing in agrochemicals, including insecticides, fungicides, herbicides, and corn seeds. Operating through the agri-care segment, it provides crop solutions for various crops such as cotton, rice, and vegetables. The company focuses on crop protection, seeds & traits, and digital farming, offering brands like Alion Plus and Movento Energy.
With a market capitalization of Rs 25,739 crore, the shares were trading at Rs 5,727 per share, a decrease of 1.05 percent as compared to the previous closing price. The company has a dividend yield of 2.42 percent.
The firm issued an interim dividend of Rs 90 per equity share, representing a 900% payout over the face value of Rs 10 per share. The dividend’s ex-date is November 28, 2024.
Written By – Nikhil Naik
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