Rallis India, a company under the Tata Group, has declared a dividend for its shareholders. The board proposed a 250 percent dividend payout, translating to Rs 2.50 per share for the financial year 2023-24. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting. Rallis India specializes in producing and selling agricultural inputs like pesticides, fungicides, insecticides, seeds, and plant nutrients. It operates as a subsidiary of Tata Chemicals Limited.
Rallis India, a leading agrochemical company, also declared a dividend of 2.50 per share. This dividend announcement is great news for investors who hold Rallis India stock. Similar to Tata Stock, investors will receive a dividend payment based on the number of shares they own.
Regarding the dividend record date, Rallis India has not provided information in its latest filing. The record date, determining shareholders’ eligibility for the next dividend, will be announced later.
Looking at Rallis India’s dividend history, according to the BSE website, it’s classified as a small-cap stock. In 2023, the company paid a dividend of Rs 2.50 per share. In 2022 and 2021, it paid Rs 3 per share each year. From 2017 to 2020, Rallis India consistently rewarded its investors with a dividend of Rs 2.50 per share annually.
Rallis India’s shares have traded in a 52-week range of Rs 294.25 to Rs 186.50. The company currently holds a market capitalization of Rs 5,233.16 crores.