Stocks paying dividends: Rekha Jhunjhunwala Metro Brands portfolio shares will be in the spotlight today as the footwear company will trade ex-dividend today. The dividend-paying stock’s board of directors has set January 28, 2023 as the record date for determining the eligibility of shareholders for dividend payments. $Interim dividend of 2.50 per share for fiscal year 2022-23.
Notifying the Indian stock exchanges of the interim dividend payment record date, Metro Brands said: “In accordance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) As a rule, 2015, the Board of Directors, in its Board Meeting held today i.e. Tuesday, January 17, 2023 has fixed a date January 28, 2023 is the “Registration Date” for the purpose of determining the eligibility of shareholders for the payment of Interim Dividends for Fiscal Year 2022-23.”
In the previous communication, this Rekha Jhunjhunwala-backed company announced the payment of a provisional dividend on the grounds that: “Following the provisions of Regulation 43 and other applicable regulations of Regulations of the Securities and Exchange Commission of India (Listing Obligations and Disclosure Requirements), 2015, we would like to inform you that the Board of Directors of the Company at their meeting held today today, i.e. on Tuesday, January 17, 2023, declared an Interim Dividend at Rs 2.50 per Equity Share (TDS deductible) on par of the shares. paid equity worth Rs 5/- per share for the financial year 2022-23. Furthermore, it is hereby announced that January 28, 2023 will be regarded as a ‘Record Day’ for purposes of purpose of determining the eligibility of shareholders for payment of Provisional Dividends for the fiscal year 2022-23. The date of payment of the aforementioned Provisional Dividends shall be within 30 days from the date of announcement.”
Rekha Jhunjhunwala’s stake in Metro Brands
As mentioned above, Metro Brands stock is one of the stocks in Rekha Jhunjhunwala’s portfolio. According to Metro Bands share data for the October-December 2022 quarter, Rekha Jhunjhunwala owns 391,53,600 shares of Metro Brands, or 14.40% of the company’s total contributed capital.
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