This real estate stock sets record date for 150% dividend

With a market valuation of 87,440.39 crore, DLF Ltd. is a large-cap company engaged in the real estate industry. With properties in 15 states and 24 cities, DLF is now India’s largest publicly owned real estate company. The Board of Directors has proposed a dividend of 3 per share share or 150 percent with a par value of 2 each, for fiscal year 2021-2022. The Company has declared the record date for this dividend to determine shareholder eligibility.

“The Board has recommended a dividend of 3/- per common share of par value 2/- each for the financial years 2021-22, subject to shareholder approval at the subsequent annual general meeting on 10 August 2022. Pursuant to Regulation 42 of SEBI LODR that has Company set Wednesday, August 3, 2022 as the “Record Date” for determining shareholders’ entitlement to dividend payments for fiscal year 2021-22. The dividend will be paid/mailed to shareholders on or before Thursday, September 8, 2022, if approved by shareholders and subject to withholding tax at applicable rates,” the company said in a stock exchange filing.

DLF shares closed at 353.00 level today, down 0.18% from the previous close of 353.65. The stock is up 6.57 percent over the past year, but on a YTD basis, it’s down 10.58 percent so far in 2022. In the last 6 months, the stock is down 13.53% and up 18.26% in the last 1 month. On the NSE, the stock had touched a 52-week high of 449.70 on Oct 18 21 and a 52 week low of 294.70 on 20-Jun-22, indicating that the stock is trading 21.50% below the 52-week high and 19.78% above the 52-week low at the current share price. Based on the last traded price, the stock is trading higher than the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day Exponential Moving Average (EMA).

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