Container Corporation Dividend: Last Day To Buy Shares To Qualify — Details Here
Container Corp's board announced a final dividend of Rs 2 per share for financial year 2025.
Shares of Container Corp. of India will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Container Corp's board announced a final dividend of Rs 2 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 6. The total value of the dividend to be disbursed amounts to around Rs 121 crore.
The final dividend adds to the first interim dividend of Rs 2 per share, the second interim dividend of Rs 3.25 per share and the third interim dividend of Rs 4.25 per share already paid during the year.
The firm will pay the final dividend within 30 days after shareholder approval at the annual general meeting.
Given India's T+1 settlement cycle, shares purchased on the record date (June 6 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 5 will be the beneficiaries.
In comparison, the company had issued a final dividend of Rs 2.50 in the last financial year and an interim dividend of Rs 2 in August 2024.
The company had also approved issuance of bonus equity shares in 1:4 ratio. The company will inform the record date for determining the entitlement of the shareholders to receive bonus shares in due course.
Container Corp's Q4 Performance
Container Corp.'s standalone net profit rose 3% to Rs 302.1 crore in the fourth quarter of the current financial year. The logistics services provider's revenue fell 1.6% to Rs 2,281.4 crore in the fourth quarter, it added.
Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 11% year-on-year to Rs 433.46 crore. The Ebitda margin narrowed 210 points to 19%.
