JK Cement Dividend: Shareholders At AGM To Consider Issuing Nod — Check Record Date, Other Details
The total value of dividend to be disbursed by JK Cement will amount to around Rs 116 crore, considering that shareholders cumulatively own a total of 7.73 crore shares.
JK Cement Ltd. will hold its 31st annual general meeting on July 18, where the shareholders will decide on approving the final dividend of Rs 15 per equity share, according to an exchange filing from the company on Monday.
The dividend is worth Rs 15 per share with a face value of Rs 10. The record date for the same has been fixed as July 8.
The register of members and share transfer books of the company will remain closed from July 9, 2025 to July 18, 2025.
The total value of the dividend to be disbursed will amount to around Rs 116 crore, considering that shareholders cumulatively own a total of 7.73 crore shares. Retail investors, who own up to 2.69% stake, will receive a sum total of Rs 3.1 crore.
Shares of JK Cement on Monday closed 2.94% lower at Rs 6,150 apiece on the NSE, compared to a 0.47% decline in the benchmark Nifty. The stock has fallen 37.61% in the last 12 months and 33.83% on a year-to-date basis.
Out of 28 analysts tracking the company, 23 have a 'buy' rating on the stock, three recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 6.81%
