Navin Fluorine International Limited, a prominent entity under the Padmanabh Mafatlal Group, has shared exciting news for its stakeholders in a recent stock exchange filing. The company has not just one, but two great announcements to share.
During a board meeting held on Tuesday, the company declared its intent to issue both an interim and a special dividend to its shareholders. Investors are set to receive a dividend of 250%, equivalent to 5 rupees per share based on a face value of 2 rupees. But that’s not all. In addition to this, a special dividend has also been declared by the company.
This special dividend will be an additional 150% or 3 rupees per share, again calculated on the same face value of 2 rupees. The record date for the dividend is fixed for November 10, and the dividend amount will be credited to investors’ accounts after November 27.
This isn’t the first time the company has displayed such generosity. Earlier this year, on July 7, 2023, the company had issued a dividend of 7 rupees per share. The highest dividend ever given by the company was 11 rupees. Remarkably, since 2004, Navin Fluorine International Limited has consistently rewarded its investors with dividends, showcasing its commitment and strong financial performance.
