Relaxo Footwear's Dividend Delight: Mark Your Calendars for a Rs 3 Per Share Payout!

Attention investors! The highly anticipated final dividend from Relaxo Footwear, one of India's leading footwear giants, is almost here. Shareholders are gearing up to receive a rewarding Rs 3 per equity share, a testament to the company's robust performance and commitment to its investors. But act fast – the ex-date for this exciting payout is tomorrow, July 20th!

This means for your shares to be eligible for the dividend, they must be purchased by today, July 19th.

The record date, which determines the eligible shareholders, has also been set for July 20th, aligning perfectly with the ex-date. So, if you're a long-term holder or considering an investment, ensure your holdings are in order to benefit from this distribution.

The company's Board of Directors had previously recommended this final dividend during their meeting on May 15, 2024.

This recommendation awaits final approval at the upcoming Annual General Meeting (AGM) scheduled for August 9, 2024. Once approved, the payment of this dividend is expected to be disbursed to eligible shareholders within 30 days from the date of the AGM, typically by early September.

Relaxo Footwears Ltd.

continues to solidify its position as India's largest footwear manufacturer, boasting an impressive portfolio of popular brands including Relaxo, Bahamas, Flite, Sparx, and Schoolmate. The company's strong financial footing is evident in its latest fiscal year (FY24) results, where it reported a consolidated net profit of Rs 154.5 crore.

This solid profit was achieved on a consolidated revenue from operations of Rs 2,952.1 crore, showcasing healthy operational efficiency and market demand for its diverse range of products.

With its shares trading robustly – recently closing at Rs 839.95 on the NSE – Relaxo Footwear remains a significant player in the consumer discretionary sector.

This upcoming dividend payout further enhances its appeal to investors, reinforcing confidence in its sustained growth trajectory and shareholder-friendly policies. Don't miss out on this opportunity to participate in Relaxo's continued success!