365Telugu.com online news, November 3rd,2024: Patanjali Foods, backed by yoga guru Ramdev, recently announced its highest-ever interim dividend at 400%, equating to ₹8 per share on a face value of ₹2. This significant payout for FY 2024-25 highlights Patanjali’s commitment to rewarding shareholders amid its steady growth. The record date is November 4, 2024, with payments to be completed by November 23. This decision comes on the back of Patanjali’s strong history of dividends, such as its ₹6-per-share payout in March 2024.
In terms of stock performance, Patanjali Foods’ shares recently closed at ₹1,811.80, showcasing minor fluctuations over the past month. Despite short-term volatility, the company’s market cap of ₹65,586 crore and a solid annual growth rate of 25.37% reflect its robust position in the FMCG sector.
Patanjali’s consistent profitability and strategic expansions have contributed to its steady market performance, maintaining shareholder confidence and interest in its dividend payouts.