February 13, 2023
New Delhi, India
Several prominent companies including Gulf Oil Lubricants India and Dr. Lal PathLabs have declared interim dividends for the financial year ending March 31, 2024.
Gulf Oil Lubricants India announced an interim dividend of ₹16.00 per equity share, while Dr. Lal PathLabs approved ₹12.00 per equity share. Other companies like SMC Global Securities, Indo Thai Securities, and K.P.R. Mill Limited also announced dividends ranging from ₹1.00 to ₹3.00 per equity share.
Record Date and Shareholder Eligibility
The record date for dividend entitlements has been set to February 13, 2024. Shareholders registered on this date will receive the declared dividends. However, shares purchased after this date will not be eligible for these dividends.
Share Buyback Announcement
Orbit Exports Ltd. has declared a share buyback, indicating confidence in the company’s financial position and future prospects. Shares of Orbit Exports Ltd. will trade ex-buyback on February 13, 2024.
Market Impact and Share Price Adjustment
Following these announcements, the share prices of these companies are expected to adjust on February 13, 2024, as they trade ex-dividend and ex-buyback.
Board Approval and Financial Outlook
The decisions regarding dividends and buybacks have been approved by the respective companies’ boards of directors. This reflects their confidence in the financial stability and growth prospects of the companies.
The announcements of dividends and buybacks by these companies demonstrate their commitment to returning value to shareholders and signify positive outlooks for their future performance. Investors should stay informed about these developments to make well-informed investment decisions.
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