Share repurchase: Today, the board of directors of Emami Ltd. will discuss and decide whether to repurchase shares. In its exchange letter, the business informed Indian bourses that its board of directors would evaluate the buyback proposal at its meeting on March 24, 2023. In its scheduled meeting today, the firm board is anticipated to disclose the repurchase price and the buyback record date.
Emami Ltd. informed Indian stock exchanges of the share buyback, “The Company’s Board of Directors will meet on March 24, 2023, among other things, to discuss and agree In accordance with the aforementioned regulation, we would like to inform you that the Board of Directors of the Company will meet on Friday, March 24, 2023, among other things, to discuss a proposal for the buyback of fully paid-up equity shares of the Company as well as matters pertinent thereto and in accordance with the Securities and Exchange Board of India (Buy-Back) Regulations, Sections 68, 69, and 70 of the Companies Act, 2013, read with rules thereto.”
Emami is one of the Dalal Street stocks that pays dividends. In the fiscal year 2022–2023, the multifaceted conglomerate corporation with its headquarters in Kolkata has twice announced interim dividends. Ex-dividend dates for Emami shares in FY23 were in November 2022 and February 2023. The business paid its devoted shareholders an interim dividend of $4 per share on both occasions.
Emami is another stock on Dalal Street that pays dividends. The multi-business multinational corporation with its headquarters in Kolkata has twice announced interim dividends for the fiscal year 2022–2023 so far. In November 2022 and February 2023, Emami shares went ex-dividend for FY23. The corporation declared an interim dividend of $4 per share to its devoted shareholders on both occasions.
This global conglomerate has distributed a net interim dividend of 8 (four plus four) per share to its long-term shareholders during the last two fiscal years.
Dividend yield for emami
Emami’s share price was quoted at roughly 450 euros per share at the start of FY23, compared to around 488 euros per share at the start of FY22. Hence, Emami’s dividend yield in FY22 was approximately 1.65%, whereas it was approximately 1.750% in FY23.
