NSE Announces 4:1 Bonus Shares and ₹90 Dividend per Share: Key Takeaways for Investors
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- The National Stock Exchange (NSE) board has recommended issuing bonus shares in a 4:1 ratio and a ₹90 per share dividend.
- The recommendations were made while declaring its Q4 results 2024, which showed a 20 percent YoY rise in profit to ₹2,488 crore.
- The NSE is yet to declare record dates for the bonus shares and dividend.
Recent developments from the National Stock Exchange (NSE) include a proposed 4:1 bonus share issue and a ₹90 per share dividend. This follows a 20% YoY rise in Q4 profits.
NSE Dividend Proposal 2024
The NSE board recommended a dividend of ₹90 per share for the year ending FY24, amounting to a pay-out of ₹4,455 crores. This proposal was announced in a press statement alongside the Q4 results.
NSE Bonus Issue 2024
The NSE board also recommended the issue of 4 bonus shares for each existing share held. This is subject to necessary approvals from shareholders and regulators for an increas... Read the full article for FREE at COINOTAG!
