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Vardhman Acrylic Dividend: History, Yield & Payout Details

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Introduction

Vardhman Acrylics Ltd, incorporated in 1990, is engaged in the manufacturing and supply of acrylic fibre and tow. It operates under the “Varlan” brand and is part of Vardhman Textiles Ltd, which holds a 70.74% stake in the company. With around 90% of the total operational capacity in India’s domestic acrylic fibre industry, the company caters to products like hand-knitted yarn, blankets, jerseys, and more.

Dividend Overview

Latest Dividend Declared: ₹2.00 (Final Dividend, FY24)
Dividend Yield: 4.85%
Record Date: Not Disclosed
Ex-Dividend Date: 06 September, 2024
Payout Ratio: 91.6% (FY24)

Vardhman Acrylics Dividend History

Year

Dividend Per Share (₹)

Payout Ratio (%)

2024

2.00

91.6

2023

2.50

61

2022

NA

NA

2021

25.00 

NA

2020

NA

NA

2019

2.50

NA

Vardhman Acrylics Dividend Yield & Financial Performance

For FY24, Vardhman Acrylics reported a total income of ₹311.51 crore and a net profit of ₹17.54 crore. The company’s EPS stood at ₹2.18 for the year ended March 2024. The dividend yield of 4.85% reflects the company’s recent distribution policy aligned with its profitability. Over the years, the dividend payout ratio has shown considerable variation, indicating periodic changes in distribution strategy. Investors tracking the Vardhman Acrylic Share Price may find these financial indicators useful in evaluating the stock's performance and potential.

Vardhman Acrylics Dividend Policy & Factors Affecting It

The dividend policy of Vardhman Acrylics is shaped by internal cash flows, profitability, capital expenditure plans, and overall financial health. As a subsidiary of Vardhman Textiles Ltd, managerial and operational decisions, including dividend declarations, are influenced by broader group-level strategies and operational outcomes.

How to Check & Claim Dividends?

  • Check Status: Visit the website of the Registrar & Transfer Agent or the company’s investor section.

  • Claim Process: If the dividend has not been credited, shareholders can write to the RTA or claim through the Investor Education and Protection Fund (IEPF) portal.

  • Bank Mandate: Ensure bank details are updated in the Demat account for smooth credit of dividends.

Conclusion & Investment Takeaways

Vardhman Acrylics has displayed a mixed pattern in dividend payments over recent years, with a notable final dividend declared in FY24. The company’s financial performance, including stable revenues and net profits, may serve as one of the influencing factors behind its dividend actions. Shareholders are advised to regularly monitor corporate announcements and ensure updated bank and Demat details for dividend processing.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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