Rs 150 Dividend Per Share, 23 Payouts Since 2001, Q4 Results Next Week – Do You Own? (image source: Today Technology Market ResearchDigital)
VST Industries Ltd, a mid-cap stock in the tobacco sector, is set to convene its Board of Directors meeting on April 26, 2024, to discuss and approve the financial results for the fiscal year ending March 31, 2024. Additionally, the company will deliberate on recommending dividends for the financial year 2023-24. With a PE ratio of 20.37 and an EPS (TTM) of 34.80, VST Industries has recently witnessed a 3 per cent surge in its share price over the past two weeks.
VST Industries Dividend History and Technical Analysis
VST Industries has a strong dividend history, having announced 23 dividends since May 28, 2001. In the last 12 months, it declared an equity dividend of Rs 150.00 per share, offering a dividend yield of 4.03 per cent based on the current share price of Rs 3720.80.
Recent Developments in Shareholding
Ace investor Radakishan Damani recently acquired 2.33 lakh shares (1.51 per cent stake) of VST Industries at an average price of Rs 3,689.96, increasing his stake to 35.84 per cent. On the other hand, HDFC Mutual Fund sold 3.3 lakh shares, reducing its stake to 2.15 per cent.
VST Industries Share Performance
VST Industries’ last trading price on BSE stood at Rs 3720.80 per share. The stock’s 52-week high and low prices were Rs 4328.45 and Rs 3159.90 per share, respectively. It has delivered a year-to-date return of 10 per cent and surged by 14 per cent and 16 per cent in the last 1 and 2 years, respectively. Over the past decade, VST Industries shares have surged by 112 per cent.
