Prestige Estates Projects Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of Rs. 1.80 per equity share.
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Prestige Estates Projects Limited announced that its Board of Directors, at a meeting held on May 29, 2025, has recommended a Final Dividend of Rs. 1.80 per equity share for the financial year. This is a recommended dividend, which means it is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The record date and book closure dates for determining eligibility are typically announced separately. As this is a 'Final' dividend, an interim dividend may have already been paid earlier in the financial year, making the total dividend for the year potentially higher than Rs. 1.80 per share.
A final dividend declaration is generally viewed positively by income-focused investors. Shareholders holding shares on the record date will be eligible to receive the dividend, subject to AGM approval. The actual yield impact on the stock price depends on the prevailing share price, which is not disclosed in this filing.