Commercial Syn Bags Limited has informed the Exchange about recommendation of Dividend @ Rs 0.40/- (i.e. 4%) per share on the equity shares of Rs. 10/- each of the Company for the Financial year 2024-25.
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Commercial Syn Bags Limited has recommended a dividend of Rs 0.40 per share (4%) on equity shares of Rs 10 face value for the financial year 2024-25. The dividend, if approved by shareholders, will be paid out of the company's profits for the year. The 4% dividend rate is calculated on the face value of the shares. The announcement is currently a recommendation by the Board and would require shareholder approval before finalization.
This is a modest dividend payout for shareholders. The 4% dividend on face value may appeal to income-focused investors, but the actual yield on market price will be lower. The announcement signals stable cash generation by the company.