Southern Petrochemical Industries Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2025, recommended Final Dividend of Rs. 2.00 per equity share.
SPIC · price
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The Board of Directors of Southern Petrochemicals Industries Corporation (SPIC), at its meeting held on May 8, 2025, has recommended a final dividend of Rs. 2.00 per equity share on a face value of Rs. 10 each (20%) for the financial year 2024-25. This dividend is subject to approval by shareholders at the upcoming 54th Annual General Meeting (AGM). The exact payment date will be communicated later, once the AGM date is finalized. The company had previously intimated the exchange about this board meeting on May 2, 2025.
This is a routine final dividend declaration and signals steady shareholder returns, pending AGM approval. The 20% dividend on face value is a modest payout, and its attractiveness depends on the current share price relative to yield expectations.