There is good news for investors betting on dividend stocks. State-owned Balmer Lawrie Investments Ltd has decided to give investors a dividend of Rs 33 per share. The fixed record date for the dividend is this month itself. Balmer Lawrie Investments Ltd will trade as an X-dividend stock on the stock market in the next few days. In a filing to the stock market, Balmer Lawrie Investments Ltd said it had given a dividend of Rs 330 on a share with a face value of Rs 10.
The company has announced a record date of September 20, 2023, for this. Any investor whose name is in the record book of the company on this day will get the benefit of a dividend. Balmer Lawrie Investments Ltd's AGM will take place on September 27. The dividend will be paid to eligible investors within 30 days of the same. Shares of Balmer Lawrie Investments Ltd closed at a level of Rs 475.85, up 1.10 per cent on Friday.
During the last month, the company's share price has seen a rise of more than 12 percent. Balmer Lawrie Investments is a big dividend announcement of the rally in The Shares of Ltd. Earlier, the stock had slowed down. Balmer Lawrie Investments Ltd comes under the Ministry of Petroleum. In June, the government's total stake in the company was 59.67 per cent.
Balmer Lawrie Investments Ltd is a subsidiary of the Government of India. It works under the Ministry of Petroleum and Natural Gas. Balmer Lawrie Investments Ltd manufactures industrial packaging, barrels, and drums, cooking gas cylinders, grease, leather chemicals, and marine goods carrier containers. It deals with a wide range of projects such as tea export, trade, travel, tourism, freight, and freight as well as engineering services such as energy-related writing and consultancy as well as repair of cargo containers.
Balmer Lawrie Investments Ltd started its industrial journey from Kolkata in February 1867 as a partnership founded by two Scottish residents, George Stephen Bamar and Alexander Lowry. From tea to shipping, from insurance to banking, from trading to manufacturing, there is hardly any trade in which Bamar Lori has not given up in its early years.