KAVERI SEED, a company involved in the agriculture seed business, has announced its quarterly results. The company has informed in the exchange filing that the company has turned from profit to loss in the second quarter.
The company has also announced dividend along with the quarterly results. The company said in the exchange filing that "The board has approved the payment of dividend at the rate of 250% i.e. Rs 2 per equity share on the company's profit on the equity share capital of the company for the financial year 2024-25."
According to the exchange filing, "The dividend will be paid on or before December 10, 2024 to the equity shareholders of the company whose names are recorded in the register of members of the company or in the records of the depository as beneficial owners of the shares as on Tuesday, November 26, 2024, being the record date for payment of dividend for the financial year 2024-25."
If we look at the dividend history of the company, dividend has been announced for investors 19 times so far. Before the second quarter, the company had announced a dividend of Rs 5 on November 20, 2024, Rs 4 on August 25, 2022, and Rs 4 per share on November 25, 2021.
The company has announced share buyback four times so far. The buyback was announced on 23 February 2024, 21 November 2019, 02 August 2018 and 15 August 2017.
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