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Good news for anyone holding shares of Johnson Controls-Hitachi Air Conditioning India! The company, a major player in the air conditioning world, has just announced a generous interim dividend of Rs36 per share for the financial year 2024-25.
What does that mean for you?
A dividend is essentially a portion of the company's profits that they're sharing directly with you, the shareholder, as a thank you for your investment. This ₹36 payout per share is a welcome boost for investors.
Mark Your Calendars – Key Dates:
A Closer Look at the Payout:
This ₹36 interim dividend is quite significant, especially when you compare it to the company's previous final dividend of ₹12 per share paid for the fiscal year 2023-24. This signals a strong performance or a positive outlook from the company's management. The board officially approved this on May 3, 2024.
About Johnson Controls-Hitachi Air Conditioning India:
This company is a well-known name in the Indian market, responsible for manufacturing and selling popular air conditioning products, primarily under the 'Hitachi Air Conditioner' brand. They're a joint venture between the global Johnson Controls and Hitachi, focusing on residential and commercial air conditioning solutions.
How Has the Stock Been Doing?
On the last trading day, the share price closed around ₹1732. This makes the company's total market value (market capitalization) approximately ₹9,431.18 crore. Over the past year, the stock has seen its highs and lows, trading between a 52-week high of ₹2,279.80 and a 52-week low of ₹1,038.30. Year-to-date, it has given positive returns of over 20%.
For shareholders, this interim dividend is a clear sign of the company's health and commitment to returning value to its investors.
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