Dividend History
The Board of Dhiraagu views dividends as a key component of shareholder return and has historically had a very high payout ratio. During the 5 1/4 year period ending March 2011, Dhiraagu had cumulative net profit of MRf. 3,861 million and had cumulative declared dividends of MRf. 3,706 million, which represents a dividend payout ratio of 96% of profits. The cumulative declared dividends of MRf. 3,706 million represents an average of MRf. 9.29 per share per 12 months period, based on 76 million shares outstanding.
Dividends are always subject to the cash availability after meeting capital expenditures and other business requirements for future growth.
| MRF Thousands | | | Dividend/Share (MRF) |
|---|
| Year | Profit | Declared Dividend | Payout Ratio | | Based on 19m shares | Based on 76m shares |
|---|
| 2010/20113 | 968,424 | 1,039,7624 | 107% | | 54.72 | 13.68 |
| 20092 | 830,441 | 889,027 | 107% | | 46.79 | 11.70 |
| 20082 | 724,647 | 609,212 | 84% | | 32.06 | 8.02 |
| 20072 | 677,329 | 648,444 | 96% | | 34.13 | 8.53 |
| 20062 | 659,847 | 519,133 | 79% | | 27.32 | 6.83 |
| Total | 3,860,688 | 3,705,578 | 96% | Average per 12 Month | 37.15 | 9.29 |
- Subsequent to 31st March 2011, the company made a share split at the ratio of 4 shares for each existing one share. This resulted in an increase in the number of Ordinary issued shares from 19 Million to 76 Million.
- The financial periods from 2006 to 2009 were 12 month periods ending on 31st December.
- The financial period 2010/2011 was for the 15 Month Period from 1st January 2010 to 31st March 2011.
- Includes MRf. 604.8 million dividends declared on April 26, 2011 which was in relation to the period ended March 31, 2011.
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