with a market cap of 27,586 Crores, Oberoi Realty Limited is a large-cap company dealing in the real estate industry. The company deals in real estate projects in the residential, commercial, retail, social infrastructure and hospitality sectors. For the financial year ended March 31, 2022, the Board of Directors of the company has recommended dividend at the rate of Rs. 3 per equity share, or 30% of the paid-up equity share capital. The total cash outflow resulting from the proposed equity dividend will be 10,908.07 lakhs. As Oberoi Realty has declared equity dividend of 30.00 per cent, or 3 per share, for the year ending March 2022, at the current share price 758.20, this equates to a dividend yield of 0.4 percent.
For the purpose of dividend, the company in its exchange filing dated 23rd June has said that “Further, please note that 8th July, 2022 will be the record date for the purpose of payment of dividend on equity shares for the financial year 2021-22. Accordingly, “The said dividend, as recommended by the Board, if declared and approved at the aforesaid Annual General Meeting, shall be paid to the members whose names appear in the register of members at the end of the day on 8th July, 2022.”
Share of Oberoi Realty rose 1.13 per cent from its previous close of Rs. 749.70 and today closed at Rs. 758.20. In the past 1 year, the stock has given 25.50% return to its shareholders, but on a year-on-year (YTD) basis, the stock has fallen 14.65% so far in 2022. The stock has fallen 12.22% over the past six months. But it has gained 0.40 per cent in the last five trading days. at the current price of 758.20, the stock is trading 27.92 per cent down from its 52-week high and 26.93 per cent above its 52-week low on NSE, where it hit a 52-week high. 52-week low of 1,051.90 on 3 November 2021 597.30 on 24 June 2021. The stock is trading above the five-day moving average but below the 20-day, 50-day, 100-day and 200-day moving averages as per the previous trading price.