Multi brand footwear retail company Metro Brands has announced a double gift to its shareholders , The company is giving special dividends along with interim dividends to its investors. The company is offering this dividend for the financial year 2024-2025. Rekha Jhunjhunwala, wife of veteran investor Rakesh Jhunjhunwala, has a major stake in the metro brand. Rekha Jhunjhunwala has more than 1 crore shares of the metro brand.
Total Rs. 17.50 dividends
Metro brands said in the exchange filing that its board has declared an interim dividend of Rs 3 for the financial year 2024-25 and a special dividend of Rs 14.50 per share. That is, the company will pay a dividend of a total of Rs 17.50 on each stock. Metro brands shares will do businessless business on Friday, March 7, 2025. The company will pay interim and special dividends within 30 days from the date of dividend announcement (28 February).
Rekha Jhunjhunwala has placed a big bet on the metro brands. Jhunjhunwala has 1,30,51,206 shares of metro brands. Jhunjhunwala holds 4.80 per cent stake in the company. This shareholding data is till December 2024 quarter. The Metro brand shares have seen a 143% increase in the last 5 years. During this time the company’s shares increased by 10 rupees. Increased from 470.80 to Rs. 1146 have been done. So far this year, the shares of metro brands have fallen by 7%. At the same time, the company’s shares have fallen by 10% last month. Metro brands shares touched a 52 -week high of Rs 1,000. It is 1430.10. At the same time, the minimum level of 52 weeks of the company’s shares is Rs 992.65. Promoters hold 71.93% in metro brands. At the same time, public shareholding is 28.07 percent.
