Business News : Shares of the leading tobacco manufacturer Godfrey Phillips saw a strong rise. On the last day of the week i.e. Friday, the company's shares rose by a tremendous Rs 191.85 (4.42%) to reach Rs 4533.25. However, the company's shares are still trading below their 52 52-week high. The 52 52-week high of Godfrey Phillips shares is Rs 4815. While the 52 52-week low of the company's shares is Rs 1994.90.

The company will give a dividend of Rs 56 per share

At the end of May this year, the company's board of directors announced a dividend for its shareholders. For the financial year 2023-24, the company had announced a dividend of 2800 percent i.e. Rs 56 on each share with a face value of Rs 2 to the investors. This dividend of Rs 56 per share will be the final dividend for the financial year 2023-24. The record date for this final dividend to be given to the investors has also been announced.

Record date set for Friday, August 23

Godfrey Phillips had informed the stock markets that Friday, August 23 has been fixed as the record date for the dividend of Rs 56 to be given for the financial year 2023-24. That is, only those investors who have shares of the company on August 23 will be paid dividend. Let us tell you that the current market cap of the company is Rs 23,570.14 crore.

There was tremendous enthusiasm in the market on Friday

Let us tell you that on Friday, there was a tremendous rise in the Indian stock market. The 30-share BSE Sensex closed at 80,436.84 points with a gain of 1330.96 points (1.68%). On the other hand, the NSE Nifty 50 also closed at 24,541.15 points with a jump of 397.40 points (1.65%).