Finolex Cables Announces Final Dividend
Finolex Cables Limited (NSE: FINCABLES) has informed the stock exchanges that its Board of Directors, at a meeting held on May 28, 2026, recommended a final dividend of Rs 9.00 per equity share for the financial year 2025-26. The dividend is subject to approval by shareholders at the company's Annual General Meeting (AGM).
Dividend Details
The recommended dividend of Rs 9 per share represents a payout on the face value of Rs 10 per share. Key points from the announcement include:
- Dividend amount: Rs 9.00 per equity share (90% of face value)
- Type: Final dividend for FY26
- Approval required: Shareholder nod at the AGM
- Record date and payment date: To be announced after AGM approval
The company has not yet disclosed the record date or ex-dividend date. Typically, the record date is set a few weeks after the AGM, and the dividend is paid within 30 days of the record date.
What This Means for Investors
For shareholders of Finolex Cables, this final dividend adds to any interim dividend already paid during the year. The total dividend for FY26 will be the sum of interim (if any) and this final dividend. Investors should note that the dividend income is taxable as per their income tax slab, and the company will deduct TDS as applicable.
Finolex Cables has a history of consistent dividend payments, reflecting its strong cash flow generation and shareholder-friendly policy. The recommended dividend of Rs 9 per share is in line with the company's past payouts.
Next Steps
Shareholders should watch for the company's notice of AGM, which will include the record date and other relevant details. Those holding shares before the ex-dividend date will be eligible for the dividend. The AGM is expected to be held within the next few months as per regulatory timelines.
The board's recommendation underscores Finolex Cables' commitment to returning value to shareholders. However, the final payout is contingent on shareholder approval, which is typically a formality for such proposals.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisor before making any investment decisions. The dividend information is based on the company's exchange filing dated May 28, 2026.