At yesterday’s closing price of Rs 204.10, the dividend payout translates to a dividend yield of 3.04%.

The company has fixed 5 July 2024 as the record date for the purpose of determining the names of members eligible for the aforesaid dividend.

Redington is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, Singapore, South Asia, Middle-East, Turkey and Africa. REDIL procures IT and mobility products from vendors, handles distribution logistics, sells the same to resellers and dealers.

The company's consolidated net profit rose 5% to Rs 325.59 crore on a 2.68% increase in revenue to Rs 22,433.41 crore in Q4 FY24 over Q4 FY23.

The scrip fell 4.41% to currently trade at Rs 195.10 on the BSE.