Indian textile company Trident Limited announces 36% dividend

Trident Limited said that its board of directors has declared 36% dividend (INR 0.36 per fully paid up equity share of INR 1 each) for its shareholders with 29 October 2021 as record date.

The Indian textile company claimed that it has been paying its shareholders a steady dividend payout for the last five years. The flagship company of Trident Group further stated that it has sustained dividend payouts of over 50% for the last two consecutive years.

Trident Limited stated: “The Company believes in inclusive growth and sharing its profits with its Shareholders in the form of dividends.”

The company operates in a couple of major business segments — textiles and paper. It has manufacturing facilities in Punjab and Madhya Pradesh.

Recently, Trident Limited had begun operations of a captive use 7.6MW solar power plant at Budhni, Madhya Pradesh.