Cheviot Company hits the roof on dividend bounty; strong Q4 outcome

The record date for the special dividend is set on 16 July 2021.
At the closing price of Rs 800.50 recorded on Friday, the stock offers a dividend yield of 21.86%.
Meanwhile, Cheviot Company reported a net profit of Rs 25.68 crore in Q4 FY21 as against a net profit of Rs 3.50 crore in Q4 FY20. Net sales during the quarter increased by 36.7% year-on-year (YoY) to Rs 156.88 crore in Q4 FY21.
The company posted a pre-tax profit of Rs 32.77 crore in the fourth quarter as compared with a pre-tax profit of Rs 6.57 crore recorded in the same period last year.
The jute goods maker reported 57.4% jump in net profit to Rs 75.72 crore on 13.6% drop in net sales to Rs 395.76 crore in the year ended 31 March 2021 compared with the year ended 31 March 2020. Total expenditure declined 14.4% to Rs 343.34 crore in FY21 over FY20.

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