Dividend stock Matrimony declares ₹5 per share dividend. Record date, other details

Dividend stock Matrimony.com hogged the limelight on Tuesday, March 25, after the company announced a ₹5 per share dividend post-market closing hours in yesterday's trade.

The shares of the online platform that offers matchmaking services jumped 12.5% in the early morning session today following the dividend announcement.

Dividend Details

The company in a filing late last night said that the board of directors at their meeting on March 24 approved the declaration of the special dividend (Interim) of ₹5/- per share (100%) of ₹5/- each to commemorate the company’s Silver Jubilee year.

Furthermore, Martrimony.com's board also fixed March 28 as the record date for the purpose of determining the eligible shareholders towards payment of the dividend which will be paid within 30 days from the date of declaration.

Dividend Historical Trend

Matrimony.com last declared a final dividend of ₹5 apiece, for which the record date was fixed as August 2. Meanwhile, since August 2018, it has announced dividends eight times.

According to Trendlyne data, Matrimony.com's dividend yield stands at 0.92% at the current market price.

Stock Price Impact

Following the dividend announcement by the company, Matrimony.com share price witnessed a significant leg-up in Tuesday's trading session. The stock opened at ₹598.95, also its day's high, gaining 12.5% over its last closing price of ₹532.40.

Despite today's gains, Matrimony.com share price has lost 19% so far this year, while the scrip is down 29% in the past six months. However, in the last one year, it has eked out gains of 6%.

Q3 Performance Update

In the December quarter, the company witnessed a decent 5% revenue growth on a year-on-year (YoY) basis to ₹111.4 crore while its profit after tax jumped 10.2% YoY to ₹9.97 crore.

Murugavel Janakiraman, Chairman and Managing Director said, “We have seen a noticeable decline in top of the funnel profiles, which we believe is a larger industry trend. This has affected revenue growth. We are refining our marketing and conversion strategies. We expect to regain traction in the coming quarters for a better FY26.”

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