RS 17 DIVIDEND SHARE: SMALLCAP STOCK TURNS EX-DATE TODAY; DO YOU OWN?

Stovec Industries Dividend Stock 2024: Shares of Stovec Industries Limited will be in focus on April 18, 2024, on account of its next corporate action. The company has announced a whopping 170 per cent dividend payment on each stock for the ongoing fiscal year. A dividend is a company's reward to its investors for their investment in the business. It is paid in cash from earnings.

Stovec Industries Dividend 2024 Amount

A dividend is always calculated and paid on the face value of each stock. Accordingly, a 170 per cent dividend translates into Rs 17 per equity share with a face value of Rs 10 each for the financial year 2023-24.

“…recommended final dividend of Rs. 17 per equity share of Rs. 10/- each (i.e. 170 per cent) for the financial year ended December 31, 2023,” the company said in an exchange filing.

Stovec Industries Dividend 2024 Ex-Date

The company has set April 18 as the ex-date for the final dividend.

Stovec Industries Dividend 2024 Record Date

Stovec Industries Limited has set April 18 as the record date for determining the eligibility of shareholders' participation in the next dividend or corporate action.

Stovec Industries Share Price History

According to BSE Analytics (as of April 18), stocks of Stovec Industries Limited rose by 1.22 per cent and 6.48 per cent in the last 1 week and 2 weeks, respectively. In the last one month and 3 months, shares of the company up by 8.82 per cent and 6.36 per cent, respectively. On a YTD basis, the company’s share gained by 7.48 per cent. In the past 1 year, 3 years, and 10 years, the company’s shares climbed by 26.59 per cent, 47.72 per cent and 476.63 per cent, respectively.

Stovec Industries Dividend History

Last year, Stovec Industries Limited announced dividends of Rs 47 and Rs 157 with an ex-date on May 2 and August 21, respectively. In 2020, 2021 and 2022, the company declared dividends of Rs 60, Rs 22, and Rs 57, respectively. The company announced a dividend of Rs 3 with an ex-date on July 9, 2001.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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2024-04-18T02:54:59Z dg43tfdfdgfd