175% Dividend: Small Cap Chemicals Stock Set To Trade Ex-Dividend On July 27, Trading Near 52-Week High

Paushak Ltd., a chemicals sector small-cap stock market cap of Rs 20,065.68 Crore, is set to trade 150% ex-dividend next week on Tuesday, the 25th July, 2023. On May 04, 2023, the Board of Directors of the company recommended a Dividend of 175% i.e. Rs 17.50/- per Equity Share having face value of Rs 10/- each for the financial year ended March 31, 2023.

Record Date For Dividend

The Board of Directors of Paushak Ltd. in a regulatory filing said, "the Company has fixed Tuesday, the 25th July, 2023 as the 'Record Date' for determining the entitlement of members of the Company to receive dividend for the financial year ended 31st March, 2023. The payment of dividend will be made on or from 5th August, 2023, upon the same being approved at the 50th Annual General Meeting scheduled to be held on Tuesday, the 1st August, 2023."

Dividend

"Recommended a dividend of Rs. 17.50/- (175%) per Equity Share having face value of Rs. 10/- each, subject to approval of the Shareholders at the ensuing Annual General Meeting ('AGM')," the company said in a exchange filing on May 04, 2023.

Stock Outlook

On Wednesday, the share price of Paushak closed at Rs 6,702.15 apiece on the BSE. The stock is trading 8.45% away from its b52-week high of Rs 10,379 apiece. Its 52-week low is Rs 6,180.05 apiece.

The stock in the past 2 years has given continuously negative returns. It has fallen 2.24% in 1 week, 4.71% in 1 month, 14.33% in 6 months, 28.90% in 1 year and 25.84% in 2 years, respectively. However, it has given 150.22% positive return in 3 years, 367.23% in 5 years, and 8492.50% in 10 years, respectively.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.