Midcap Trading Stock Turning 360% Ex-Dividend On July 07, Up 323.88% In 3 Years

Redington Ltd., a Midcap Trading sector company, recommended a dividend of Rs 7.20/share (i.e. 360%) of Rs 2 each for the financial year 2022-23, which is turning ex-dividend in July. The Board of Directors of the company in a meeting held on May 16, 2023, recommended the dividend and also fixed the 'Record Date' as Friday, Jul 07, 2023, for the said dividend. It has a market capitalisation of Rs 14,539.35 Crore.

360% Dividend

In an exchange filing, the Board of Directors of the Company said, "Recommended dividend of Rs. 7.20 (360%) per equity share of Rs. 2/- each for the year ended March 31, 2023, subject to the approval of shareholders of the company at the ensuing Annual General Meeting ('AGM'). The dividend will be paid within 30 days from the date of the ensuing AGM of the Company. The Record date for payment of dividend, as recommended by the Board, is fixed as Friday, July 7, 2023."

Stock Overview

The stock last traded 0.21% down at Rs 186/share with an intraday high of Rs 187.35 apiece and intraday low of Rs 182 apiece on BSE. The stock traded its 52-week high at Rs 202.20 apiece and 52-week low at Rs 118 apiece, respectively.
The stock surged 6.77% in the past 1 month, while 9.86% in the past 3 months. It gave 48.15% return in the past 1 year. In the past 3 years, it gave 323.88% strong return. Whereas it gave 239.85% positive return in the past 5 years.

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.