Rs 20 Dividend: Multibagger Petrochemicals Stock Set To Trade Ex-Date, Check Eligibility

Small cap company from the petrochemicals sector, Tide Water Oil (India) Ltd shares set to trade ex-dividend on July 4, 2024. Current market price of Tide Water Oil share on BSE is Rs 2292.65 per share with intraday gain of 6.19% as on June 28, 2024. Tide Water Oil shares offered eye-catching returns of 64% in last 3-months and 127% return in last 1-year. The company's market capitalisation stood at Rs 3,994.71 crore. Check details below:

Tide Water Oil To Go Ex-Dividend: As per the exchange filing of the company issued as on May 18, 2024, "recommended final dividend of 1000% (Rs.20/- per share) on the ordinary shares of the Company for the year ended 31st March, 2024 subject to the approval of the shareholders in the ensuing 101St Annual General Meeting absorbing a sum of shareholders in the ensuing 101St Annual General Meeting absorbing a sum of 30 days of the date of its declaration i.e. within 30 days from the date of the 101st AGM."

LIC Stake In Tide Water: Life Insurance Corporation Of India has 1.12% stake in Tide Water with 196,007 shares of the company. FII/FPI surged holdings from 1.38% to 1.51% in March 2024 quarter. Number of FII/FPI investors jumped from 59 to 62 in March 2024 quarter.

Tide Water Oil Financils: The small cap firm declared its consolidated revenue from operations for March 31, 2024 quarter at Rs 486.82 crore, up 3.6% as against Rs 469.91 crore announced in the corresponding quarter of last year. The consolidated total income of Tide Water Oil for the March 2024 quarter announced at Rs 494.98 crore from Rs 474.17 crore in March 2023 quarter.

Total expenses announced at Rs 443.63 crore for March 2024 quarter as compared to Rs 433.13 crore announced in the corresponding quarter of last year. The EPS for March 2024 quarter announced at 25.25 from 20.25 in March 2023. For whole year, the total income declared at Rs 1953.14 crore for the year ended March 2024 from Rs 1868.79 crore in March 2023.

Tide Water Oil Shares Performance & Return: The 52-week high price of Tide Water Oil shares on BSE is Rs 2323.00 apiece (as on 28/06/2024) and 52-week low price is Rs 1000.20 apiece, respectively. Tide Water Oil shares gained 62% year-to-date, soared 61% in last 6-months, zoomed 120% in last 2-years, and offered return of 137% in last 5-years. In last 3-years, Tide Water Oil stock declined over 5%.

How To Be Eligible For Tide Water Oil Dividend: Record date plays key role in deciding eligibility of shareholders for obtaining dividend income. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Tide shares will go ex-dividend on July 4, 2024 for final dividend of Rs 20/- per share.

Tide Water Oil set its book closure date between July 5 till July 11. Ideally, ex-date and record date is just a day before the book closure date begins.

About: It came into existence in 1921 and operates in petrochemicals sector. Tide Water Oil Co. (India) Ltd., owner of brand Veedol, is a leading manufacturer and marketer of quality lubricants. It has been catering to both the automotive and industrial segments since 1928.

Disclaimer: The stock just highlights the dividend, Q4 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.