Caspian Corporate Services Fixes October 17 As The Record Date For Dividend; Stock Surges 5%

Shares of small-cap stock, Caspian Corporate Services Ltd will remain in focus next week as the company has set October 17, 2023, as the Record Date for the purpose of ascertaining the entitlement of members to the Final Dividend of Rs 0.05/- per equity share on the face value of Rs 1/- each on the equity shares of the Company for the FY 2022. Caspian shares will likely trade ex-dividend on the day or a day before the record date i..e October 17.The share price of Caspian Corporate Services Ltd closed 4.98% higher at Rs 33.49 per share on Friday.

In an exchange filing on October 4, 2023, the company said, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Record Date for the purpose of ascertaining the entitlement of members to the Final Dividend of Rs 0.05/- per equity share on the face value of Rs 1/- each on the equity shares of the Company for the FY 2022-23 as recommended by the Board of Directors of the Company in their meeting held on May 30, 2023, has been fixed as Tuesday, October 17, 2023."

"The payment of such dividend shall be subject to deduction of tax at source and will be made within 30 days from the date of approval by the shareholders in the 12" Annual General Meeting," the company added.

Caspian stock performance:

The share price of Caspian Corporate Services Ltd closed 4.98% higher at Rs 33.49 per share on Friday. The stock's 52-week high price is Rs 37.87 per share and the 52-week low price is Rs 6.26 per share, respectively. The company has a market capitalization of Rs 141.33 crore. Caspian Corporate shares gained 24.80% in the last 1 year, soared 19.81% YTD, jumped 28.75% in the last 3 years, and rallied 31.69% in the last 10 years.

Caspian Corporate Financials:

The company announced its net sales at Rs 0.26 crore for the quarter ended June 30, 2023, up 163% from the 0.10 crore announced in June 2022. The company's quarterly net profit was declared at Rs 0.02 crore in June 2023, down 58.09% as compared to Rs 0.04 crore in June 2022. Its EBITDA stood at Rs 0.02 crore in June 2023, down 66.67% as against Rs 0.06 crore in June 2022.