1150% Dividend, Yield 4.47%: Engineering Stock To Go Ex-Dividend, Shares Jump 46.89%

Small cap engineering sector company Stovec Industries Ltd share will trade ex-dividend tomorrow i.e. May 27, 2024. Current market price of Stovec Industries share on BSE is Rs 3889.70 per share with intraday gain of 4.85% as on May 24, 2024. Stovec Industries shares offered stunning returns of 46.89% in last 1-month span and highest return of 654$ in last 10-years. The company had declared an interim dividend of Rs 115/- per equity share of Rs 10/- each on May 9, 2024.

Stovec Industries Recommends Dividend: According to the exchange filing issued as on May 9, 2024, "declaration of interim dividend of Rs. 115/- per equity share of Rs. 10/- each (i.e. 1150 %) for the financial year 2024 and Board has fixed May 27, 2024 is the record date for payment of said interim dividend to the members who will hold the shares on this record date and the payment will be made on or before its due date."

Stovec Industries Dividend History: The company announced 27 dividends since July 9, 2001. In last 1-year, Stovec Industries announced an equity dividend amounting to Rs 174.00 per share. At the current share price of Rs 3889.7000, Stovec Industries offers a dividend yield of 4.47%.

Stovec Industries Q4 Results: It announced a stunning jump of 93.88% in its net profit to Rs 4.75 crore for the quarter ended March 2024 as against Rs 2.45 crore declared in the corresponding quarter of last year. The company's sales surged 35.05% to Rs 59.96 crore for the quarter ended March 2024 as compared to Rs 44.40 crore reported in the similar quarter of last year.

Stovec Industries Share Performance & Return: The 52-week high price of Stovec Industries shares on BSE is quoting at Rs 4,372.00 apiece (as on 18/05/2024) and 52-week low price is quoting at Rs 2050.00 per share (as on 31/05/2023), respectively. The company has a market capitalisation of Rs 812.18 crore. Stovec Industries shares gained 49% in last 3-months, rallied 63% in last 6-months, soared 87% in last 1-year, and offered return of 71% in last 3-years.

About: Stovec Industries Ltd., was founded in 1972 to fulfill global and local requirements for engraving, printing and allied offering. The Gujarat based company has been focusing on production innovation for rendering competing solutions. The company is trusted all over markets for Screens For Textile Printing, Rotary Screen Textile and more, according to its official website.

Disclaimer:

The stock just highlights the dividend, Q4 results 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 ay losses. Please consult a professional advisor.