4:1 Bonus Shares Approved, 5% Dividend: Penny Stock Rallies 88.08% Year-To-Date

Small cap stock operating in trading & distrubutors industry, Sakuma Exports Ltd today approved 4:1 bonus share implying shareholders will be eligible to receive 4 bonus shares for every one share held as on the record date. Current market price of Sakuma Exports share on BSE is Rs 35.34 per share. Sakuma Exports Ltd shares offered return of 164.5% in last 1-year and gained 88% year-to-date.

Sakuma Exports has also recommended a final dividend of 5% as well and yet to announce the record date for the same. The company has a market capitalisation of Rs 1108.06 crore. Check key details below:

Sakuma Exports Recommends Bonus Share: As per the BSE filing of Sakuma Exports issued as on July 1, 2024, "Approved Issue of Bonus Shares by way of capitalization of Capital redemption Reserves, Securities Premium Account, and General Reserves account as on 31st March, 2024 to the equity shareholders of the Company in the ratio of 4: 1 i.e., 4 (Four) new fully paid-up Equity Shares of Re. 1/- (Rupee One only) each for every 1 (One) existing fully paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to the approval of the shareholders of the Company."

Sakuma Exports Dividend: The BSE filing issued as on May 30, 2024 stated, "Board of Directors at their meeting have recommended final dividend of 5% (Re 0.05/- per equity share) for the financial year ended 31st March, 2024 subject to approval of the shareholders at the 19th Annual General Meeting."

Sakuma Exports Share Performance: The 52-week high price of Sakuma Exports shares on BSE is Rs 39.15 per share (as on 24/06/2024) and 52-week low price is Rs 13.18 per share (as on 04/07/2023), respectively. Sakuma Exports shares offered return of 33% returns in 3-months, gained 169% in last 2-years, and offered return of 108% in last 5-years.

Sakuma Exports About: SEL is known as a leading buyer, processor, marketer, exporter and importer of bulk agricultural commodities namely sugar, edible oils, oil seeds, pulses, cotton and a number of specialty crops. SEL also offers innovative financial structured products which linked to physical commodities, according to its official website.

Disclaimer: The stock highlights the bonus share 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.