Angel One: Small Cap Stock Broking Firm Recommends A Dividend Of Rs 13.6

Angel One Limited has recommended a dividend of Rs 13.6 per equity share. The announcement was made after board meeting through a subsequent press releases filed on stock exchange along with Q4FY23 results. The details are given below.

According to the press release, Angel One Ltd's board of directors have approved and recommended the final dividend of Rs 4 /- per equity share for the financial year 2022-23. The dividend, if approved by the members of the company at the ensuing Annual General Meeting ("AGM"), will be paid within 30 days from date of AGM.

In another press release filing, the company mentioned that "the board of directors recommended a dividend of Rs 13.6 per equity share of Rs 10 each, as a combination of interim and final dividend, equivalent to 43% of consolidated profit after tax for the quarter.

The company has a good track record of paying dividends. Last year its payout was of 37%. Shown below is the graph of dividends paid over past few quarters.

(Source:Company's investor presentaion)

The current market price of Angel One Ltd's stock closed at Rs 1274.25 per share, it was up by 0.91% or 11.50 points over previous day's closing. In last one year stock price has declined by nearly 22.92% and since its listing in October 2020, it has grown massively by 378.77%.

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