Rs 3/Share Dividend: Midcap Telecom Stock Set To Trade Ex-Dividend On Saturday, August 05

The board of directors of Route Mobile Ltd. on Friday, July 28, informed that they have declared the Interim Dividend of Rs. 3/- per equity share of Rs. 10/- each of the Company for the Financial Year 2023-24. The Board also Fixed Record Date for the said dividend as Aug 05, 2023.

Route Mobile is a Telecommunication sector Midcap company having a market cap of Rs 9,393.33 Crore.

"Declared the Interim Dividend of Rs. 3/- per equity share of Rs. 10/- each of the Company for the F.Y 2023-24," Board said in an exchange filing.

Series	Equity (EQ)
Record Date	August 5, 2023 (Pursuant to Regulation 42 of the Listing Regulations, for the purpose of ascertaining the eligibility of the shareholders for payment of Interim Dividend)
Purpose	Payment of Interim Dividend for the Financial Year 2023-24
Dividend Per Share	Rs. 3/- (Rupees Three Rupee Only)
Dividend Payment Date	The Interim Dividend approved by the Board of Directors at its meeting held on Friday, July 28, 2023, will be paid to the Members on or before August 25, 2023.
Tax Deductible at Source on Dividend:	Pursuant to Finance Act, 2020, dividend income will be taxable in the hands of the shareholders with effect from April 1, 2020. Hence, the interim dividend declared by Board of Directors shall be paid after deducting tax at source ('TDS') in accordance with the provisions of the Income Tax Act, 1961. Members are requested to submit all requisite documents on or before August 5, 2023, to enable the Company to determine the appropriate TDS rates, as applicable. A separate communication in this regard will be sent to the shareholders in due course

On Friday, the shares of Route Mobile closed 2.12% down at Rs 1504.30 apiece with intraday high and low of Rs 1558 and Rs 1489.85 on BSE, respectively. It quoted 52-week-high on July 17, 2023, at Rs 1759.50 apiece, while the 52-week-low on Jan 23, 2023, at Rs 1131 apiece.

The stock surged 0.92% in the last 1 week, while declined 5.41% in the last 1 month. It gained 18.46% in 3 months and 24.56% in 6 months, respectively. It gained 21.81% in 1 year and declined 30.82% in 2 years.

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