Rs 80/Share Dividend For FY 2022-23: Small Cap Stock To Declare Dividend On Oct 20

Small cap company Styrenix Performance Materials Ltd shares witnessed a surge of more than 10% today after the company informed that board of directors will meet on October 20, 2023 to consider and approve Unaudited Financial Results for the 2nd quarter and 6 months along with interim dividend. Styrenix Performance operates in petrochemicals sector and gave return of 48% YTD. Styrenix Performance offers a dividend yield of 8.99% if current share price is taken into consideration. Check details below:

Styrenix Performance To Consider Q2 Results and Dividend On Oct 20: As per the BSE filing of the company dated October 13, "Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of Board of Directors of the Company will be held on Friday, October 20, 2023, to inter alia: - Consider and approve the Unaudited Financial Results for the 2nd quarter and 6 months ended on September 30, 2023.
Consider the proposal of declaration of interim dividend.

The interim dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, October 31, 2023, which is proposed to be fixed as the Record Date for the purpose."

Styrenix Performance Dividend History: Styrenix Performance Materials Ltd. has declared 25 dividends since May 10, 2001. In the past 12 months, Styrenix Performance Materials Ltd. has declared an equity dividend amounting to Rs 104.00 per share. At the current share price of Rs 1156.30, this results in a dividend yield of 8.99%, according to Trendlyne.

Styrenix Performance traded ex-dividend for Rs 80/share dividend on March 24, 2023 and again traded ex-dividend for Rs 24/share dividend on August 2, 2023.

Styrenix Performance Stock Outlook & Return: Last trading price of Styrenix Performance share on BSE is Rs 1157.05 per share on BSE with intraday gain of 10.81%. Its 52-week high price is Rs 1229.45 per share and 52-week low price is Rs 692.10 per share, respectively. The company's market capitalisation is Rs 2034.74 crore. Styrenix Performance shares gained 44% in last 6-months, gave return of 36% in last 1-year, fell 29% in last 2-years, and offered return of 117% in last 3-years.

Disclaimer: The stock just highlights the dividend 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.

Focus key: Styrenix Performance