Small Cap Chemical Stock Recommends Dividend Of 175%, Gave Returns Over 350% In 3 Yrs

Chemicals sector stock GHCL Ltd. in their Board meeting held on Saturday, April 29, 2023, recommended a dividend of Rs 17.50 per equity share of Rs. 10 each i.e. 175% for the financial year 2022-23.

The recommended dividend is subject to approval of the shareholders of the company. If approved, the dividend will be paid on or after July 1, 2023.

GHCL is a small-cap stock having a market capitalisation of Rs 4,632.57 crore. The company is engaged in the manufacturing of soda ash and home textiles.

Recommended Dividend of Rs 17.50/share

In an exchange filing, the Board of Directors of GHCL Ltd. said, "Recommended Dividend of Rs. 17.50 per equity share of Rs. 10/- each i.e. 175 % on the paid up equity capital for the financial year ended March 31, 2023. Dividend will be paid on or after July 1, 2023, if approved by the members in the ensuing Annual General Meeting."

GHCL's Stock Outlook

The stock on Friday last traded at Rs 484.65 apiece, up 0.18% from its previous close of Rs 483.80 apiece. The stock is trading 4.42% up from its 52 week low, which is Rs 464.15 apiece. The stock's 52 week high is Rs 708.80 apiece.

The stock has fallen 0.1% in 1 week, and 3.96% in 1 month, respectively. It has fallen 20.19% in the past 1 year. It gave a strong 352.52% positive return in the past 3 years. In the past 5 years, it has given 76.01% positive return.

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