Small Cap Financial Services Stock Turning Ex-Dividend Next Week, 70% Final & 80% Special Dividend

CARE Ratings Ltd., a Financial sector small-cap company, is set to trade ex-Dividend next Week. The stock in a Board meeting held on May 11, 2023, fixed Jul 07, 2023, as the record date for a final dividend of Rs 7 per equity share (70%) of Rs 10 each and a special dividend of Rs 8 per equity share (80%) of Rs 10 each for the Financial Year 2022-23.

Final & Special Dividends

According to a regulatory filing by the Board of Directors of CARE Ratings Ltd., "Recommended a final dividend of Rs. 7/- (Rupees Seven only) per equity share of face value of Rs. 10/- (Rupees Ten only) each and a special dividend of Rs. 8/- (Rupees Eight Only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year 2023. The said dividend, upon approval by the shareholders, will be paid to shareholders within 30 days of the date of the Annual General Meeting."

It stated, "The Record date for the purpose of payment of Dividend will be July 7, 2023."

Stock Overview

On Wednesday, the stock of CARE ratings closed 1% higher at Rs 692.35 crore. It traded the 52 week high at Rs 722.10 apiece, while the 52 week low at Rs 410.60 apiece on BSE. It has a market capitalisation of Rs 2,056.32 crore.

The stock declined 0.06% in 1 week and jumped 3.43% in 2 months. It jumped 4.84% in 1 month and 11.95% in 3 months, respectively. It has given 65.14% positive return in 1 year, and 64.75% in 3 years, respectively. It has given 44.74% negative return in the past 5 years.

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