Small Cap Stock Below Rs 100 Fixed Record Date For 110% Dividend, Scrip Trading Near 52-Week High

In a recent development, the Board of Directors of Alembic Limited fixed Thursday, August 03, 2023, as Record Date for the 110% dividend. In a Board meeting held on May 12, 2023, the company recommended a Dividend of Rs 2.20/- per Equity Share having face value of Rs 2 each i.e. 110% for the financial year ended March 31, 2023.

The payment of the recommended dividend will be made on or from Monday, August 14, 2023, The Bard informed the stock exchange on July 12, 2023.

Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. It is a small cap company. The market cap of the company is Rs 1,958.99 Crore.

Alembic Limited

Record Date

According to the regulatory filing by the Board of Directors of Alembic Limited, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform the exchange that the Company has fixed Thursday, 3rd August, 2023 as the 'Record Date' for determining the entitlement of members of the Company to receive dividend for the financial year ended 31st March, 2023. The payment of dividend will be made on or from Monday, 14th August, 2023, upon the same being approved at the Annual General Meeting scheduled to be held on 10th August, 2023."

Dividend

According to an exchange filing by the Board of Directors of Alembic Ltd, "Recommended Dividend of Rs. 2.20/- (110%) per Equity Share having face value of Rs. 2 each for the year ended 31st March, 2023, subject to approval of Shareholders at the ensuing Annual General Meeting."

Current Market Price, 52-Wekk High/Low, and Returns

The stock's current market price on BSE is Rs 76.29 per share, down 1.51% compared to the previous close of Rs 77.46 per share. It hit an intraday high of Rs 78.80 per share and an intraday low of Rs 75.81 per share on BSE.

The shares jumped 2.20% in 1 week, 6.42% in 2 weeks, 2.33% in 1 month and 26.71% in 3 months, respectively. It jumped 5.88% in 1 year. In 2 years, it declined 43.22% and in 3 years, it declined 7.97%. It gave 158.26% positive return in 3 years, and 858.42% positive return in 5 years.

The stock is trading 6.04% down from 52-Week High of Rs 80.90 per share. Its 52-week low is Rs 55.52 per share.

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.