Small Cap Stock Jumps 8.3% In 1 Week As Board Recommends Dividend, Rallies 6.65%; Know More

CSL Finance Ltd. on Monday, May 29, 2023, recommended a final dividend of Rs. 2.50/share of face value of Rs. 10 each i.e. 25% for the financial year ended March 31st, 2023. The dividend is subject to approval at the Annual General Meeting (AGM). It is a small-cap financial services stock having a market capitalisation of Rs. 470.73 crore.

Recommends Dividend

The Board of Directors of CSL Finance Ltd. in a regulatory filing has said, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we would like to inform you that the Board of Directors of the Company in its meeting, held today i.e., Monday, May 29, 2023, recommended a final dividend of Rs. 2.50/- (Rupees Two and Fifty Paisa only) per equity share of face value of Rs.10/- each (25%) for the financial year ended March 31, 2023. The said dividend, if declared by the members of the Company at the ensuing Annual General Meeting, shall be credited/dispatched to the shareholders within 30 days of declaration and any further information in this regard including record date etc. shall be given to the stock exchange in due course."

Stock Outlook

On Friday, the stock rallied 6.65% and closed at Rs. 227.05 apiece. It has given 8.3% past in 1 week. It jumped 9.56% in the past 1 year. In 3 years, it gave 229.81% robust return. In 5 years, it gave 9.34% positive return.

The stock's 52 week low is Rs. 189.10/share and 52 week high is Rs. 307/share, respectively.

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