Multibagger Small Cap Stock Declares Rs 6/Share Dividend On Weekend, How To Earn It?

Small cap company operating in Industrial Products sector, Axtel Industries Ltd shares witnessed 1.35% gain on March 8, 2024 to Rs 586.50 per share. Board of Directors of Axtel Industries on Saturday declared an interim dividend of Rs 6.00 i.e. 60% per equity share of Rs 10 for the financial year 2023-24 at its meeting held today. The company fixed March 20, 2024 as the record date for interim dividend. Axtel Industries shares declined 14.77% in last 3-months and gained 147% in last 1-year. Check details below:

Axtel Industries Declares Dividend, Sets Record Date: As per the BSE filing of the company dated March 9, 2024, "Pursuant to Regulation 30 and 43 read with Schedule III of SEBI (LODR) Regulations, 2015, we hereby would like to inform you that the Board of Directors of our Company has declared interim dividend @ Rs. 6.00 (Rupee Six only) i.e., 60% per equity share of Rs. 10 for the financial year 2023-24, at the meeting of the Board of Directors held on 9th March, 2024."

Further, pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, Wednesday, 20th March, 2024 has been fixed as the record date for the purpose of determining entitlement of the shareholders for the interim dividend.

Axtel Industries Dividend History: Axtel Industries announced 7 dividends since September 17, 2018. In the last 12 months, Axtel Industries announced an equity dividend amounting to Rs 3.00 per share. If the current share price of Rs 586.50 is taken into consideration, Axtel Industries's dividend yield is 0.51%.

How To Be Eligible For Axtel Dividend? The company fixed March 20, 2024 as the record date for Rs 6/share interim dividend. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Therefore, record date plays a key role in deciding the eligibility of shareholders for the dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company.

Axtel Industries Shares Performance & Return: The 52-week high price of Axtel Industries shares on BSE is Rs 850.30 apiece and 52-week low price is Rs 230.60 apiece, respectively. The company has a market capitalisation of Rs 947.48 crore. Axtel Industries shares fell 10% in last 1-month, surged 46% in last 6-months, and gave return 113% in last 2-years, and rallied 82% in last 3-years. In last 5-years, Axtel Industries stock gained 365% and soared 8278% in last 10-years. The PE of Axtel Industries is 24.99 and ROE is 35.03. Its EPS (TTM) is 23.47.

Disclaimer:

The stock highlight 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 stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.