Rs 157/Share Dividend In Q1: Zero-Debt Burden Stock To Mull Dividend Again On Feb 26

Small cap company operating in Engineering sector, Stovec Industries Ltd announced after market hours that its Board of Directors would hold meeting on February 26, 2024 to consider financial results and final dividend for the financial year 2023. Last trading price of Stovec Industries shares on BSE is Rs 2510.50 apiece with intraday gain of 0.42%.

Stovec Industries shares zoomed 2% in last 1-week and rallied 20% in last 1-year. The zero-debt burden company has a market capitalisation of Rs 524.20 crore. It offers a dividend yield of 8.13%. Check details below:

Stovec Industries To Consider Final Dividend, Financial Results On Feb 26: According to the BSE filing of the company dated February 19, 2024, "meeting of Board of Directors of the Company is scheduled to be held on Monday, February 26, 2024 to consider and approve, inter alia, the following:-
1. the Audited Financial Results of the Company for the quarter and year ended on December 31, 2023.
2. Recommend final dividend, if any, on the equity shares of the Company for FY2023."

Stovec Industries Dividend History: Stovec Industries announced 25 dividends since July 9, 2001. In the last 12 months period, it announced an equity dividend amounting to Rs 204.00 per share. If the current share price of Rs 2510.50 is taken into consideration, Stovec Industries offers dividend yield of 8.13%.

Stovec Industries Shares Performance & Return: The 52-week high price of Stovec Industries shares on BSE is Rs 2700.00 apiece and 52-week low price is Rs 1810.00 apiece, respectively. Stovec Industries shares gained 3% in last 2-weeks, declined 4% in last 6-months, soared 4% in last 2-years, and offered return of 26% in last 3-years.

About: Stovec Industries Ltd., was founded in 1972 to fulfill global and local requirements for engraving, printing and allied offering. The Gujarat based company has been focusing on production innovation for rendering competing solutions. The company is trusted all over markets for Screens For Textile Printing, Rotary Screen Textile and more, according to its official website.

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