Morganite Crucible (India), a BSE-listed company, has fixed the record date for a massive dividend of Rs 30 per share. At a stable return on equity (RoE) of 18.84%, this metal company will turn ex-dividend on Tuesday, November 26, 2024. The dividends will be applicable only to those investors who are holding Morganite stock by the end of the record date. Check out key details!
Morganite Crucible (India) Dividend:
As per the regulatory filing, the company fixed Tuesday, November 26, 2024, as the record date for the purpose of determining the Members eligible for interim dividend on equity shares.
The company is scheduled to deliver an interim dividend of about Rs 30 per share to those members whose names appear in the Register of Members of the company/ List of Beneficial Owners as received from the National Securities Depository Limited ("NSDL") and Central Depository Services (India) Limited ("CDSL") as on the 'Record Date' i.e November 26, 2024.
This will be the second dividend by Morganite in over four months. In 2024, earlier, the company delivered up to Rs 12 dividend per share.
On its website, Morganite Crucible has advised its security holders about the tax payout on dividend benefits.
The Sebi guidelines dated November 03, 2021 (subsequently amended by circulars dated December 14, 2021, March 16, 2023 and November 17, 2023) mandated that the security holders (holding securities in physical form), whose folio(s) do not have PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature updated, shall be eligible for any payment including dividend, interest or redemption in respect of such folios, only through electronic mode with effect from April 01, 2024, upon their furnishing all the aforesaid details in entirety.
In case of non-updation of PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature in respect of physical folios, dividend/interest etc. shall be paid only through electronic mode with effect from April 01, 2024, upon furnishing all the aforesaid details in entirety.
If a security holder updates the PAN, Choice of Nomination, Contact Details including Mobile Number, Bank Account Details and Specimen Signature after April 01, 2024, then the security holder would receive all the dividends/interest etc. declared during that period (from April 01, 2024, till date of updation) about the securities held after the said updation automatically.
Morganite Crucible (India) Share Price:
After market hours of November 25, Morganite shares were at Rs 1824.70 apiece on BSE, with a market cap of Rs 1,021.83 crore. The stock was more than Rs 100 away from its 52-week high of Rs 1,964 apiece. Its price-to-equity ratio is at 42.26x, while its return on equity is at 18.84%.
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