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25% Dividend: Construction Stock Sets Record Date For Final Dividend, Up 114.96% In 3 Yrs
PNC Infratech Ltd, a Civil Construction company, today, Sept 06, 2023, fixed the record date for 25% Dividend as Friday, Sept 22, 2023. On May 26, 2023, the Board of Directors of the company recommended a final dividend of 25% i.e. Rs.0.50/- per equity shares at face value of Rs. 2/- each for the financial year 2022-23. The recommended dividend is subject to approval by the shareholders of the company at the AGM.
The Board of the company informed that the 24th Annual General Meeting (AGM) of the Company will be held on Friday, Sept 29, 2023, through Video Conferencing (VC')/ Other Audio Visual Means ('OVAM').
| Particulars | Relevant dates |
|---|---|
| Book closure date for AGM and Dividend | From Saturday, September 23, 2023 to Friday, September 29,2023 (both days inclusive) |
| Record date / cut-off date to vote on AGM resolutions/ entitlement to receive dividend | Cut-off date Friday, September 22, 2023 |
| Remote e-voting period | Commences on: Tuesday, September261 2023 (9.00 A.M.) Ends on: Thursday, September 28,2023 (5.00 P.M.) |
| Dividend Payout Date | Within 30 days from the date of approval by Shareholders at AGM |
According to the regulatory filing by the Board of Directors of the company on May 26, 2023, " Recommended a final dividend of 25o/o i.e. Rs.0.50/- (Fifty Paise) per equity shares at face value of Rs. 2/- each for the financial year ended 31st March,2023, subject to the approval of the shareholders at the forthcoming Annual General Meeting ("AGM") of the Company, which if approved, shall be paid, within thirty days from the conclusion of the AGM;"
Shares of PNC Infratech today closed at Rs 349.20 per share, up 1.41% from the previous close. The stock opened at Rs 347.55 per share, while the previous close was Rs 344.35 per share.
The stock surged 6.79% in 1 week, however, it declined 0.82% in 1 month. Stock stock gained 23.90% in the past 1 year. It gained 114.96% in 3 years, and 129.13% in 5 years, respectively.
The stock touched its 52-week high on July 06, 2023, at Rs 367.90 per share and 52-week low on Sept 26, 2022, at Rs 247.50 per share.
PNC Infratech is a midcap company having a market cap of Rs 8,958.35 Crore.
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.
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