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25% Dividend: Small Cap Chemicals Stock Below Rs 100 Fixed Record Date For Final Dividend
NACL Industries Ltd. Chemicals Sector small cap company, on Friday, July 28, announced the record date for 25% final dividend i.e. Rs 0.25/- per equity share of face value of Rs 1 each for the Financial Year ended Mar 31, 2023. The company fixed the Record Date as Sept 08, 2023, for the said final dividend. The Market cap of NACL Industries is RS 1,656.55 Crore.
Dividend & Record Date
According to the Regulatory filing by NACL Industries Ltd., In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed the 'Record Date' for payment of Final dividend as follows:"
| Type of Security | Record date | Purpose |
|---|---|---|
| Equity shares of Rs. 1 /-each fully paid up | September 08, 2023 | Determination of members eligible for payment of Final dividend of Re. 0.25 /per equity shares (i.e. 25% on equity shares of face value of Rs.1 each) for F.Y 2022-23. |
The company further added, "Upon Shareholders approval, dividend entitlement will be as follows:
a. In respect of shares held in physical form, all those members whose names will appear in the Company's Register of Members as on close of Friday, September 08, 2023.
b. In respect of shares held in dematerialised form, all those beneficial owners as per details furnished by the National Securities Depository Limited and the Central Depository Services (India) Limited as on close of Friday, September 08, 2023."
Stock Outlook
On Friday, NACL Industries' stock falls 6.10%, closed at Rs 83.31 apiece from its previous close of Rs 88.72 apiece. The stock hit an intraday high of Rs 88 and an intraday low of Rs 82.40 apiece on BSE. Its 52-week-high is Rs 110.80 apiece and its 52-week-low is Rs 71.85 apiece.
The stock declined 5.18% in 1 week. It declined 11.98% in 1 month and 12.81% in 6 months, respectively. The stock jumped 7.83% in 1 year. It jumped 113.89% in 3 years and 126.39% in 5 years, respectively. In 10 years, it gave 1977.56% return.
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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