400% Dividend: Small Cap Realty Stock Fixes Record Date For Final Dividend On Sept 15

Realty sector Small cap company Eldeco Housing & Industries Ltd. (ELDECO) today fixes the record date as Friday, Sept 15, 2023, for the final dividend of Rs 8/share (400%) of the face value of Rs 2 each for the financial year 2022-23.

The dividend is subject to the approval of the shareholders of the company at the AGM that is scheduled to be held on Friday, Sept 22, 2023, according to the Board of directors of the company.

Dividend & Record Date

"The Board of Directors at their meeting held on May 15, 2023, had recommended a final dividend of Rs. 8/- (400%) per equity share of face value of Rs. 2/- each for the approval of the shareholders of the Company at the AGM scheduled to be held on Friday, September 22, 2023," the board said in a filing.

The board further said, "the Company has fixed Friday, September 15, 2023 as the Record Date for determining entitlement of members to final dividend for the financial year ended March 31, 2023. The final dividend as recommended by the Board of Directors, if approved at the AGM, will be paid (subject to deduction of tax at source) to the members/beneficial owners within 30 days of it being declared as under:"

It added, "a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as on the close of business hours on Friday, September 15, 2023; b) To all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on Friday, September 15, 2023."

Stock Outllok

The shares of ELDECO on Wednesday closed 0.79% higher at Rs 738.75 per share on BSE with highs and lows of Rs 767.45 and Rs 733, respectively. The stock surged 6.43% in 1 week. It has given 7.63% in 1 year, 34.31% in 2 years, 231.77% in 3 years, and 184.04% in 5 years, respectively.

The stock hit 52-week high on Aug 01, 2023, at Rs 867.95 per share and 52-week low on Feb 13, 2023, at Rs 520.05 per share.

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