600% Dividend Income: Small Cap Power Stock To Trade Ex-Dividend For Rs 60/Share

Small cap stock operating in power sector, Voltamp Transformers Ltd will trade ex-dividend for 400% final dividend and 200% special dividend on July 31, 2023. Voltamp Transformers shares offered 67% return in last 3-months, 87% return in last 6-months, and 345% gain in last 3-years. Check details below:

Voltamp Transformers To Trade Ex-Dividend For Rs 60/share: The Board of Directors in their meeting held on 25th May, 2023 recommended dividend of 40/- per equity share of face value of Rs 10 each for the financial year ended 31st March, 2023. In addition, the Board of Directors has also recommended payment of one-time special dividend@ 200% i.e. Rs.20 per equity share, to commemorate successful completion of 60 years in transformer business. With that total dividend recommended by Board of Directors is 600%, i.e. Rs. 60 per equity share of Rs.10 each, for the financial year ended 31st March, 2023 subject to approval of shareholders at the ensuing Annual General Meeting."

Voltamp Transformers Dividend History: The company so far announced 19 dividends since September 2007. Voltamp Transformers Ltd declared an equity dividend amounting to Rs 35.00 per share on May 25, 2022. It offers a dividend yield of 0.75%.

Voltamp Transformers Stock Performance & Return: Last trading price of Voltamp Transformers share is Rs 4663.90 per share. Its 52-week high price is Rs 4849.85 per share and 52-week low price is Rs 2352.00 per share, respectively. Its market capitalisation is Rs 4718.52 crore. Voltamp Transformers stock gave investors return of 206% in last 2-years, 424% return in last 5-years, and 1062% return in last 10-years.

Voltamp Transformers Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 450.69 crore, up 21% as against its last quarter total income of Rs 371.20 crore. It announced its latest quarter net profit after tax at Rs 76.57 crore.

Voltamp Transformers About: Voltamp Transformers Limited was established in 1963. The company is based in Vadodara. It has installed facility to manufacture oil filled power and distribution transformers up to 160 MVA, 220 KV class, Resin impregnated Dry type Transformers up to 5 MVA, 11 KV class (In Technical collaboration with MORA, GERMANY) and Cast Resin Dry type Transformers up to 12.5 MVA, 33 KV class (In Technical collaboration with HTT, GERMANY), according to its official website.

Disclaimer: The stock 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 ay losses. Please consult a professional advisor.