2 Upcoming Dividend Paying Chemical Stocks: Check Payout, Record Date & Other Details

Sudarshan Chemical Industries and Punjab Chemicals and Crop Protection Ltd are the two small-cap companies in the chemical sector. For the purpose of Rs 1 per share dividend and Rs 3 per share dividend, Sudarshan Chemical Industries and Punjab Chemicals and Crop Protection have declared record dates respectively. Post which the two dividend-paying chemical stocks are the focus of the market watchers.

Sudarshan Chemical Industries Dividend

"The Board of Directors at its meeting held on 17th May, 2024 has recommended Final Dividend of Rs 1.00/- per Equity Share of Rs 2.00/- each (i.e. 50%) for the Financial Year 2023-24 and if approved by Shareholders at the ensuing 73rd AGM of the Company, such Final Dividend shall be paid within the statutory timelines to those Shareholders whose name appears as on Friday, 26th July, 2024 i.e. the Record Date," said the company in a regulatory filing.

"Pursuant to Regulations 30(2), 34 and 53(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit a copy of the Annual Report for the Financial Year 2023-24, along with Notice convening 73rd AGM scheduled as aforesaid, as circulated to the Shareholders through electronic mode today i.e. on Thursday, 11th July, 2024, whose email addresses were registered with the Company/Registrar and Transfer Agent/Depository Participant(s), in accordance with the applicable Circulars issued by The Ministry of Corporate Affairs ("MCA") and Securities and Exchange Board of India ("SEBI")," the company further informed stock exchanges.

Punjab Chemicals and Crop Protection Upcoming Dividend

The Board has recommended a dividend of 30% i.e. Rs. 3/- per equity share on equity shares of Rs.10/- each.

For the purpose of above said dividend, the company has informed stock exchanges by saying that "Pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Register of Members and the Share Transfer Books of the Company shall remain closed from Friday, the 26th July, 2024 till Friday, the 2nd August, 2024 (both days inclusive) for taking record of the Members of the Company for the purpose of the 48th Annual General Meeting (AGM') and payment of dividend subject to tax deducted at source, if declared by the Members of the Company at the AGM to be held on Friday, 2nd August 2024. The record date for determining the eligibility of members for the purpose of dividend payment will be Thursday, 25th July, 2024."

About Sudarshan Chemical Industries

Organic, inorganic, and effect pigments are only a few of the high-end pigments that Sudarshan offers worldwide. With more than 70 years of expertise, Sudarshan Chemical Industries Limited is a multinational producer of colour and effect pigments, specialising in solvent dyes and pigments for coatings, plastics, printing, digital printing, cosmetics, and specific uses.

About Punjab Chemicals and Crop Protection Limited

Phosphorous derivatives, specialty chemicals, APIs, agrotechnicals, agro formulations, and pharmaceutical intermediates are all produced by Punjab Chemicals.