Dividend Stocks: 6 Companies That Fixed Record Date For Dividend, 1 To Go Ex-Dividend

Six companies recently fixed record date for dividend. These mid cap and small cap companies are Asian Hotels (East), Rites, Mitsu Chem Plast, SEAMEC, Supershakti Metaliks, Rites, and Panchsheel Organics. Meanwhile, shares of Stovec Industries will trade ex-dividend on August 21, 2023 for Rs 157 per equity share of Rs 10/- each. The small company declared one-time special dividend of Rs 157 per equity share i.e. 1570% for the FY 2023. Check details below:

1. Rites: Mid cap miniratna company operating in services sector, Rites Ltd on August 18, 2023 fixed September 8, 2023 as the record date for final dividend, if approved. Rites shares offered shareholders return of 67% in last 1-year and 70% return in last 1-year. Last trading price of Rites stock on BSE is Rs 452.10 apiece with intraday decline of 1.18% as on August 18, 2023.

According to the BSE filing of Rites dated August 18, 2023, "Final Dividend, if approved at the Annual General Meeting, will be paid to those shareholders whose name appear in the Register of Members of the Company and to those shareholders whose name appears in the Statements of beneficial ownership furnished by NSDL and CDSL at the end of business hours on 8th September 2023."

2. Asian Hotels (East): The company fixed September 4, 2023 as the record for the purpose of determining the Members eligible to receive dividend for the financial year 2022-23. Earlier this year on May 22, 2023, Board of Directors recommended dividend of 25% i.e. Rs. 2.50/- per fully paid-up equity shares of Rs. 10/- each for the year ended 31st March, 2023, subject to a declaration of the same by the Members at the ensuing 16th Annual General Meeting (AGM) and it will be credited/dispatched to the members on or before 30 days from the date of AGM.

Last trading price of Asian Hotels (East) share is Rs 120.85 apiece on BSE. Asian Hotels has a market capitalisation of Rs 208.97 crore. In last 6-months, Asian Hotels share soared 8%, declined 8% in last 1-year, gave 29% return in last 2-years, and 49% return in last 3-years. The company operates in Tourism & Hospitality sector and it paid off all its debts.

3. Mitsu Chem Plast: The company fixed September 7, 2023 as the record date for the purpose of payment of dividend, if approved by the shareholders at the ensuing Annual General Meeting. Last trading price of Mitsu Chem Plast share is Rs 175.45 apiece. The company has a market capitalisation of Rs 211.81 crore. Mitsu Chem Plast stock declined 39% in last 1-year and 11% in last 6-months. In last 3-years, Mitsu Chem Plast stock rallied 78% and 219% in last 5-years. The company operates in plastic sector.

4. SEAMEC Ltd: The small cap shipping sector company fixed August 25, 2023 as the record date for interim dividend. According to the BSE filing, "This is to re-iterate that the Board of Directors have declared an Interim Dividend at the rate of 10%, i.e. INR 1 per equity share of Rs. 10 each to be paid on or before September 1, 2023 to those Equity Shareholders holding shares as on the Record Date of Friday, August 25, 2023."

Last trading price of SEAMEC share is Rs 672.65 apiece. It has a market capitalisation of Rs 1710.21 crore. SEAMEC shares tumbled 22% in last 1-year and fell 24% YTD. In last 3-years, SEAMEC shares soared 68% and jumped 127% in last 5-years.

5. Supershakti Metaliks: The stock soared 10% on August 18, 2023. Last trading price of Supershakti Metaliks share is Rs 550.00 apiece with shares trading new 52-week high on August 17, 2023. The company has a market capitalisation of Rs 633.89 crore. Supershakti Metaliks stock has given 52% return in last 1-year, 79% return in last 3-years, and 172% return in last 3-years. The company fixed September 1, 2023 as the record date for dividend.

Earlier this year on May 22, the Board of Directors of the Company recommended Dividend of = 1.00/- per Equity Share having face value of @ 10/- each i.e. 10% on the Equity Shares of the Company for the Financial Year 2022-23." The small cap company operates in metals & ferrous sector.

6. Panchsheel Organics: Last trading price of the small cap pharmaceuticals sector stock is Rs 168.40 apiece. The company has a market capitalisation of Rs 198.40 crore. In last 1-year, Panchsheel Organics stock declined 34%, gave return of 233% in last 2-years, 259% in last 3-years, and soared 362% in last 5-years.
In last 10-years, Panchsheel Organics stock rallied 1430%.

The board of Panchsheel Organics fixed August 25, 2023 as the record date for interim dividend of Re 0.80 per share of Rs 10 each for the FY 2023-24. The board of directors of Panchsheel Organics declared Re 0.80 per share interim dividend on August 14, 2023.

7. Stovec Industries: Last trading price of Stovec Industries share is Rs 2636.70 per share with intraday jump of 1.94%. Its market capitalisation is Rs 550.55 crore. Stovec Industries shares soared 26% in last 3-months and 35% in last 3-years.

Disclaimer: The stocks just highlight the dividend and are 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.