Gas & Petroleum Sector Small Cap Stock Recommends Rs. 8/Share Dividend; Know More

Gas & Petroleum firm Alphageo (India) Ltd. in their board meeting which was held on May 26, 2023, recommended a dividend of Rs. 8/share of Rs. 10 each for the financial year 2022-23.

The recommended dividend is subject to approval by the shareholders of the company at the AGM. This is a small-cap stock with a market capitalisation of Rs. 154.70 crore.

Board recommended dividend for financial year 2022-23

According to a regulatory filing by the Board of Directors of Alphageo (India) Ltd., "This is to inform that the Board of Directors at its meeting held today viz. 26'" May, 2023 has considered and recommended dividend of Rs. 8/- per equity share of Rs. 10/- each for the financial year ended 315* March, 2023, subject to the approval of members at the ensuing 36" Annual General Meeting of the Company."

Stock Outlook

The stock of Alphageo (India) Ltd. closed 243.05/share on Friday. It declined 1.04% in week and jumped 1.69% in 1 month.

In the past 1 year, it has fallen 20.06%. The stock has given 67.74% positive return in 3 years. It gave 66.06% negative return in 5 years.

It recorded the 52 week high on 13 September 2022 at Rs. 346.90/share and 52 week low on 31 March 2023 at Rs. 198.25/share, respectively.

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