Midcap Aerospace & Defence Stock Fixes Record Date As Sept 08 For 20% Dividend Payout

Aerospace & Defence company Zen Technologies Ltd. on Thursday in an exchange filing informed that shareholders that the Board has fixed Friday, Sept 08, 2023, as the record date for the final Dividend of 20%. On May 06, the Board recommended a final dividend of 20% i.e. Re. 0.20 per equity share of Re. 1 each for the financial year ended March 31, 2023.

Record Date

"the Company has fixed Friday, September 08, 2023, as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend. The dividend, if approved by the shareholders at the ensuing AGM (to be held on September 16, 2023), will be paid/ dispatched within 30 days from the date of approval by the shareholders," the Board said in an exchange filing.

Dividend

"the Board of Directors of the Company at its meeting held today i.e., Saturday, May 6, 2023) has inter-alia, approved a final dividend on equity shares at the rate of 20% i.e. Re. 0.20/- per equity share of Re. 1/- each for the financial year ended March 31, 2023. The above-mentioned dividend, if approved by the shareholders in the ensuing annual general meting, shall be paid within 30 days of such approval," the Board said in an exchange filing on May 06.

Stock Outlook

Shares of Zen Technologies on Thursday fell 3.04% to Rs 809.60 per share on BSE. Its 52-week high is Rs 912.55 apiece and 52-week low is Rs 175.50 per share, respectively. The market cap of the stock is Rs 6,804.22 Crore.

The stock declined 4.84% in the past 1 week, while gained 31.995 in the past 1 month. It has given multibagger returns of 144.63% in 3 months and 203.73% in 6 months, respectively. The stock has given a multibagger return of 304.80 in 1 year, and 874.83% in 2 years, respectively. It has given 787.72% positive return. In 5 years, it has given 881.33% positive return.

About - Zen Technologies Ltd.

Incorporated in 1993, Zen Technologies Limited designs, develops and manufactures state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide and is a leader in providing Counter-Drone Solutions for safeguarding the borders, critical infrastructures, etc. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE, and the USA.

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