Midcap Industrial Stock Declares Record Date For Rs 3/Share Final Dividend, Scrip Hit 52-Week High

Industrial Sector Midcap company, KEC International Ltd. in a Board meeting held on Jul 10, 2023, fixes Tuesday, July 25, 2023, as the record date for a final dividend.

The board of directors of the company recommended a final dividend of Rs 3/- per equity share of Rs 2/- each on Wednesday, May 03, 2023.

Record Date For Dividend

According to the regulatory filing by the Board of Directors of KEC International Ltd, "The Board of Directors at its meeting held on Wednesday, May 03, 2023, had recommended a final dividend of Rs. 3/- per equity share of Rs. 2/- each of the Company for the financial year ended on March 31, 2023, for approval by the Members at the Eighteenth Annual General Meeting (AGM) which is scheduled to be held on Tuesday, August 08, 2023, at 3:00 p.m. (IST) through Video Conferencing (VC) / Other Audio - Visual Means (OAVM). Other relevant details are being provided in the notice of AGM, which will be issued in due course of time. "

Moreover, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, July 25, 2023, as the Record Date for determining entitlement of Members to final dividend, if approved by the Members at the AGM."

Furthermore, "The dividend, if approved at the ensuing AGM, will be paid on or before Thursday, September 07, 2023, to those Members whose name appear in the Register of Members of the Company and/or the Register of Beneficial Owners maintained by the Depositories as on the Record Date."

Stock Outlook

On Friday, the shares of KEC International on BSE ended at Rs 603.65 apiece, hitting a new 52-week high at Rs 611.70 apiece. It hit its 52-week low at Rs 386.55 apiece. The stock has a market capitalisation of Rs 15,519.14 Crore.

The stock jumped 1.58% in 1 week, while in the past 1 month, it jumped 6.50%. It jumped 24.39% in the past 3 months. It gave 32.36% return in the past 1 year. It gave 46.14% return in the past 2 years. In the past 3 years, it gave 125.03% positive return. In 5 years, it gave 79.03% positive return.

Disclaimer

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