Rs 20/Share Dividend: Small Cap Tata Stock Declares Record Date, 1-Yr Return 178%

Multibagger small cap Tata Group stock from Tourism & Hospitality sector, Benares Hotels Ltd shares jumped over 15% intraday (July 7, 2023) after the company fixed August 17, 2023 as the record date for dividend of Rs 20 per share on 13,00,000 Equity Shares of Rs 10/-each. Benares Hotels shares gave return of 178% in last 1-year only and 235% return in last 2-years. Check details below:

Benares Hotels Limited Sets Record Date For Dividend: According to the BSE filing of Benares Hotels Limited, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Friday, August 18, 2023 to Friday, August 25, 2023 (both days inclusive) for reckoning the entitlement of dividend for the FY ended March 31, 2023, subject to Tax Deducted at source, if declared by the Members at the ensuing AGM of the Company to be held on Thursday, August 24, 2023. Please note that Thursday, August 17, 2023 is cut-off date for reckoning eligibility of Members for voting electronically as well as at the AGM and for payment of Dividend (payable on or after Monday, September 4, 2023), if declared/approved at the AGM."

Earlier this year on April 19, 2023 the company in its regulatory filing said, "recommended a dividend of 200 % or Rs. 20/- per share on 13,00,000 Equity Shares of Rs.10/- each subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company."

Benares Hotels Stock Performance & Return: Last trading price of Benares Hotels share is Rs 5284.95 per share as of July 7, 2023 on BSE. Its 52-week high price is Rs 5299.00 per share and 52-week low price is Rs 1812.35 per share, respectively. The company has a market capitalisation of Rs 687.04 crore. Benares Hotels stock offered return of 95% YTD, 326% return in last 3-years, and 292% return in last 5-years.

Benares Hotels About: Benares Hotels Limited is a listed public limited company incorporated in 1971. The Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and Ginger Hotel, Gondia in Maharashtra. The Company became a subsidiary of The Indian Hotels Company Limited in 2011. While Taj Ganges and Nadesar Palace at Varanasi has 144 rooms and suits, Ginger Hotel at Gondia has 34 rooms, according to its official website.

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