Rs 40/Share Final Dividend Recommended: Small Cap Chemical Stock Declares

1. Foseco India Ltd Declares Final, One-Time Special Dividend

According to the BSE filing of the company, "The Board of Directors of the Company has recommended for approval of the Members at the next Annual General Meeting of the Company, a final dividend of Rs. 25/- (250%) on a paid-up equity share of Rs. 10/- each for the financial year ended 31 December 2022, plus a one-time special dividend of Rs. 15/- (150%) giving a total final dividend of Rs. 40/- (400%) per share. The one-time special dividend is recommended on completion of 65 years of the Company in the current year 2023."

2. Foseco India Ltd Stock Performance & Return

The last trading price of the stock is Rs 1995.00 apiece with intraday fall of 1.24%. The stock's 52-week high is Rs 2177.95 apiece and 52-week low is Rs 1245.40 apiece, respectively.

Foseco India delivered attractive returns to investors in last 5-years with 1-year return of 50%, 2-years return of 62%, and 3-years return of 51%.

3. Foseco India Ltd About

Foseco, is a world leader in the supply of foundry consumables and solutions. It was incorporated in 1958. Foseco India is the leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry.

Its products are sold directly and indirectly to industries like Passenger Cars and SUVs, Commercial Vehicles, Agricultural Machinery, Construction, etc. Its products also has usage in Steel Petrochemical and food industry valves and pumps.

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