Rs 5/Share Dividend: Small Cap Stock Sets Record Date For 100% Dividend Payout

A small-cap firm Matrimony.com Ltd operates in the consumer discretionary industry. Matrimony.com is the top provider of marriage-related services and matching in India, with well-known brands including BharatMatrimony, CommunityMatrimony, and EliteMatrimony. The firm has been recognised for creating a number of innovative business concepts, including WeddingBazaar.com, Mandap.com, and CommunityMatrimony.com, a network of over 300 community matrimonial businesses. For FY23 the company has declared 100% dividend and in order to determine the eligibility of shareholders for the purpose of the same record date has been announced by the Board.

"The Board of Directors, at its meeting held on May 9, 2023, have recommended a final dividend of 100% (Rs 5 per equity share of par value of Rs 5 each), subject to the approval of the Shareholders," said Matrimony.com in a stock exchange filing. "We would like to inform you that the Company has fixed "Thursday", 03rd August 2023" as record date for the purpose of determining the eligible shareholders towards payment of Dividend. The Annual General meeting is scheduled to be held on 09th August 2023," informed Matrimony.com to stock exchanges on Tuesday.

Compared to Rs 11.70 crore during the same quarter of FY22, the company posted a consolidated profit of Rs 11.40 crore for the fourth quarter ended March 31, 2023. For the financial year ended March 31, 2023 the profit of the company reached Rs 46.67 crore from Rs 53.59 crore registered in the last financial year. The total income on a consolidated basis in Q4FY23 was Rs 119.96 crore compared to Rs 116.26 crore in Q4FY22 whereas its consolidated total income grew to Rs 480.15 crore in 12MFY23 as against Rs 452.43 crore in 12MFY22. Matrimony.com is yet to declare its Q1FY24 results.

The shares of Matrimony.com were trading at Rs 626.10 apiece while writing this copy. The stock made a 52-week-high of Rs 834.80 on (11/08/2022) and a 52-week-low of Rs 497.60 on (20/02/2023). During Q4FY23, the company reported promoter shareholding of 51.61%, FIIs stake of 26.04%, DIIs stake of 13.48 and public stake of 8.86%.