Small Cap Financial Sector Stock Recommends 40% Final Dividend; Check Details Here

Anand Rathi Wealth Ltd, in its Board Meeting held on April 12, 2023, recommends a final dividend of 40%. The same, if approved, will be paid within 30 days from the date of the AGM. Anand Rathi Wealth is a small-cap financial sector company having a market capitalisation of Rs 3,551.21 crore.

Approves & Recommended Final Dividend

In its exchange filing, the Board of Directors of Anand Rathi Wealth Ltd said, "Approve and Recommend Final Dividend of 140 % (i.e. Rs. 7 per equity share) for the financial year 2022-23. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM") will be paid within 30 days from date of AGM."

Stock Performance and Outlook

The stock last traded at Rs 852.65 apiece, up 2.68% from the previous close of Rs 830.40 apiece on BSE. Its 52 week high is Rs 884 apiece and 52 week low is 607.50 apiece, respectively. The stock has given 5.01% positive return in the past 1 week, and 9.22% in the past 1 month, respectively. It has given 28.48% positive return in the past 1 year. Since its listing date, on 14 December 2021, it has given 46.13% positive return.

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