Small Cap Textiles Stock Recommends 270% Final Dividend, Jumps Over 100% In 3 Yrs

Cheviot Company Ltd. in their Board meeting held on Thursday, May 25, 2023, recommended a Final Dividend of Rs. 27/share i.e. 270% on 60,16,875 fully paid-up ordinary shares of face value of Rs. 10 each.

Cheviot Company is a Textiles sector company engaged in the manufacturing and sale of jute goods like Sacking, Hessian and Yarn. It is a small-cap company with a market valuation of Rs. 684.78 crore.

Recommends Dividend of Rs. 27/Share

According to an exchange filing by the company, "The Board of Directors of the Company at their meeting held on 25th May 2023 have recommended a final dividend of ₹ 27/- (270%) per ordinary share on 60,16,875 fully paid-up ordinary shares of face value of ₹ 10/- each aggregating to ₹ 16,24,55,625/- (Rupees Sixteen Crores Twenty-Four Lakhs Fifty-Five Thousand Six Hundred Twenty-Five only) for the year ended 31st March 2023, subject to approval of the members at the ensuing annual general meeting (AGM) of the Company convened to be held on Friday, 11th August 2023."

Stock Outlook

The stock of Cheviot last traded at Rs. 1,138.10 apiece, down 2.36% from its previous close of Rs. 1,165.65 apiece. It trade the 52 week high on 2 August 2022 at Rs. 1,499.85 apiece and 52 week low on 29 March 2023 at Rs. 960.30 apiece, respectively.

The stock declined 2.88% in 1 week and jumped 2.77% in 1 month, It jumped 1.08% in 1 year. It gave 102.34% positive return in 3 years. It gave 26.81% positive return in 5 years.

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