Board Of Auto-Lubricants Manufacturer Stock Declare 600% Dividend, Fixes Record Date In November

The board of Tide Water Oil announced 2nd Interim Dividend of 600%, and fixed the record date on 22nd November. The stock's current market price stood at Rs. 1,011.75 a piece on NSE. The company has fixed November 25, 2022 as the record date for its dividend payment. The share price of Tide Water Oil stood at Rs. 1,011.75 at the time of writing today, on November 15.

To the stock exchanges, the company, "Declared Second Interim Dividend of 600% (Rs. 12/- per ordinary share of face value of Rs. 2/- each) for the financial year 2022-23. Determined Tuesday, 22nd November, 2022, as the record date for the purpose of the aforesaid Second Interim Dividend distribution. Dividend shall be paid within 30 days from the date of declaration (i.e. within Tuesday, 13th December, 2022)."

The company's revenue from operations in Q2 FY23 stood at Rs. 363.16 crore, up from Rs. 349.04 crore in the last quarter. Additionally, its total income in Q2 FY23 stood at Rs. 370.46 crore, up from Rs. 351.89 crore in the earlier quarter, the company informed. But, its profit before tax in Q2 FY23 fell to Rs. 21.16 crore, from Rs. 30 crore in Q1 FY23.

In the past 1 month this stock's share price fell by 0.60%. Additionally, in the last 6 months this stock's share price fell by 7.89%. The 52-week high level of this stock is Rs. 1,739, and the 52-week low level of this stock is Rs. 975.05. The small-cap company has a market capitalization of Rs. 1,763 crore.

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