BSE 500 Stock To Pay 300% Dividend; Record Date On The Last Date of July; Right Time To Buy Or Wait?

Usha Martin was founded in 1960 and is currently the top supplier of speciality steel wire rope solutions in both India and the world. Additionally, the company manufactures low relaxation prestressed concrete steel strand (LRPC), premium wires, custom endfits, accessories, and associated services. Since the Board has announced a record date for a 300% dividend, traders searching for upcoming dividend-paying stocks may want to consider Usha Martin. However, is it the right time to purchase the stock? Let's look for the solution below.

Usha Martin Dividend

At its meeting on May 12, 2025, the company's board of directors proposed a dividend of Rs. 3 per equity share of Re. 1 each (300%) for the fiscal year that ended on March 31, 2025.

Usha Martin Dividend Record Date

"This is to inform that the 39th Annual General Meeting ('AGM') of the Company "Usha Martin Limited" is scheduled to be held on Thursday, 7th August, 2025 at 11:30 A.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the "Record Date" for the purpose of determining the eligibility of members for payment of dividend for the financial year ended 31st March 2025, subject to approval of Dividend by the members at the aforesaid AGM, has been fixed as Thursday, 31st July 2025. The Notice of the 39th AGM along with the Annual Report of the Company for the financial year ended 31st March 2025 shall be submitted in due course," said Usha Martin in a stock exchange filing on 7th July 2025.

Usha Martin Share Price Target

"Usha Martin is in a steady uptrend, respecting support near ₹360. The stock faces immediate resistance at ₹385-₹390. A breakout above ₹390 may lead to targets of ₹410-₹420. The chart shows strength, and buying on dips near ₹365-₹370 can be a favorable approach with a stop-loss at ₹355," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.