Rs 115 DIVIDEND stock is trading ex-date on May 27 – Do you own?

Updated May 25, 2024 | 03:21 PM IST

Photo : ET Now Digital

Stovec Industries announces Rs 115 dividend for FY24.

Stovec Industries dividend 2024: Shares of Stovec Industries are going to trade ex-dividend next week. Ex-dividend is the specific day when a stock is being traded without the value of its next dividend payment included. The Company has fixed Monday, May 27, 2024 as the record date for the payment of said interim dividend.

Stovec Industries dividend 2024

Stovec Industries earlier declared an interim dividend of Rs 115 per equity share (1150%) with the face value of Rs 10 each for the financial year 2024.

Stovec Industries share price today

Stocks of Stovec Industries gained 4.85% on BSE, May 25, to settle at Rs 3,889.70 apiece. The scrip opened at Rs 3,710 apiece, reaching a high of Rs 3,970 apiece and a low of Rs 3,710 apiece.

Stovec Industries market cap

Stovec Industries is a small cap company with the market capitalisation of Rs 812 crore as pre BSE analysis. The stock has a face value of Rs 10 each. The PE ratio of the stock is 71.62.

The stock’s 52-week movement indicates a high of Rs 4,372 apiece and a low of Rs 2,050 apiece.

Stovec Industries Q4 2024 results performance

Stovec Industries’ revenue for Q4 FY24 stood at Rs 59.96 crore, against Rs 57.97 crore in Q3 FY24. The Company reported a slight jump in net profit at Rs 4.75 crore in Q4 FY24, versus Rs 4.01 crore in Q3 FY24. In terms of EPS performance, it grew slightly to 22.75 in Q4 FY24.

While looking at the full fiscal year picture, then Stovec Industries’ revenue for FY24 remained at Rs 207.26 crore, with net profit at Rs 9.04 crore.

Stovec Industries dividend history

Stovec Industries has consistently rewarded its shareholders through dividend. Earlier, the Company declared a final dividend of Rs 17 per equity in 2024. In September 2023, it announced a special dividend of Rs 157 per equity.

Stovec Industries share price history

Stovec Industries stocks have given consistent positive returns in the past few years. The stocks climbed around 63.09% in the past six months as per BSE analysis. The one- and three-year stock returns stood at 87.29% and 71.31%. Overall, the stock is up 654.92% in past 10 years.

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