Vesuvius India, a small-cap company operating in the refractories sector, has announced a double bonanza for its investors. The company has declared a massive 145% dividend and has also planned a stock split to enhance liquidity and make the Vesuvius stock more affordable for its investors.
Vesuvius India Stock Split
In the latest corporate move, Vesuvius India's board of directors has approved a stock split in a 1:10 ratio.
The company, in an exchange filing, said, "split/sub-division of existing equity shares of the company from 1 (one) equity share having a face value of Rs. 10/- (Rupees ten) each, fully paid-up, into 10 (ten) equity shares having a face value of Re. 1/- (Rupee one) each, fully paid-up, subject to the approval of the shareholders of the company at the ensuing Annual General Meeting." The record date of the stock split has not yet been fixed and will be released in due course.
Vesuvius India Dividend
Along with the stock split, Vesuvius India has announced a generous dividend of ₹14.50 per share. This translates to a 145% dividend payout for the financial year ending December 31, 2024.
The company said in an exchange filing, "Recommended a dividend of Rs. 14.50 (Rupees Fourteen and Fifty Paise only) per equity share of Rs. 10/- each for the financial year ended December 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting."
The record The date has been set to May 1, 2025, and investors holding shares on this date will be eligible for the dividend. "The dividend, if approved by the shareholders at the Annual General Meeting scheduled on Thursday, May 8, 2025, will be paid thereafter." Vesuvius India said in the corporate filing.
Vesuvius India Share Price
Shares of Vesuvius India Ltd surged 2.42% in today's trading session, reaching Rs.4,107 per share. In the past 5 trading sessions, the stocks gained 4.87%, and in the past 30 days, the shares value increased by 6.47%. In the 1-year performance, Vesuvius shares delivered 23% returns, while in 5 years, the stock has seen a 257% rise over the long term.
Vesuvius India Q3 Financial Performance
Vesuvius India reported a financial performance for the quarter ended December 2024, showing moderate growth in both revenue and profitability. The company posted a net profit of Rs. 60 crore with a 5.26% year-on-year (YoY) increase. Revenue from Operations: Vesuvius India's total revenue for the quarter stood at Rs.509 crore, marking a 22% YoY increase.
About Vesuvius India
Established in 1991, Vesuvius India Limited is a leading manufacturer of refractory and ceramic products that cater to industries such as steel, glass, cement, and foundry. The company is known for its high-quality refractory materials and strong global presence, being a part of the multinational Vesuvius Group.
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