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1 Buyback And 1 Dividend Paying Stock To Take Note Of
The corporate actions are highly crucial as say for in a Buyback when you don't see much value in holding the shares and the company has announced buyback at a premium then given the opportunity you can tender your holdings in the stock. Likewise, dividend are a source of income and if you have a particular scrip that has announced dividend then you need to ensure that the same is credited to your demat account linked bank account.
So, currently as there is earnings season, 2 companies in their board meetings have come up with a buyback announced and also has announced a final dividend for the Fy22.
1. KPR Mill:
The textile company has announced buyback of not over 22,36,000 fully paid up shares of face value of Rs. 1 each per share payable in case for an aggregate amount not exceeding Rs. 179.99 crore. The buyback price is Rs. 805 and this is a premium of 16.8 per cent from the last traded price of Rs. 688.9 per share.
The garment exporting entity is a vertically integrated apparel company. It is engaged in manufacturing and marketing ready-made knitted garments, knitted fabrics and cotton yarn. Its mainly engaged in the business of manufacturing of textiles consisting of yarn, fabrics and garments. It operates in a single segment being textile.
2. Castrol:
The lubricants company announced its quarterly results which was largely flat on a YoY basis. The company in its board meeting held on February 7, 2022 has announced the final dividend of INR 3/- per equity share of INR 5/- each for the financial year ended 31 December 2021. The said final dividend if approved by the shareholders of the Company at the ensuing Annual General Meeting shall be paid on or before 7 July 2022.
The MNC company is said to be a good purchase trading close to its 52-week low. Dividend yield for the stock of Fy 2021 is 4.41% which is much higher than any MNC would be giving. The company is also debt free and is into manufacturing of automotive and industrial lubricants.
| Stock | Corporate Action | Announcement | Return investors can get |
|---|---|---|---|
| Castrol India | Dividend | Rs. 5 final dividend | Dividend yield of 3.99% |
| KPR Mill | Buyback | Buyback price Rs. 805 | Return of 16.85% by tendering shares at the current share price |
Disclaimer:
In the story we have just attempted to bring to your notice the corporate actions and not nudge you to buy into these shares.
