110% Dividend: Small Cap Stock Under Rs 100 Fixes Record Date For Ex-Dividend

The Board of Directors of International Conveyors Ltd., a small cap industrial products company, today in a meeting fixed Friday, Sept 22, 2023, as the record date for the dividend and cut-off date for ascertaining the name of shareholders. The Board of Directors of the company in a meeting held on May 30, 2023, recommended a final dividend of Rs 1.10/- per equity share of the face value of Rs 1 each i.e. 110% for the financial year 2022-23.

According to the regulatory filing by the Board board of directors of the company, "the Company has fixed Friday, September 22, 2023 as the record date and cut-off date for ascertaining the name of shareholders holding shares either in physical form and in dematerialized form for the purpose of payment of dividend (if declared at the ensuing AGM) and for the purpose of remote e-voting respectively."

Scrip Code/Symbol	Book Closure (both days inclusive)	Record Date/CutOff date	Purpose
BSE-509709 NSEINTLCONV	From Saturday, September 23, 2023 To Friday, September 29, 2023	Friday, September 22, 2023	The record date and book closure has been fixed for the purpose of payment of final dividend for the Financial year ended March 31, 2023 and for the purpose of 50th AGM of the Company to be held on September 29, 2023.

The record date and book closure has been fixed for the purpose of payment of final dividend for the Financial year ended March 31, 2023 and for the purpose of 50th AGM of the Company to be held on September 29, 2023.

"Recommendation of final dividend of Rs. 1.10/- per equity share of face value of Re. 1 each (being 110% of the face value) for the Financial Year 2022-23," the Board has said in a filing on May 30, 2023.

Along with the Record Date and Cut-off date, the Board also announced the Book Closer date from Saturday, Sept 23, 2023, to Friday, Sept 29, 2023. The AGM of the company is to be held on Friday, Sept 29, 2023.

According to regulatory filing by the Board of Directors of the company. "the Register and Share Transfer Book of the Company will remain closed from Saturday, September 23, 2023 to Friday, September 29, 2023 (both days inclusive) for taking record of the members of the Company for the purpose of final dividend for the F.Y. 2022-23, (if declared at the ensuing AGM) and for the purpose of 50th Annual General Meeting of the Company to be held on Friday, September 29, 2023."

Shares of International Conveyors on Friday closed at Rs 86.16 apiece on the BSE, down 3.82% from its previous close. The stock is trading near its 52-week high of Rs 93.70 apiece, recorded on Sept 05, 2023. Its 52-week high is Rs 40 apiece, recorded on March 28, 2023.

The stock gave 1.95% positive return in 1 week. It jumped 15.40% in 1 month. In 1 year, it gave 32.15% positive return. It has given 203.28% positive return in 3 years and 193.56% positive return. It has a market cap of Rs 581.58 Crore.

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