500% Dividend In FY23: Specialty Chemical Stock To Consider Interim Dividend Soon For FY24

With a market valuation of Rs 16,193.17 Cr, Clean Science and Technology Ltd. is a mid-cap specialty chemical firm. Founded in 2003, Clean Science and Technology Limited ('CSTL') is a manufacturer of fine and specialty chemicals. It is one of the largest manufacturers of multiple chemicals developed in-house in the world. Performance Chemicals, Pharmaceutical Chemicals, and FMCG Chemicals are the three main divisions of the company's specialty chemical chemistry business. In FY23, the firm gave shareholders a 500% dividend, and in FY24, it will shortly announce an interim dividend.

Clean Science and Technology News

"Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimation is hereby given that a meeting of the Board of Directors of the Company will be held on Saturday, 3rd February, 2024, inter alia to: 1. consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December, 2023. 2. consider declaration of interim dividend for the FY 23-24 to the equity shareholders. The interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Monday, 12th February, 2024 which is the Record Date fixed for this purpose," said Clean Science and Technology in a stock exchange filing.

Clean Science and Technology Dividend Yield

Clean Science & Technology has announced an equity dividend of 500.00% at a face value of Rs 1 for the financial year ended in March 2023, or Rs 5 per share. The dividend yield at the current share price of Rs 1524.10 is 0.34%. As to the statistics of Trendlyne, Clean Science & Technology Ltd. has issued 4 dividends since July 29, 2022.

Clean Science and Technology Financials

The total income recorded by the firm for the quarter ended September 30, 2023, was Rs. 187.121 crores, a 25.24% YoY drop from the period ended September 30, 2022, of Rs. 250.312 crores. In a regulatory filing, the company stated that compared to Q2FY23's Rs 67.94 Cr, its net profit in Q2FY24 was Rs 52.18 Cr, a 23.19% YoY fall. For the second quarter of the current fiscal year, the firm recorded EPS of Rs. 4.91, down from Rs. 6.39 in the same quarter of the previous fiscal year.