550% Dividend: Multibagger Specialty Chemical Stock To Pay Rs 5.50/Share Dividend

Multibagger small cap company from the specialty chemical segment and a key part of Goenka Group, PCBL Ltd today declared an interim dividend of Rs 5.50 per equity share interim dividend of Re 1 each for the financial year ending March 31, 2024. The company fixed January 29, 2024 as the record date for interim dividend.

Last trading price of PCBL share on BSE is Rs 275.70 per share with intraday surge of 3.67%. The company has a market capitalisation of Rs 10,406.64 crore. Check details below:

PCBL Declares Interim Dividend: As per the BSE filing of the company dated January 15, 2024, "the Board of Directors of the Company, at its Meeting held today, i.e. Monday, the 15th day of January, 2024 has inter alia, considered and approved the following:-
1. Declaration of an Interim Dividend @ 550%, i.e. Rs. 5.50 per equity share of Re. 1/- each, for the financial year ending 31st March, 2024 and fixation of Monday, 29th January, 2024 as the Record Date for the purpose of payment of the afore-said Interim Dividend."

PCBL Stock Performance & Return: The 52-week high of PCBL share on BSE is Rs 287.80 per share and 52-week low price is Rs 108.05 per share, respectively. PCBL shares surged 75% in last 6-months, gained 123% in last 1-year, offered surge of 127% in last 2-years, and rallied 213% in last 3-years. In last 5-years, PCBL shares rallied 171%.

About: PCBL, a part of RP-Sanjiv Goenka Group, was set up by Mr. K. P. Goenka in 1960 and started production at Durgapur with a production capacity of 14,000 MT per annum. For over six decades, PCBL has been playing a pioneering role in the performance materials and specialty chemicals segment, with a current production capacity of 7,70,000 MT per annum and generating 110 MW per hour of green power. Today, PCBL is the largest carbon black manufacturer in India and a strong global player with a significant customer base in 50+ countries, according to its official website.

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