Dividend Stock: Elecon Engineering Announces Record Date For Interim Dividend

Elecon Engineering Ltd has fixed October 31, 2023, as the record date for determining the entitlement of the shareholders for the interim dividend, if declared by the Board of Directors of the Company. In an exchange filing on Monday, the company said a Meeting of the Board of Directors of the Company has been scheduled on October 20 inter alia, to consider and approve the declaration of Interim Dividend on Equity Shares, if any. Alongside, the company will also consider and approve the Unaudited Financial Results (Both Standalone and consolidated) for the quarter and half year ended on September 30, 2023 on this date.

The company said; "Pursuant to the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for determining the entitlement of the shareholders for the interim dividend shall be Tuesday, 31st October, 2023, if declared by the Board of Directors of the Company."

Today, Elecon Engineering shares were spotted trading 2.92% higher at Rs 785 per share at 12:29 pm IST.

In the last one year, the returns from the stock have increased 133%, while the stock's year-to-date (YTD) performance is up 107.24%.

Elecon Engineering shares have gained 3129.63% in the last three years. Thus the stock of Elecon Engineering Ltd can be rightly called a multibagger stock. Elecon Engineering is also a part of veteran investor Vijay Kedia's investment portfolio.

As of the June quarter of 2023, Kedia owned a 1.78% stake in Elecon Engineering.