Indag Rubber Disclose Interim Dividend, Fix Record Date On November 18

Indag Rubber Ltd. has announced an interim dividend of Rs. 0.90, after its board meeting on November 7. The record date has been fixed November 18. This company has a market capitalization of Rs. 198 crore.

The company informed the stock exchange, "Pursuant to Regulation 42 and 43 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors has declared Interim Dividend of Rs. 0.90/- per equity shares of Rs. 2/- each for the financial year 2022-2023 in their meeting held on November 07, 2022 and has fixed record date as Friday, November 18, 2022 for the said purpose."

Stock performance - Indag Rubber Ltd.

In the last 1 month the company's share price fell by 3.39%, in the past 6 months its share price gained by 6.11%, and in the last 1 year its share price has fallen by 3.33%. The 52-week high level of this stock is Rs. 89.45, and the 52-week low level of this stock is Rs. 59.

A dividend is known as a reward, which can be offered by a listed company to its shareholders. After making a significant amount of profit in a quarter or a fiscal year, a company can offer a dividend to attract more investors to the stock.

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