Rs 5/Share Dividend: Mid Cap Agriculture Sector Stock Approves Payment Of Dividend

Mid cap company from the Agriculture sector Kaveri Seed Company Ltd on Wednesday approved payment of interim dividend of Rs 250% i.e. Rs 5 per equity share of Rs 2 each for the financial year 2023-24. Last trading price of Kaveri Seed Company share on BSE is quoted at Rs 611.00 per share with intraday dip of 0.15%. Kaveri Seed Company shares witnessed gain of 27% in last 1-year. Check details below:

Kaveri Seed Company Declares Interim Dividend: According to the BSE filing of the company issued on November 8, 2023, "The Board has approved the payment of Interim Dividend @ 2SO% i.e., Rs.5/- per Equity Share of Rs.2/- each on the profits of the Company for the Financial Year 2023-24 on the equity share capital of the Company."

Kaveri Seed Company Sets Record Date For Interim Dividend: The Interim Dividend shall be paid on or before 30s November 2023 to the equity shareholders of the Company whose names aPPear on the register of members of the Company or in the records of the Depositories as beneficial owners of the shares as on Monday the 20th November 2023 which is the Record Date fixed for the purpose of payment of an Interim Dividend for the Financial Year 2023-24.

Kaveri Seed Company Stock Performance & Return: Last trading price of Kaveri Seed Company share on BSE is Rs 611.00 apiece. Its 52-week high price is Rs 691.50 per share and 52-week low price is Rs 471.85 per share, respectively. The company's market capitalisation is Rs 3416.82 crore. Kaveri Seed Company offered return of 15% in last 6-months, soared 16% in last 2-years, and surged 17% in last 3-years.

About: Kaveri Seed Company Ltd. is one of the premier seed companies in the country. It is one of the largest seed company in India, with a strong R&D base for developing quality hybrids in key Indian crops. The company saga began in 1976, when Sri G.V. Bhaskar Rao, a young and dynamic agriculture graduate, through his start-up G.V.B. Rao & Co. ventured into the adventure. Further it became Kaveri Seed Company Pvt. Ltd. in 1986. In the year 2007 the Company has been listed as a Public Limited Company and is being managed by eminent Board of Directors chaired by Mr. G.V.Bhaskar Rao, Chairman & Managing Director. At present it is one of India's fastest growing seed companies with a wide portfolio, large network of distributors and dealers and a very wide customer base spanning the country, according to its official website.

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