Rs 5/Share Dividend: Small Cap Agri Co Declares Payment Date For Dividend

Small cap company operating in the Agriculture sector Kaveri Seed Company Ltd on Monday informed shareholders the payment date for dividend. Earlier, the company approved an interim dividend of 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 BSE is Rs 592.05 per share. Kaveri Seed Company shares offered return of 15% in last 6-months. Check details below:

Kaveri Seed Company Declares Payment Date For Dividend: As per the regulatory filing of the company issued today, "interim dividend for the financial year 2023-24 has declared by the Board of Director at its meeting held on 08th November, 2023 and the same will be paid to the shareholders on 29th November, 2023."

Kaveri Seed Company Announced Rs 5/- Per Equity Share Interim Dividend: According to the BSE filing of the company issued on November 8, 2023, "The Board has approved the payment of Interim Dividend @ 25O% 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." The company fixed November 20, 2023 as the record date for interim dividend for the financial year 2023-24.

Kaveri Seed Company Stock Outlook & Return: Last trading price of Kaveri Seed Company share BSE is Rs 592.05 apiece. Its 52-week high price is Rs 691.50 per share and 52-week low price is Rs 473.00 per share, respectively. Its market capitalisation is Rs 3310.85 crore. Kaveri Seed Company shares gained 9% in last 3-months, soared 16% in last 1-year, offered a rally of 19% in last 3-years, and gave return of 17% in last 5-years.

Kaveri Seed Company Financials: The company for the quarter ended September 30, 2023 declared its standalone net profit at Rs 10.7 crore, up approximately 3 fold from Rs 2.7 crore announced in the corresponding quarter of last year. The company announced its revenue for Q2 FY24 at Rs 96 crore, up 14% as against Rs 84.5 crore announced in Q2 FY23.

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.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.