Small Cap Consumer Durables Stock To Announce Dividend Soon; Check Date, And Other Details Here

The share price of small cap consumer durables stock Orient Electric Ltd traded at a new 52 Week low value of Rs 206.45 on Tuesday. Orient Electric shares were down 2.80% at Rs 216.95 per share at 3:31 pm IST today. Shares of Orient Electric Ltd grabbed attention after the company today said that the Board of Directors of the Company will meet on Thursday, February 01, 2024, to, inter alia, consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2023 and declaration of Interim Dividend for the financial year 2023-24, if any.

In an exchange filing, the company said, "A meeting of the Board of Directors of the Company will be held on Thursday, February 01, 2024 to, inter alia, consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2023 and declaration of Interim Dividend for the financial year 2023-24, if any."

Earlier, in an exchange filing on December 23, 2024, the company said, " the trading window for dealing in the equity shares of the Company by Designated Persons(including their immediate relatives and any other person for whom they take trading decisions), is closed from January 01, 2024 and shall remain so closed till the completion of 48 hours after the declaration of the Un-Audited Financial Results of the Company for the quarter and nine months ending December 31, 2023."
Today, the company informed that the trading window shall accordingly remain closed till Saturday, February 03, 2024.

Orient Electric Dividend:

Orient Electric has been paying a dividend for a number of years now.

The company's shareholders approved a final dividend of Rs. 0.75 per equity share of Re.1 each for the financial year 2022-23 at the Annual General Meeting of the Company held on August 02. 2023.

According to Trendlyne data, Orient Electric Ltd. has declared 11 dividends since July 10, 2018.

In the past 12 months, Orient Electric Ltd. has declared an equity dividend amounting to R 1.50 per share.

At today's intraday price of Rs 215.85, Orient Electric Ltd.'s dividend yield is 0.69%.

Orient Electric share price performance:

In the last six months, the stock has fallen 7.88%. The last one-year and 2-year returns from the stock have fallen 16.96% and 38.23% respectively. Orient Electric shares have declined 15.30% in the last three years.

About Orient Electric Limited:

Orient Electric Limited (OEL) is part of the diversified USD 2.4 billion Indian conglomerate CK Birla Group. A distinguished name in the Indian fan industry for more than 60 years, OEL has today established itself in the market as a one-stop brand for lifestyle electrical solutions which include Fans, Lighting, Home Appliances, and Switchgear. A 'Fortune India 500' company, OEL is a nimble organisation focused not merely on carving out larger market shares but delivering compelling consumer experiences and creating market niches through differentiated products. OEL stock trades under the code "541301" on BSE and under the code "ORIENTELEC" on NSE.

OEL is the largest manufacturer and exporter of fans from India with a presence in over 40 international markets. It is also the second-largest manufacturer of LED bulbs in India and the first Indian lighting brand to have been awarded a BEE star rating for LED bulbs. In the domestic market, it has a well-organized distribution network reaching 1,25,000 retail outlets and a strong service network covering more than 450 cities.