Small Cap Petrochemicals Stock Declares Rs 12/Share Dividend, Down 12% In 1-Week

Small cap company from the petrochemicals sector, Tide Water Oil (India) Ltd shares declined 12% in last 1-week and 3.60% intraday today on BSE. The company declared an interim dividend of Rs 12/- per ordinary share of the face value of Rs 2/- each for the financial year 2023-24.

Last trading price of Tide Water Oil shares on BSE is Rs 1537.70 per share. Tide Water Oil shares rallied 56% in last 1-year. Check details below:

Tide Water Oil Declares Interim Dividend: As per the BSE filing of the company declared on Feb 13, 2024, "Declared 2nd Interim Dividend of 600% (Rs. 12/- per ordinary share of face value of Rs. 2/- each) for the financial year 2023-24." The small cap company determined Thursday, 22nd February, 2024, as the record date for the purpose of the aforesaid 2nd Interim Dividend distribution. Dividend shall be paid within 30 days of from the date of declaration (i. e. within Thursday, 13 March, 2024).

Tide Water Oil Shares Performance & Return: The 52-week high price of Tide Water Oil shares on BSE is Rs 1831.00 apiece and 52-week low price is Rs 809.75 apiece, respectively. The company has a market capitalisation of Rs 2,679.29 crore. Tide Water Oil shares offered return of 21% in last 3-months, gained 34% in last 6-months, and surged 71% in last 3-years. In last 5-years, Tide Water Oil stock zoomed 57%.

Tide Water Oil Q3 Results: The company declared its revenue from operations for the quarter ended December 31, 2023 at Rs 496.45 crore as compared to Rs 497.07 crore in the corresponding quarter of last year. Its total expenses arrived at Rs 459.58 crore for the December 31, 2023 quarter as against Rs 467.91 crore in the similar quarter of last year. The company announced its consolidated profit for December 2023 quarter at Rs 33.56 crore as against Rs 25.95 crore in the same quarter of last year. EPS came at Rs 19.75 for the quarter under consideration from Rs 15.27 in December 2022.

About: Tide Water Oil Co. (India) Ltd., owner of brand Veedol, is a leading manufacturer and marketer of quality lubricants. It has been catering to both the automotive and industrial segments since 1928.

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