Supreme Petrochem Approves Rs 4/Share Interim Dividend For FY 2022-23, Know Record Date

Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers. With a market cap of Rs 6,694.74 crore, it is a small-cap petrochemicals sector company.

Supreme Petrochem Ltd Board of Directors declared an interim dividend of Rs 4 per equity share of the Company with a face value of Rs 4 for the fiscal year 2022-2023 at its meeting on October 27, 2022.

The Company has also set Friday, November 4, 2022, as the record date for the said dividend. As a result, shareholders of the Company as of the close of business on Friday, November 4, 2022, will be eligible for dividend payment.

Regulatory Filing

According to the Board of Directors of the Supreme Petrochem regulatory filing, "Declared Interim Dividend of Rs.4/- (four) per equity share of the Company having face value of Rs.4/- (four) (viz. 100%) for the Financial Year 2022-2023 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. 4/- each) entailing an outgo of Rs.3760.83 Lakhs."

It added, "The Company has fixed Friday, November 4, 2022 as the "Record Date" for the purpose of eligibility of aforesaid Interim Dividend. Accordingly, the shareholders of the Company as at the close of business hours on Friday, November 4, 2022 will be eligible for payment of dividend."

Stock Outlook

The stock of the company on NSE last traded at Rs 712.05 per share, 2.39% down as compared to its previous close of Rs 729.45 per share. The stock over the past 3 months gave negative returns. In 1 month it fell 7.44% and in 3 months it fell 18.99%, respectively. In terms of returns on investments, the stock has performed well in the long term. It gave 10.42% in 1 year, whereas, in 23 years, it gave a multibagger return of 312.78%. In the past 5 years, the stock has given 96.97% positive returns.