This Hybrid Seed Company Announces 200% Dividend, Ex-Date Next Week: Do You Own?

Kaveri Seed on August 8, declared an interim dividend of 200%. It ex-date for the dividend has been fixed to be on August 25, and the record date has been fixed to be on August 26. Kaveri seed is India's leading agriculture company specializing in hybrid seeds.

Stock performance on BSE

The current market price of Kitex Garments closed at Rs. 463 falling by 0.93%, till last traded on August 19. Recently, brokerage firm Motilal Oswal has given the stock a buy rating with a target price of Rs. 560/share, for a 20.95% potential upside in 1 year. The stock is now being traded at a near 52-week low level.

The 52-week high level of this stock is Rs. 629.30, and 52-week low level of this stock is Rs. 460. It has a market capitalization of Rs. 2,691 crore.

Financial results - Kaveri Seed

According to data available with BSE, in Q4 FY22, this smallcap company's Total Income stood at Rs. 740.08 crore, as against Rs. 59.44 crore in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 243.54 crore, as against Rs. 12.54 crore in Q3 FY22. Additionally, its Net Profit stood at Rs. 240.67 crore, as against Rs. 13.09 crore, in the earlier quarter.

What is a dividend?

A dividend is known as a reward. It is offered by a listed company to its shareholders. After making a significant amount of profit in a quarter or a fiscal year, a company can offer a dividend to attract more investors to the stock. Eventually, its liquidity improves. However, a company doesn't need to offer dividends mandatorily, after making profits.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock related information about the companies.