2.71% Dividend Yield: This Small Cap Miniratna Fertilizer Stock Up 105% In 2-Yrs Will Trade Ex-Dividend Soon

Small Cap multibagger stock operating in the Fertilisers industry Rashtriya Chemicals and Fertilizers Limited (RCF) will trade ex-dividend next week. The share price of Rashtriya Chemicals and Fertilizers Limited traded at a new 52 Week High value of 157.65 on December 8, 2023. The stock closed 1% lower at Rs 151.50 per share on BSE on Friday.

Before this, the RCF stock price traded on a new 52 Week High value of 155.35 and 154.70 on December 7 and December 6 respectively. In the last two years, returns from RCF shares have increased by 105.28%. At the current share price of Rs 151, the company has a dividend yield of 2.71%, according to Trendlyne data.

Earlier, the Board of Directors of the Company recommended a final dividend of Rs 3.70 per share and fixed Wednesday, December 13, 2023 as the 'Record Date' for determining entitlement of members to receive final dividend for the year ended March 31, 2023.

According to the company's annual report shares last month, the Board had earlier approved payment of an interim dividend of Rs 1.60 per equity share of Rs 10/- each for the financial year 2022-23, at its meeting held on November 29, 2022 and same was paid on December 27, 2022. "The total dividend for the financial year 2022-23 amounts to Rs 5.30 per equity share (Previous year Rs 3.85 per equity share), and would involve a total cash outflow of Rs 292.39 Crore consisting Rs 88.27 crore as interim dividend and Rs 204.12 crore as final dividend (Rs 137.92 Crore in the previous year)," said the report.

Rashtriya Chemicals and Fertilizers Limited Stock Price Performance:

RCF shares have gained 11.56% in the last one year, while the stock is up 14.51% in this year so far. The last two-year and 3-years returns from the stock are 105.28% and 192.75% respectively. In the last six months, the stock has gained 39.70%.

About Rashtriya Chemicals and Fertilizers Limited:

RCF is a leading fertilizer and chemical manufacturing company in India in the Public Sector. It was established on March 6, 1978 on the reorganization of the erstwhile Fertilizer Corporation of India Ltd. into five new companies. Fertilizer Corporation of India (FCI), Hindustan Fertilizer Corporation Limited (HFC), Projects & Development India Limited (PDIL), National Fertilizers Limited (NFL) and Rashtriya Chemicals & Fertilizers Limited (RCF). Presently the authorized share capital of RCF is Rs.800 Crore & paid-up capital of Rs. 551.69 Crore. The company has been accorded coveted "Miniratna" status in 1997.