1:5 Split, Re 0.15 Dividend: IT Stock Sets Record Date For Dividend, Shares Gain 140% In 1 Yr

Small cap IT software sector stock, Magellanic Cloud Ltd today fixed July 27, 2024 as the record date for dividend of Re 0.15 per equity share of the face value of Rs 10/- each for the FY ended March 31, 2024. Last trading price of Magellanic Cloud share on BSE is Rs 607.90 per share. Magellanic Cloud share offered 33% return year-to-date and gained 140% in last 1-year. The company's market capitalisation stood at Rs 7,105.08 crore. The PE of Magellanic Cloud stood at 389.81 and ROE at 9.35. Check details below:

Magellanic Cloud Declares Record Date For Dividend: As per the regulatory filing of the company issued as on June 21, "The Board of Directors in its Meeting held on Thursday, May 30, 2024 recommended dividend of Re 0.15 per share (i.e.,1.5% on face value) per Equity share of face value of Rs 10/- each fully paid- up of the Company for the financial year ended March 31, 2024 subject to approval of shareholders in the Annual General Meeting.

The Record Date for members eligible for dividend being Saturday, 27th July 2024 and the register of members and share transfer books of the company will remain closed from Tuesday, July 09th 2024 to Monday, July 15th, 2024 (both days inclusive)."
Further, the Record date is also mentioned in the Notice of AGM. The dividend, if approved, shall be paid to the members within 30 days of its approval in the Annual General Meeting i.e., on or before Wednesday, August 14, 2024, added the exchange filing of the company.

Magellanic Cloud Share Performance: The 52-week high price of Magellanic Cloud share on BSE is Rs 672.05 per share (as on 09/05/2024) and 52-week low price is Rs 216.05 per share (30/06/2023), respectively. Magellanic Cloud shares offered return of 32% in last 6-months, soared 646% in last 2-years, and surged massively by 4055% in last 3-years. In last 5-years, Magellanic Cloud stock rose 7795%.

Magellanic Cloud Declares Stock Split: As per the BSE filing of Magellanic Cloud dated May 30, "Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has considered, approved and recommended for Sub-division of Company's 1 (One) Equity Share of Face Value of Rs. 10/- each into 5 (Five) Equity Shares of Face Value of Rs. 2/- each held as on the Record date which shall be decided for this purpose." The record date for stock split will be issued at a later date.

Magellanic Cloud About: Magellanic Cloud works in the Digital space and is listed on the Bombay Stock Exchange with the ticker MCLOUD. Above all, it connects excellent technology and their implementation processes and does this globally. Magellanic Cloud is represented by multiple brands with office locations in Europe, USA and Asia, according to its official website.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.