1:5 Split, Re 0.15 Dividend: Multibagger IT Stock Issues Record Dates, Shares Set Be Cheaper

Small cap IT software sector stock, Magellanic Cloud Ltd today declared July 27, 2024 as the record date for stock split/sub-division of shares. Earlier last month on June 21, 2024, Magellanic Cloud fixed July 27, 2024 as the record date for Re 0.15 dividend. Current market price of Magellanic Cloud Ltd share on BSE is Rs 634.90 per share. Magellanic Cloud share offered return of 45% in last 3-months only and gained 141% in last 1-year. Its market capitalisation stood at Rs 7,420.65 crore. More details below:

Magellanic Cloud Declares Record Date For Dividend: According to the BSE filing of Magellanic Cloud dated 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)."

Magellanic Cloud Stock Split: Board of Magellanic Cloud on May 30 considered, approved and recommended 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.

Magellanic Cloud Share Performance: The 52-week high price of Magellanic Cloud share on BSE is Rs 688.00 per share (as on 08/07/2024) and 52-week low price is Rs 251.65 per share (14/07/2023), respectively. Magellanic Cloud shares gave attractive returns of 577% in last 2-years, soared 3710% in last 3-years, and rallied 8445% in last 5-years.

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, stock split, 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.