1000% Dividend: Small Cap Stock To Trade Ex-Date On Nov 21 For Rs 20/Share Dividend

Small cap company operating in petrochemical sector Tide Water Oil (India) Ltd shares are all set to trade ex-dividend on November 21, 2023. The company earlier this month on November 11, 2023 announced its first interim dividend of 1000% (Rs 20/- per ordinary share of face value of Rs 2/- each for the FY 2023-24. Tide Water has a market capitalisation of Rs 2223.91 crore. Tide Water Oil shares rallied 47% in last 6-months. Check more details about Tide Water Oil and other key aspects below:

Tide Water Oil To Go Ex-Dividend On November 21, 2023: According to the regulatory filing of the company issued on November 11 2023, "The Board of Directors of the Company at its Meeting held on Saturday, 11" November 2023, recommended payment of First Interim Dividend of Rs. 20/- per equity share of Rs. 2/- each for the year ended 31% March, 2024. The First Interim Dividend will be paid to the members of the Company within 30 days of declaration of dividend. The company determined Tuesday, 21st November, 2023, as the record date for the purpose of the aforesaid First Interim Dividend distribution."

Dividend shall be paid within 30 days from the date of declaration (i.e. within Tuesday, 10'® December, 2023).

Tide Water Stock Outlook & Return: Last trading price of Tide Water Oil share on November 17, 2023 is Rs 1276.35 per share with intraday gain of 1.01%. Its 52-week high price is Rs 1323.00 per share and 52-week low price is Rs 809.75 per share, respectively.

Tide Water Oil shares gained 8% in last 1-week, soared 9% in last 2-weeks, rose 14% in last 3-months, jumped 47% in last 6-months, and rallied 26% in last 1-year. In last 3-years, Tide Water Oil shares rose 37% and gained 270% in last 10-years.

Tide Water Financial Performance: The company for the quarter ended September 30, 2023 announced its quarterly net profit at Rs 20.96 crore, up 25.81% as against Rs 16.66 crore from September 2022. The company declared its net sales at Rs 381.19 crore for September 2023, up 4.96% from Rs 363.16 crore declared in the corresponding period of last year.

Its EBITDA stood at Rs 29.14 crore in September 2023, up 20.96% as against Rs 24.09 crore declared in September 2022. The company's EPS jumped to Rs 12.34 in September 2023 from Rs 9.80 in September 2022.

About: Tide Water Oil Co. (India) Ltd., owner of brand Veedol, is a leading manufacturer and marketer of quality lubricants. It has been catering to both the automotive and industrial segments since 1928.

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 any losses. Please consult a professional advisor.