3 Money Multiplier Penny Stocks Declared Dividend Up To Rs 47, To Hit Ex-Dividend Soon

Five penny stocks recently declared attractive dividends for their shareholders. Some of these penny stocks also offered eye-popping returns in last few months. These penny stocks are Goodluck India, Vuenow Infratech Ltd, and Goodluck India. Gujarat Toolroom offered highest return of 9410% in last 3-years apart from bagging a huge order from Reliance Industries Ltd (RIL). Check relevant details below:

1. Vuenow Infratech To Hit Ex-Date On April 23: Board of Directors of Vuenow Infratech Ltd today declared an interim dividend Re 0.50/Share for the financial year 2023-24. The company fixed April 23, 2024 as the record date for interim dividend. Last trading price of Vuenow Infratech Ltd share on BSE is Rs 13.72 per share with intraday gain of 4.97%. The 52-week high price of Vuenow Infratech share on BSE is Rs 13.72 per share and 52-week low price is Rs 2.97 per share, respectively. Vuenow Infratech shares offered return of 138% year-to-date. It has a market cap of Rs 31.83 crore. It operates under industrial product.

As per the BSE filing of the company dated April 9, 2024, "declared Interim Dividend of 0.50/- Paisa per equity share for the Financial year 2023-2024. The Interim Dividend shall be paid within 30 days from the date of declaration."
Vuenow Infratech shares offered return of 127% in last 1-month, gave return of 384% in last 1-year.

2. Gujarat Toolroom Announces To Hit Ex-Dividend On April 20: The Board of Directors of the company announced an Interim Dividend of 100%. The interim dividend shall be paid within 30 days from the date of its declaration. Gujarat Toolroom set Saturday, April 20, 2024, as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. Shareholders can expect to receive a dividend payout of Rs 47 per share, equivalent to the current share price.

Earlier, Gujarat Toolroom bagged order from Reliance Industries Ltd (RIL). It declared acquisition of a big order estimated at Rs. 290 million or Rs. 29 Crore from RIL for construction supplies. It marked the 1st part of a promising alliance between GTL and Reliance Industries Limited, said the company in its BSE filing.

Gujarat Toolroom Share Performance: Gujarat Toolroom shares 52-week high price is Rs 62.97 per share (11/03/2024) and 52-week low price is Rs 8.92 per share (11/04/2023). Gujarat Toolroom shares declined 20% in last 1-month. Gujarat Toolroom stock offered gain 87% in 6-months and rallied by 9410% in 3-years.

3. Goodluck India Ltd To Go Ex-Dividend On April 12: The company fixed April 12 as the record date for its second interim dividend of Rs 2 per equity share (100%) of Rs 2 each for the financial year 2023-24. Last trading price of Goodluck India Ltd share on BSE is Rs 934.75 per share with intraday fall of 0.75%. The 52-week high price of Goodluck India share on BSE is Rs 1168.80 per share and 52-week low price is Rs 365.60 per share, respectively. The company has a market capitalisation of Rs 2970.07 crore.

Goodluck India shares offered multibagger returns of 123% in last 1-year and 1124% in last 3-years.

Disclaimer: The stocks highlight the dividend and are not 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.