3 Stocks To Pay Rs 3/Share Dividend Soon: Buy Any To Be Eligible?

Three small-cap stocks-Tamil Nadu Newsprint and Papers, Centum Electronics, and Shanthi Gears-have announced an interim dividend of Rs 3 per share for FY24. The eligible shareholders who hold shares of the aforementioned corporation on the record date will receive the interim dividend in due course. Here, we'll talk about the specifics of the dividend announcement and each stock's target share price.

Tamil Nadu Newsprint and Papers Dividend

The Board of Directors have announced the "Declaration of Interim Dividend Rs. 3/- (Rupees Three only) per equity share of Rs. 10/- each for the year 2023-24 on the entire issued, subscribed and paid-up share capital of the Company of 6,92,10,600 equity shares of the nominal value of Rs. 10/- (Rupees Ten only) each. Interim Dividend for the year 2023-24 will be paid on and from 23rd February, 2024 to those members whose names appear in the Register of Members of the Company and as beneficial owners in the Depositories, as on the Record Date fixed for the purpose i.e., 13th February, 2024," said Tamil Nadu Newsprint and Papers in a stock exchange filing.

Tamil Nadu Newsprint and Papers Share Price Target

Tamil Nadu Newsprint is bearish on the Daily charts with strong resistance at 300.6. A Daily close below support of 265 could lead to a target of 240 in the near term, said AR Ramachandran from Tips2trades.

Centum Electronics Dividend

The Board of Directors have "Declared an Interim Dividend of Rs.3/- per equity share of Rs.10/- each on the fully paid-up equity share capital of the Company for the financial year 2023-24. In this regard, 20th February 2024, has been fixed as the Record Date to ascertain the list of Shareholders eligible for the Interim Dividend which will be paid on or before 07th March, 2024," said Centum Electronics in a regulatory filing.

Centum Electronics Share Price Target

Centrum Electronics is bullish and very overbought on the Daily charts with next resistance at 1954. Investors should book profits at current levels as a Daily close below support of 1738 could lead to a target of 1450 in the near term, said AR Ramachandran from Tips2trades.

Shanthi Gears Dividend

"The Board of Directors have declared an interim dividend at Rs.3 /- (Rupees Three only) per equity share of Re.1/- each for the financial year ending 31st March, 2024. The interim dividend shall be paid to those shareholders whose names appear in the register of members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, 09th February, 2024, which is the Record Date fixed for the purpose. The Interim Dividend will be paid on or before 23rd February 2024," said Shanthi Gears in a BSE filing.

Shanthi Gears Share Price Target

Shanthi Gears is bearish on the Daily charts with strong resistance at 565. A Daily close below support of 525 could lead to a target of 490 in the near term, said AR Ramachandran from Tips2trades.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.