Highest Dividend After 23 Yrs, Now Stock Likely To Split: Small Cap Zooms 200% In 2-Yrs

Small cap company from the compressors, pumps & diesel engines industry, KSB Ltd shares zoomed 1.56% in trade today after it informed post market hours decision to consider stock split/sub-division of shares on April 26 at Board of Directors meeting. The company will also consider and approve financial results on the same day. Last trading price of KSB Ltd shares on BSE is Rs 3972.40 per share. KSB Ltd share offered over 200% return in last 2-year and gave return of 78% in last 1-year.

KSB To Consider Stock Split/Sub-Division Of Shares: According to the BSE filing of the company dated April 8, 2024, "We wish to inform you that the Board of Directors of the Company will meet on Friday, 26th April, 2024, inter alia, to consider and approve the following:
1. To consider and take on record the Unaudited Financial Results for the quarter ended on 31st March, 2024;
2. To consider and approve the proposal of sub-division/split of Equity Shares of the Company, in such manner as may be determined by the Board of Directors along with other allied matters subject to approval of the Shareholders and other necessary approvals."

KSB Dividend History: KSB Ltd. announced 37 dividends since December 12, 2000. In last 12 months, KSB announced an equity dividend of Rs 15.00 per share. At the current share price of Rs 3972.40, KSB offers a dividend yield of 0.38%.

KSB Dividend In 2024 Remained Highest Ever: The company declared highest ever dividend in 2024 after 23 years. According to the BSE filing of KSB dated February 28, 2024, "The recommendation of payment of Final Dividend of INR 17.5 (175%) per equity share on 3,48,07,844 equity shares (Face Value INR 10 each fully paid up) for the financial year ended on 31st December, 2023."

KSB Shares Performance: The 52-week high price of KSB Ltd shares on BSE 4211.20 apiece and 52-week low price is Rs 2014.65 apiece, respectively. KSB has a market capitalisation of Rs 13,827.07 crore. KSB shares offered gave return of 32% in last 6-months, soared 78% in last 1-year, and surged 200% in last 2-years. In last 3-years, KSB shares zoomed 341% and soared 478% in last 5-years. The scrip soared 1113% in last 10-years.

Order Book: KSB Limited on March 16 bagged letter of award under PM-KUSUM III scheme under component B of INR 63.22 crores for 2500 solar water pumping systems from Maharashtra Energy Development Agency. The company bagged orders of around INR 267 crores for supply of Pumps for Kundankulam site, Tamil Nadu state, India.

About: KSB Limited founded in the year 1960, is headquartered in Pune in the state of Maharashtra. To cater to the needs of the new and emerging India, KSB India has invested in world class facilities and technologies where we produce centrifugal pumps and industrial valves and distribute across the Indian sub-continent. KSB in India has a very strong Marketing, Sales and Service setup to offer solutions to our customers effectively, according to its official website.

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