10% Dividend: Small Cap Stock Fixed Record Date, Shares Hit 5% Upper Circuit, Up 69.07% In 3 Months

Plastic Products company National Plastic Technologies Ltd. on Wednesday, July 26, 2023, fixed a record date as Wednesday, Sept 06, 2023, for Rs 1 per share final dividend for the financial year 2022-23. The Board of Directors of the company at their meeting held on May 11, 2023, recommended a final dividend of Rs 1 per share i.e.10 % of face value of Rs.10 each.

The said dividend is subject to approval by the shareholders of the company at the AGM. The 34th AGM of the Company will be held on Wednesday, Sept 13, 2023.

Record Date For Dividend

According to a regulatory filing by the Board of Directors of National Plastic Technologies Ltd., "Pursuant to Regulation 42 of Listing Regulations and in continuation to our earlier letter dt. May 11, 2023, we wish to inform you that the Record Date for determining entitlement of members to the final dividend of Rs.1 per share for the financial year ended on March 31, 2023, if approved at the AGM is fixed as Wednesday, 6 September, 2023 and shall be paid within 30 days from the declaration and in any case not later than 11.10.2023."

Stock Movement

The stock of National Plastic Technologies hit 5% upper circuit and 52-week-high in early trade, currently trading at Rs 173.30 apiece. The stock's 52-week high is Rs 66.35 apiece. The stock jumped 3.15% in 1 week, and 9.89% in months. It gained 69.07% in 3 months and 53.36% in 6 months, respectively. The stock gave 148.46% multibagger return in 1 year. While it gave 167.03% positive return in 2 years. It gave 313.11% positive return in 3 years and 328.43% in 5 years, respectively.

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