2 Small-Cap Stocks Declare Record Date For Dividend

Two small-cap companies namely Magadh Sugar & Energy Ltd and RPG Life Sciences Ltd have declared record date for determining the entitlement of members to final dividend. The dividend yield of Magadh Sugar & Energy Ltd is 2.06 while RPG Life Sciences Ltd's dividend yield is 1.73. Check key details below:

1. Magadh Sugar & Energy Ltd

The company had declared an equity dividend of 65% amounting to Rs 6.50 per equity share and the ex-dividend date is fixed as July 13. The board of directors of the company in their BSE filing stated, "We hereby inform you that the Company has fixed Thursday, July 14, 2022 as the Record Date for determining entitlements of members to final dividend of Rs. 6.50/- per equity share of Rs 10/- each, if declared at the forthcoming Annual General Meeting of the Company scheduled to be held on July 21, 2022. The Register of Members and Share Transfer Books of the Company will remain closed from Friday, July 15, 2022 to Thursday, July 21, 2022 (both days inclusive) for the said purpose."

The company came into existence on March 19, 2015 and its main goal is to deal in sugar and sugar products, spirits and alcohol of denatured of any strength and all other products arising out of the manufacturing process of sugar or resultant of any activity related to sugar business, generation of power through various means, etc. The small cap company has a market cap of Rs 444 crore.

The current market price of the stock is Rs 315 apiece with its 52-week high at 455.95 and 52-week low at Rs 154 apiece. The company has a high TTM EPS. Its PE is 9.66 which is lesser than sector PE of 16.55.

2. RPG Life Sciences Ltd

The Company has fixed Friday, July 15, 2022, as the Record Date for deciding right of Members to final dividend, if approved by the Members at the AGM. The board of directors in their BSE filing said, "The Board of Directors at its meeting held on Friday, April 29,2022 had recommended a final dividend of Rs. 9.60 per equity share of Rs. 8.00 each of the Company for the financial year ended March 31,2022 for approval by the Members at the Fifteenth Annual General Meeting (AGM) scheduled to be held on Friday, July 29, 2022 at 3.00 p.m. (1ST) through Video Conferencing (VC)/ Other Audio- Visual Means (OAVM). Other relevant details are being provided in the Notice of AGM, which will be issued in due course of time."

RPG Life Sciences is part of Mumbai head-quartered RPG Enterprises, which is one of India's largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyres, IT, Pharmaceuticals, Energy and Plantations. It came into existence in 1979, RPG Enterprises is one of India's fastest growing business groups with a turnover in excess of Rs 23,000 crore.

RPG Life Sciences has a market capitalization of 919 crore. It has strong financials. The current market price of the stock is Rs 556.15 apiece. The 52-week high is 752 apiece and 52-low is Rs 421. The PE of the stock is 17.87 which is lesser than sector PE of 29.14.

Disclaimer

The above is the list of stocks that have declared record date for determining the entitlement of members to final dividend. Readers should not construe the story for investment advice into the mentioned stocks.