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2 Stocks Fix Record Date For Dividend, 1 Miniratna Stock Recommends Final Dividend

Two companies have fixed record date for dividend and 1 company has recommended final dividend for its shareholders. The two companies that have fixed record date for dividend are Premco Global Ltd and Surya Roshni Ltd.

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Two companies have fixed record date for dividend and 1 company has recommended final dividend for its shareholders. The two companies that have fixed record date for dividend are Premco Global Ltd and Surya Roshni Ltd. The miniratna company that has recommended final dividend is Rashtriya Chemicals & Fertilizers. Check key takeaways below:

 

1. Premco Global Ltd
 

1. Premco Global Ltd

The company has informed in its BSE filing about the payment of first interim dividend with the statement, "We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 12th August, 2022 has inter-alia, considered & approved Payment of 1st Interim Dividend of Rs.2/-per share of Rs.10 each (20%) for the financial year 2022-2023.

The 1st Interim Dividend, shall be paid to the equity shareholders of the company whose name appear on the register of Members of the company or in the records of the depositories as beneficial owners of the shares as on Thursday,25th August,2022 which is the Record date fixed for the purpose. The Interim Dividend shall be paid to shareholders on or before 11th September 2022."

Stock outlook: The current market price of stock is Rs 442 apiece with the 52-week high at Rs 567 and 52-week low at Rs 290 apiece. The company has a market capitalization of Rs 146 crore. The stock has given a return of 340% in 3 years and a negative return of 6% in 1 year.

About the company: Premco is a manufacturer of woven and knit elastic and non-elastic narrow fabric, tape and webbing for use across many industries. We work for our customers to design made-to-order custom products, or can offer a range of pre-designed products to suit all requirements. Our aim is to be ahead of the curve for design and innovation, according to the official website.

2. Surya Roshni Ltd

2. Surya Roshni Ltd

Earlier this year on May 19, 2022 the Board recommended a dividend of Rs. 4.00 per equity share (i.e. 40% on the paid up equity share capital) for the financial year 2021-22 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company.

Now the company has fixed record date for the same with the statement, "In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company in their meeting held today i.e. 13th August, 2022, interalia, has fixed Friday, 2nd September, 2022 as the Record Date for the purpose of determining entitlement of the Members for payment of Dividend for the Financial Year 2021-22."

Stock outlook: The current market price of the stock is Rs 379 apiece with a 52-week high of Rs 868 apiece and 52-week low of Rs 343 apiece. The company has a market capitalization of Rs 2063 crore. The stock has given a return of 114% in 3 years a negative return of 34% in 1 year.

About the company: Surya Roshni started in 1973 with making Steel Tubes, and has grown by leaps and bounds to become one of the largest Steel Pipes and Lighting companies in India. With sales of INR 7,731 crores in FY 2021-22, Surya Roshni is one of the largest conglomerates in India, with exports to over 50 countries around the world. The Surya and Prakash Surya brands stand for quality, innovation and the latest technology, according to its official website.

3. Rashtriya Chemicals & Fertilizers

3. Rashtriya Chemicals & Fertilizers

The company has revised its final dividend and in its regulatory filing dated August 12, 2022 stated, "Board has recommended a revised final dividend of Rs. 2.50 per equity share of Rs.10/- each (i.e. 25% on the paid up equity share capital) for the financial year ended March 31, 2022, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) (Earlier Board of Directors of the Company in its meeting held on May 27, 2022, have recommended a final dividend of Rs.2.37% per equity share of Rs.10/- each (i.e.23.70% on the paid up equity share capital) for the financial year ended March 31, 2022). The final dividend would be paid within 30 days from the date of its declaration at the AGM. This final dividend is in addition to the Interim Dividend of Rs.1.35 per equity share (i.e.13.50% on the paid up equity share capital) paid for the financial year 2021-22."

Stock Outlook: The current market price of the stock is Rs 94.20 apiece. The 52-week high is Rs 112 apiece and 52-week low is Rs 66 apiece. The company has a market capitalization is Rs 5,196.90 crore. The stock has given a return of 107% in 3 years and 24% in 1 year.

About The Company: Rashtriya Chemicals and Fertilizers Limited (RCFL) is a leading fertilizers and chemicals manufacturing company with about 75% of its equity held by the Government of India. Company has been accorded the coveted "Miniratna" status in 1997. It has two operating units, one at Trombay in Mumbai and the other at Thal, Raigad district, about 100 KM from Mumbai, according to its official website.

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