2 Stocks Set To Pay Interim Dividend Soon: Boards Fixed Record Date

2 stocks have fixed record date to pay interim dividend to shareholders on December 16, 2022. These two stocks are Shriram Transport Finance Company Ltd and Advani Hotels & Resorts (India). Shriram Transport is a large cap company while Advani Hotels is a small cap company. Check key takeaways below:

1. Board Of Shriram Transport Finance Company Sets Record date for interim dividend

The board of directors of the company stated in their BSE filing, "This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, December 24, 2022, to inter-alia consider 1. the recommendation of Interim Dividend for Financial year 2022-23. For the purpose of payment of the said interim dividend, if so approved by the Board of Directors, the "Record Date" will be Wednesday, January 4, 2023."

Therefore, the record date for interim dividend is fixed as January 4, 2023.

 

2. Shriram Transport Finance Stock Outlook & Return

The last trading price of the stock is Rs 1371 apiece with a market captialisation of Rs 37,100 crore. The stock has jumped 24% in last 3-years and 3% in last 1-year.

3. Board Of Advani Hotels Fixes Record Date To Pay Interim Dividend

The board of directors of the company said in the BSE filing, "Board of Directors of Advani Hotels and Resorts (India) Limited ('the Company'), at their meeting held on Friday, December 16, 2022, inter-alia approved Declaration of Interim Dividend (subject to tax deductible at source)* of Rs. 2.00 (Rupees Two Only) per Equity Share of face value of Rs. 2/- each for the Financial Year 2022 - 2023. 2. Fixing the RECORD DATE as December 29, 2022 for the purpose of ascertaining the eligibility of Shareholders for the payment of Interim Dividend. The Interim Dividend will be paid / dispatched on or before Sunday, January 15, 2023."

Therefore, the record date is December 29 for the purpose of interim dividend.  

4. Advani Hotels Stock Outlook & Return

The last trading price of the stock is Rs 82 apiece. It has a market capitalisation of Rs 382 crore. The stock has given 54% return in last 3-years and 6% in last 1-year.

Disclaimer

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