2525% Return: Small Cap IT Software Stock Fixes Record Date For Dividend

Small cap IT software sector stock, Magellanic Cloud Ltd on Saturday fixed September 23 as the record date for dividend. Last trading price of Magellanic Cloud share is Rs 404.05 apiece with intraday fall of 0.85% as on September 1 on BSE. Magellanic Cloud shares traded new 52-week high on August 30 and August 31. Magellanic Cloud stock offered 370% return in last 1-year and 2525% return in last 2-years. Check details below:

Magellanic Cloud Dividend: According to the BSE filing of Magellanic Cloud dated September 2, "recommended a final Dividend of Rs. 0.15 /- (i.e., 1.5%) per equity share of Rs.10/- each on the fully paid-up equity share capital of the Company and which is subject to approval of Shareholders in the ensuing Annual General Meeting of the Company. The Dividend will be paid within 30 days from the date of Shareholders approval in the ensuing Annual General Meeting of the Company."

Magellanic Cloud Sets Record Date For Dividend: As per the exchange filing, "The Company has fixed Saturday, 23rd September 2023 as the record date for determining entitlement of members to final dividend for the financial year ended 31st March 2023."
Magellanic Cloud Stock Performance & Return: Last trading price of Magellanic Cloud share is Rs 404.05 per share. Its 52-week high price is Rs 425.00 per share and 52-week low price is Rs 75.50 apiece, respectively. The company has a market capitalisation of Rs 4722.50 crore. Magellanic Cloud stock rallied 250% year-to-date, gained 370% in last 1-year, and soared 2960% in last 3-years. Magellanic Cloud shares witnessed a rally of 3371% in last 5-years.

Magellanic Cloud Financials: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 138.80 crore, up 18.66% as against its last quarter total income of Rs 116.97 crore. It declared its net profit after tax at Rs 18.89 crore in recent quarter.

Magellanic Cloud About: Magellanic Cloud works in the Digital space and is listed on the Bombay Stock Exchange with the ticker MCLOUD. Above all, it connects excellent technology and their implementation processes and does this globally. Magellanic Cloud is represented by multiple brands with office locations in Europe, USA and Asia, according to its official website.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.