3 Kirloskar Stocks Are Going Ex-Dividend In August, To Pay Up To 150% Dividend- Do You Own Any?

Three Kirloskar Group companies stocks are going ex-dividend in August. These three stocks had declared final dividends ranging between 100-150 per cent of their face value, in Financial Year 2021-22 in May 2022. Kirloskar Brothers, Kirloskar Oil Engines and Kirloskar Industries are small-cap stocks of the Kirloskar group - together they command a market cap of over 6 thousand crores.

These three companies are a part of the Kirloskar group of companies that has business interest in various sectors such as manufacturing, oil and gas, power, agriculture, construction and mining, industry and transport. All 3 stocks are small-cap stocks turning ex-dividend next month starting August 1. Kirloskar Brothers Ltd. also fixes the record date for the final dividend.

Kirloskar Industries Ltd.

Kirloskar Industries Limited is a holding company engaged in wind-power generation, manufacturing of iron castings and real estate development. Kirloskar Industries Ltd. manufactures internal combustion engines. The Company produces diesel engines, irrigation pump sets, diesel generating sets, engine bearings and engine valves, and gray iron castings. It is a small cap engineering sector company with a market capitalization of Rs 1,316.36 crore. 

On May 26, 2022, Kirloskar Industries Ltd. announced a final dividend of Rs 10 (at 100 per cent) per equity share of Rs10 each for the financial year 2021-22. The company has not announced the record date for the same to determine eligible members for the benefit. The dividend will go ex-dividend on August 1, 2022. The company maintains a good track record of dividends and has declared 27 dividends since August 2001. It's worth noting that the company has not declared any special dividend so far. 

 On Friday, the shares of Kirloskar Industries closed at Rs 1,349.95 apiece on BSE after gaining 2.16 per cent from its previous close. Last week it gained nearly 2.45 per cent, and 7 per cent in last 1 month. In the last 1 year, its share price declined 21.43 per cent and 4 per cent in the last 5 years, respectively. In the last 3 years, it has given a whopping 75.72 per cent positive returns.

On BSE, the stock's 52-week low is 1,764.70 apiece and the 52-week high is Rs 1,182 apiece, respectively.

Kirloskar Brothers Ltd.

Kirloskar Brothers Limited is a small cap Kirloskar group company that manufactures agricultural implements, power-driven pumps, sluice valves, sugarcane crushers, concrete mixers, ploughs, turbines, iron and steel castings and machine tools. The Group provides its customers with Finite Element Modelling and Computational Fluid Dynamics packages for Hydraulic analysis. Kirloskar also supplies several turnkey Mini-Hydel power projects. It has a market capitalization of Rs 2,584.76 crore.
Dividend

The company in its filing to Exchanges on May 24 declared a final dividend of Rs 3 i.e. 150 per cent, per equity share of Rs 2 each for the financial year 2021-22. The declared final dividend is turning ex-dividend on August 2, 2022. It has fixed August 2 as the record date to determine eligible members for the benefit. The company maintains a good track record of dividends and declared constant dividends 28 dividends in the last 21 years. 

On Friday, the share price of the company closed at Rs 325.50 apiece after a decline of 2.21 per cent from its previous close. Last week it gave a positive return of 4.01 per cent. In the past 1 month, it has given 8.86 per cent of positive returns. However, in the past 1 year, its share price slid down by 29.09 per cent. In the past 3 & 5 years it has given 91.75 per cent and 21.23 per cent positive returns, respectively. The returns show the stock has performed well on long-term investment. 

The stock's 52 week low level was recorded on May 26, 2022, at Rs 248 apiece and its 52-week high level on July 2021 at Rs 479.95 apiece, respectively.

Kirloskar Oil Engines Ltd.

Kirloskar Oil Engines is another Kirloskar Group's small cap company on the list. The company is engaged in the manufacturing of diesel engines. The company is engaged in the manufacturing of Diesel Engines, Irrigation Pump sets, Diesel Generating Sets, Engine Bearings and Engine Valves and Grey Iron Castings. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants. The company sells small engine gensets under the name, "Kirloskar Green". It has a market capitalization of Rs 2,343.49 crore.

On May 19, the Kirloskar Group firm announced a final dividend of Rs 2.50 (at 125 per cent) per equity share having a face value of Rs 10 each fully paid up for the financial year 2021-22. The declared dividend will go ex-dividend on August 3, 2022. The record date for the dividend is yet to announce. The company maintains a good track record of dividends. Since 2011, it has declared 16 dividends including this one. Thes 16 dividends include 6 interim and 10 final dividends.

On Friday, the stock of the company closed at Rs 162.05 apiece. Last week its share price gained a whopping 10.24 per cent. It has also given a good return of 27.7 per cent in the last 1 month. In the past 1 year, its share declined 36.67 per cent and 9.32 per cent in the past 3 years, respectively. It has given a major negative return of 59.48 per cent in the past 5 years. The returns show the stock has performed well in short term and gave negative returns in long term. 

The stock's 52-week low was recorded at Rs 122.55 apiece on 07 March 2022 and the 52-week high was recorded at Rs 277.70 apiece on 23 July 2021, respectively.

Disclaimer

The stock has been sourced from NSE & BSE. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.