30% Final Dividend: Small Cap Pharma Stock Turning Ex-Dividend On Sept 18

In a recent development, the Board of Directors of Ami Organics Ltd., a small cap Pharmaceuticals company, has fixed the record date for the final dividend as Monday, Sept 18, 2023.

The Board of Directors of the company has recommended 30% Final Dividend i.e Rs 3/share of face value of Rs 10 each fully paid up, for the Financial Year 2022-23. The recommended dividend is subject to approval by the shareholders of the company at the AGM.

According to the regulatory filing by the Board of Directors of the company, "the Company has fixed Monday, September 18, 2023 as 'Record Date' for the purpose of determining entitlement of the members of the Company to receive Final Dividend of Rs. 3/- (@ 30%) per equity share having face value of Rs. 10/- each fully paid-up, for the financial year 2022-23. The said Dividend, if. declared by the shareholders at the 16'^TM AGM, shall be paid, subject to deduction of tax at source as applicable within 30 days of declaration at the ensuing AGM. The date of disbursement of Dividend, if declared, shall be intimated in advance."

Stock last traded on the BSE at Rs 1,316.95 per share. It gained 0.47% in 1 week. In 1 month, it gained 6.92%. In 3 and 6 months, it gained 8.91% and 39.62%, respectively. It gained 27.27% in 1 year.

Its 52-week high is Rs 1,387.50 per share and 52-week low is Rs 844.95 per share on the BSE. The market cap of the stock is Rs 4,798.21 Crore.

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