5 Small Cap Stocks That Announced Dividends As High As 300%, Ex Dates Till July

In the ongoing results season, several small-cap companies have posted their fourth-quarter numbers. Some of them even announced dividends. We have tracked five such companies that have announced dividends as high as 300 per cent. The companies are Kuantum Papers, High Energy Batteries India Limited, Seshasayee Pape - Small, Rane Brake, and Sula Vineyards Given below are the details of each.

1. Kuantum Papers Ltd
Kuantum Papers is one of the oldest paper mill companies established in 1979-80 in an economically backward village - Saila Khurd, in District Hoshiarpur, in the state of Punjab, India. It was formed to utilize wild Agro vegetations like Sarkanda Grass and Kahi Grass, and Agro-residues such as Wheat straw and Bagasse to make writing and printing paper. This small-cap company has a market capitalisation of Rs 1,323.35 crore.

The company announced on May 2 that the board has recommended a dividend at Re 1 per share on the Redeemable non-cumulative preference shares of Rs 10 each and Rs 3 (300 per cent) per share on the equity shares of Re 1 each for the year ended 31 March 2023. The dividend announced will get approval by the shareholders during the annual general meeting (AGM), to be held on Friday, 7 July.

The current market price of the stock of Kuantum Papers Ltd is Rs 151.65 per share, which is down by 2.19 per cent on an intraday basis. The 52-week price is at Rs 63.20 per share and the 52-week high is at Rs 179.07 per share. The share price has surged massively by 91.96 per cent within a year and in three years it has soared by 315.48 per cent.

2. High Energy Batteries (INDIA) Ltd
High Energy Batteries (INDIA) Ltd is a manufacturer of batteries. The Company operates through two segments: Aerospace Naval and Power System Batteries and Lead Acid Storage Batteries. This small-cap company was incorporated on September 27, 1961, at Tiruchirapalli, Tamil Nadu. Its current market capitalisation is Rs 347.80 crore.

The company announced that the board of directors has recommended a dividend of Rs 3.50 (175 per cent) per equity share of Rs 2 each for the financial year 2022- 23. The book closure dates are for a period of seven days, i.e. from June 17, 2023 [Saturday] to June 24, 2023 [Saturday]. During this period the names recorded as shareholders will get the dividend announced after the AGM held on June 24, 2023.

The current market price of the stock of High Energy Batteries (INDIA) Ltd is Rs 388 per share, which has declined by 2.99 per cent over the previous day's closing. The 52-week low price is at Rs 242 per share and the 52-week high is at Rs 479.85 per share. The share price has rallied by 19.42 per cent within a year and in three years, it has soared by 837.2 per cent.

3. Seshasayee Paper and Boards Limited
Seshasayee Paper and Boards Limited (SPB), the flagship company belonging to 'SPB-ESVIN GROUP', owns and operates an Integrated Pulp, Paper, and Paper board Mill at Pallipalayam, Erode, District Namakkal, Tamilnadu, India A Paper Mill at Tirunelveli District, Tamilnadu, India SPB, incorporated in June 1960. The current market capitalisation of the company stands at Rs 1,788.93 crore.

During a board meeting, the directors of the company recommended payment of a dividend of Rs 6 (300 per cent) per equity share of Rs 2 each, for the financial year 2022-23. The company has set June 7, as the record date fixed to record the eligible members for dividend.

The latest market price of the stock of Seshasayee Paper and Boards Limited is Rs 283.65 per share, which declined by 1.08 per cent over the previous day's closing. The 52-week low price is at Rs 160 per share and the 52-week high is at Rs 349 per share. The share price has surged by 42.9 per cent within a year and in three years, it has zoomed up by 121.77 per cent.

4. Rane Brake Lining Limited
Rane Brake Lining Ltd manufactures components for the transportation industry. The Company's products include asbestos and asbestos-free brake linings, disc pads, and railway brake blocks. Rane Brake also provides asbestos moulded, free-molded, and free-cord wound clutch facings. The company was established in 1964 in technical and financial collaboration with Nisshinbo Industries, Japan. Its current market capitalisation is Rs 562.27 crore.

The small-cap player has recommended a dividend of Rs 25 (250 per cent) per equity share on 77,29,871 equity shares of Rs 10 each fully paid up, for the financial year 2022-23. The dividend, if declared by the shareholders, will be paid/dispatched on August 03, 2023 (Thursday) to the eligible shareholders. The record date for dividends for the financial year is July 17.

The latest market price of the stock of Rane Brake Lining Ltd is Rs 727.40 per share, which was down marginally by 0.36 per cent over the previous day's closing. The 52-week low price is at Rs 576 per share and the 52-week high is at Rs 821.65 per share. The share price has rallied by 11.15 per cent within a year and in three years, it has surged by 72 per cent.

5. Sula Vineyards Limited
Sula Vineyards is a leading winery established in 1999, later incorporated in year 2003, as a Small Cap company operating in the beverage, Alcoholic sectors. Over the last 20 years, Sula has grown and established itself as a pioneer, innovator, and leader in the Indian wine industry. It has a market capitalisation of Rs 3,314.62 crore.

The company board recommended a final dividend of Rs 5.25 (262 per cent) per share, the face value of Rs 2 per equity share for FY 2022-23. To pay the dividend, and to note down the names o the eligible shareholders the company has fixed May 15 as the record date.

The latest market price of the stock of Sula Vineyards Ltd is Rs 393.30 per share, which inched up marginally by 0.86 per cent over the previous day's closing. The 52-week low price is at Rs 305.55 per share and the 52-week high is at Rs 432 per share. The share price has rallied by 8.95 per cent since its IPO listing in December 2022.

Disclaimer
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