600% Dividend: Mid Cap Metals Stock Set To Go Ex-Dividend On July 27

Mid cap stock operating in metals & ferrous sector, Ratnamani Metals & Tubes Ltd is all set to trade ex-dividend on July 27, 2023. Ratnamani Metals share last trading price is Rs 2584.80 per share with intraday fall of 0.08% on BSE. Ratnamani Metals shares delivered 89% in last 2-years and 52% return in last 1-year. Check details below:

Ratnamani Metals To Go Ex-Dividend: The stock will go ex-dividend on July 27, 2023. As per the BSE filing of the company dated May 10, 2023, "The Board has recommended a Dividend of Rs.12.00 per Equity Share (i.e. @ 600%) on 7,00,92,000 Equity Shares of Rs.2.00 each to the members for the financial year ended on March 31, 2023, subject to the approval of the Members at the ensuing 39th Annual General Meeting of the Company. The dividend, if approved by the members at the ensuing AGM, would be paid to the members subject to deduction of tax at source, on or before September 2, 2023."

Ratnamani Metals Stock Performance & Return: Last trading price of Ratnamani Metals stock is Rs 2584.80 apiece. Its 52-week high price is Rs 2660.25 per share and 52-week low price is Rs 1601.05 per share, respectively. It has a market capitalisation of Rs 18,117.38 crore. Ratnamani Metals shares offered return of 29% YTD, rallied 269% in last 3-years, and 347% in last 5-years.

Ratnamani Metals Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1505.64 crore, up 36% from last quarter total income of Rs 1106.10 crore. It declared its latest quarter net profit after tax at Rs 192.58 crore.

Ratnamani Metals About: Ratnamani has grown to become a multi-location, multi-product company providing critical tubing and piping solutions to diverse range of industries & niche markets in core sectors Viz., Oil & Gas, Refinery & Petrochemical, Dairy, Chemical & Fertilizer, Thermal, Solar & Nuclear Power, LNG, Desalination, Defense, Aerospace, Chillers & Cooling system, Pulp & Paper Industry, Automobile etc, according to its official website.

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