Debt-Free Small Cap Chemicals Sector Stock Approves Dividend, Check Record Date

Board of small cap stock operating in Chemicals sector, Poddar Pigments Ltd today approved interim dividend. The company has already fixed record date for interim dividend. The stock gave 32% in last 2-years and 91% in last 3-years. Check
details below:

Poddar Pigments Ltd Approves Interim Dividend: According to the BSE filing of the company, "We wish to inform you that the Board of Directors of the Company in its meeting held today at 11.30 A.M. and concluded at 12.15 P.M. have, inter-alia, considered, approved and declared an Interim Dividend of Rs. 3.50/- per Equity Share i.e. 35% on face value of Rs. 10/‐ per share for the financial year 2022-23."

Earlier, the company fixed March 22, 2023 as the record date for the interim dividend. The Interim Dividend will be paid within 30 days from the declaration of Interim Dividend, subject to applicable taxes, in terms of the relevant provisions of the Companies Act, 2013.

Poddar Pigments Ltd Stock Performance & Return: The last trading price of the stock is Rs 267.60 apiece on BSE. Its 52-week high price is Rs 338.30 apiece and 52-week low price is Rs 231.00 apiece, respectively. The company has a market capitalisation of Rs 283.92 crore. The stock declined 5% in last 1-year, gave a return of 32% in last 2-years, and 91% return in last 3-years. It gave over 2% return in last 1-week.

Poddar Pigments Ltd About: Poddar Pigments Limited is a small cap company that was incorporated in 1991. It is engaged manufacturing Color & Additive Masterbatches. It has the unique distinction of being the first company in India to manufacture Masterbatches for the dope-dyeing of Polypropylene, Nylon & Polyester Multifilament Yarn/ Fibers.

Disclaimer: The stock declared interim dividend today. 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.