Midcap Banking Stock Hits 52-Week High After Bank Sets Record Date For Dividend, Up 148.53% In 1 Yr

Midcap Scheduled Commercial Bank, J&K Bank has informed that the Board of Directors of the Bank in their meeting held today i.e., July 24, 2023, have fixed record date as Wednesday, Aug 16, 2023, for Rs 0.50/share dividend payout.

On May 05, 2023, the board recommended a dividend of Rs 0.50 per equity share of Re. 1/- each fully paid up for the year ended March 31, 2023.

Date of 85th Annual General Meeting	Thursday, 24th August, 2023
Record Date	Wednesday, 16th August, 2023
Book Closure Date	Thursday, 17th August, 2023 to Wednesday, 23rd August, 2023 (both days inclusive).
Dividend Payment Date	By or before Friday, 22nd September, 2023

"the Board of Directors in their meeting held on 04th/5th May, 2023 has recommended a dividend of Rs.0.50 per equity share of Re. 1/- each fully paid up for the year ended March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting ("AGM") of the Bank," the bank said in an exchange filing on May 05, 2023.

On Monday, the share price closed 4.89% down at Rs 70.83 apiece on BSE. It hit 52-week high today at Rs 77 apiece and 52-week low is Rs 26.96 apiece. The stock has fallen 1.32% in the past 1 week. It gained 25.36% in 1 month, 36.82% in 3 months, and 27.28% in 6 months, respectively.

It has given 148.53% multibagger return in 1 year, and 89.64% in 2 years, respectively. It has given 325.41% positive return in 3 years and 45.44% in 5 years, respectively. The Bank has a market cap of Rs 6,810.16 Crore.

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