Midcap Engineering Stock Soon Trade 450% Ex-Dividend, Gave 40.29% Returns In 3 Months

AIA Engineering Limited. Is paying a final dividend of 450%. Early next month, the stocks will trade ex-dividend. The record date for the same, though, has not yet been disclosed by the company. It has a market capitalization of Rs 1,616.32 crore. AIA Engineering is India's largest manufacturer and supplier of high chrome wear, corrosion and abrasion resistance castings.

450% Final Dividend

A meeting was held on May 25, 2022, where the Board of directors of AIA Engineering Limited recommended the final dividend of 450% amounting to Rs 9 per equity share of Rs 2 each.
 
 The Board of Directors in its filing to the BSE & NSE has stated, "The Board has recommended a Dividend of ~ 9.00/- per Equity Shares of ~2/- each (i.e. 450% Dividend). The above dividend, if declared by the Members of the Company at the ensuing Annual General Meeting will be credited/paid within 30 days from the date of the Annual General Meeting."
 
Ex-Dividend Date - The ex-dividend date of the recommended 450% final dividend is September 1, 2022.
 

AIA Engineering Dividend History

The company declared its first dividend of 25% in September 2006 and since then the company has maintained a good track record of dividends to its shareholders In the past 16 years, the company has declared 21 dividends. Out of declared 21 dividends, 6 were Interim dividends and 14 were final dividends including the recent one. The company has declared only 1 special dividend in 16 years. Last year, the company also declared a final dividend of 450% amounting to Rs 9 per share.

Stock Outlook

On Friday, 19 August, the stocks of the company opened at Rs 2559 apiece, and after a fall of 1.79%, closed at Rs 2512.40 apiece. The 52-week high of the stock is Rs 2654.10 and the 52 week low of the stock is Rs 1475.05 apiece, respectively. On intraday, the stock is trading at Rs 2496 apiece, near its low of Rs 2,494.70. 

Returns on Investments

The stocks of the company declined 1.73% in the past 1 week, whereas, gained 3.24% in the past 1 month. Over the past 3 months and 1 year, the stocks have surged by 40.29% and 26.24%. In the past 3 years, the stock gave a positive return of 52.35% and in the past 5 years, the shares gave a positive return of 7.57%.

About - AIA Engineering Limited

AIA Engineering Ltd is specializes in design development manufacture installation and servicing of high chromium wear corrosion and abrasion resistant parts used in cement mining and thermal power generation industries. AIA Engineering is India's largest manufacturer and supplier of high chrome wear, corrosion and abrasion resistance castings. The company has a global presence in terms of sales and service offices across the world. Outside India, the company sells under the brand name Vega. 

Disclaimer

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