Midcap NBFC Stock Trading Near 52-Week High, Recommends 150% Final Dividend, Jumps 100% In 3 Yrs

The Board of Directors of Sundaram Finance Ltd. held a meeting on May 26, 2023. In the Board meeting, it recommended a final dividend of Rs 15/share i.e. 10% for the financial year 2022-23. Sundaram Finance is a Midcap financial sector stock operating as NBFC. It has a market capitalisation of Rs. 28,272.60 crore.

150% Final Dividend

The company in an exchange filing said, "The Board of Directors has recommended a final dividend of ₹15/- per share (150%) for the financial year ended 31st March 2023, on the paid-up capital of ₹111.10 cr. This, together with the interim dividend of ₹12/- per share (120%) paid on 03rd March 2023 will make a total dividend of ₹27/- per share (270%) for the financial year ended 31st March 2023."

Stock Outlook

Sundaram Finance's last traded share price on NSE is Rs. 2.544.70 apiece, down 0.54% as compared to its previous close of Rs.2,558.60 apiece. Its 52 week high is Rs. 2,585 apiece and 52-week low is Rs. 1,555 apiece, respectively.

The stock gave 1.44% positive return in 1 week. While it gave 8.04% positive return in 1 month and 11.27% in 3 months, respectively. It gave 56.46% positive return in 1 year. In 3 years it gave 100.82% positive return. In 5 years, it gave 36.89% positive return.

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