Midcap Stock Declared 1180% Dividend, Gained Over 100% In 3 Years, Check Record Date

Sundaram-Clayton Ltd., a midcap Auto Ancillary sector stock on 25th January 2023 Declared an 1180% interim dividend for the year ending 31st March 2023. The company also fixed the record date for the declared interim dividend. The stock has a market capitalisation of Rs 9,580.60 crore. Check the stock details below:

Sundaram Clayton Stock Performance

The stock of Sundaram Clayton last traded at Rs 4,698.85 apiece on NSE, fallen 0.77% compared to its previous close of Rs 4,735.35 apiece. The stock recorded its 52 week high on 15 November 2022 at Rs 5,800 apiece and 52 week low on 16 May 2022 at Rs 3,500 apiece on NSE, respectively. It has fallen 3.36% in a week and in 1 month it fell 5.13%, respectively. The past 1 year gave 20.39% positive returns. In the past 3 years, it gave 105.24% positive returns.

Sundaram Clayton Dividend

The Board of Directors of Sundaram Clayton Ltd, in its regulatory filing on 25th January 2023, said, "The board of directors of the Company at its meeting held today, declared an interim dividend of Rs. 59/- per share (1180%) on 2,02,32,085 equity shares of Rs.5/- each fully paid up, absorbing a sum of Rs.119 Cr, for the financial year ending 31st March 2023 The interim dividend declared will be paid on or after 10th February 2023, to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 3 rd February 2023, being the Record Date fixed by the Company for this purpose."

Sundaram-Clayton Dividend History

Sundaram Clayton Ltd. maintains a good record of dividends and consistently declared dividends for the last 5 years. The company has declared 45 dividends since September 2001. Among these 45 dividends, 6 are Finale and the rest 39 are Interim Dividends. In the past 12 months, the company has declared an equity dividend amounting to Rs 44.00 per share. The current share price of the stock results in a dividend yield of 0.94%.

Disclaimer

The above-mentioned information is purely informational. 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.