Multibagger Small Cap Stock Announces 125% Dividend, Don't Miss Record Date

Transport Corporation of India Ltd (TCI) has grown from a single truck plying on a single route to becoming India's leading integrated multimodal logistics service provider. The board of directors in its meeting held on October 29, 2022 announced 125% interim dividend. The company has a market capitalisation of Rs 5,823.42 crore. Check key takeaways below:

1. Transport Corporation of India Announces Interim Dividend

The board of directors of TCI declared in the regulatory filing, "This is in continuation to our letter dated 14th October, 2022 and 20th October, 2022 respectively intimating you about convening of the Board Meeting of the Company on Saturday, the 29th October, 2022. The Board of Directors, in its meeting held on even date, has inter-alia declared Interim Dividend for FY 2022-23 @ 125% (Rs. 2.50/-) per Equity Share of Face Value of Rs.2/- each to the Shareholders whose names appear on the Register of Members on the RECORD DATE i.e. Saturday, the 5th November, 2022, which has been decided in due consultation with the Stock Exchanges. The payment of dividend/dispatch of warrants will be completed within 30 days of declaration of Interim Dividend i.e. on or before 28th November, 2022."

The record date for the said interim dividend is November 5, 2022.

2. Transport Corporation of India Stock Outlook

The last trading price of TCI is Rs 751 apiece with 52-week high at Rs 858 apiece and 52-week low at Rs 528 apiece, respectively.

3. Transport Corporation of India Ltd Return

The stock has given a return of 169% in last 5-years, 167% in last 3 years, and 17% in last 1-year.

4. About Transport Corporation of India Ltd

TCI's range of services encompasses the entire gamut of supply chain services from the point of origin to the end customer. TCI has been continuously introducing new and innovative services.

From multimodal transportation (road, rail, air, sea) to express delivery solutions, from freight forwarding and customs clearances to warehouse management services, each of the services are linked under a single Customer Relationship management system for maximum benefit to clients.

Disclaimer

The stock specifies details about interim dividend and record date. 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.