Record Date For Dividend Issued: Chemicals Stock Trading 16% Away From 52-Week Low

Mid cap chemicals stock, Galaxy Surfactants Ltd on July 6, 2023 declared July 28, 2023 as the record date for dividend. The company on May 23 recommended a final dividend of Rs 4.00/- equity share of face value of Rs 10/- each for FY 2022-23. Last trading price of Galaxy Surfactants share is Rs 2647.00 and it is trading 16% away from 52-week low price of Rs 2217.50 per share. Check details below:

Galaxy Surfactants Declares Record Date For Dividend: According to the BSE filing of Galaxy Surfactants, "In continuation to our letter dated May 23, 2023 intimating that the 37TH AGM of the Company is scheduled to be held on Thursday, August 10, 2023 we would like to further inform you that record date for the purpose of payment of final dividend for FY 2022-23, if approved, in the aforesaid Annual General Meeting, will be Friday, July 28, 2023."

Earlier this year on May 23, 2023 board of directors of Galaxy Surfactants in its regulatory filing said, "Recommended final dividend of Rs. 4.00/- per equity share of face value of Rs. 10/- each for Financial year 2022-2023."

Galaxy Surfactants Stock Outlook & Return Over Years: Last trading price of Galaxy Surfactants share is Rs 2647.00 apiece on BSE with intraday gain of 0.23%. Its 52-week high price is Rs 3445.00 per share and 52-week low price is Rs 2217.50 per share, respectively. Galaxy Surfactants shares offered return of 10% in last 3-months, 9% in last 6-months, declined 8% in last 1-year, fell 14% in last 2-years, and offered return of 64% in last 3-years. In last 5-years, Galaxy Surfactants stock delivered return of 108%.

Galaxy Surfactants Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 981.50 crore, down 946% from its preceding quarter total income of Rs 1084.00 crore. It announced its latest quarter net profit after tax at Rs 90.53 crore.

Galaxy Surfactants About: It is One of the leading players in the world of Surfactants and Specialty Care Ingredients exclusively focused on catering to the Home and Personal Care Industry. It has 7 Plants with 5 Manufacturing Facilities in India, 1 in Egypt and 1 in USA. It was incorporated in 1986 and operates in the chemicals sector, according to its official website.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.