Rs 17.50/Share Dividend: Small Cap Industrial Equipment Stock Sets Record Date For Dividend Payment

Small cap stock operating in Industrial Equipment sector, Ador Welding fixed August 2, 2023 as the record date for payment of dividend. The company declared Rs 17.50/- per equity share dividend of the face value Rs 10/- each for the financial year ended March 31, 2023. Check details below:

Ador Welding Sets Record Date For Dividend Payment: As per the BSE filing of Ador Welding dated July 18, 2023, "For shares held in Demat form in the Depository system, the record date/ cut off date for payment of Dividend shall be 02nd August, 2023 and accordingly, dividend will be paid to the beneficial owners, as on the record date, as per the list provided by the depositories. Dividend, if declared at 70th Annual General Meeting, will be paid after 11th August, 2023."

Ador Welding Dividend: The company earlier this year on May 30, 2023 stated in the regulatory filing, "The Board of Directors of the Company has recommended dividend of Rs. 17.50/- (175%) per Equity Share, for the financial year ended 31st March, 2023, subject to the approval of the shareholders, at the ensuing 70th AGM."

Ador Welding Stock Performance & Return: Last trading price of Ador Welding share is Rs 1225.15 per share with intraday fall of 0.04%. Its 52-week high price is Rs 1301.90 per share and 52-week low price is Rs 742.05 per share, respectively. It has a market capitalisation of Rs 1666.02 crore. Ador Welding shares offered return of 52% in last 6-months, 55% return in last 1-year, 62% return in last 2-years, and 376% return in last 3-years.

Ador Welding Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 200.37 crore, up 7.48% from preceding quarter total income of Rs 186.43 crore. It announced its latest quarter net profit after tax at RS 16.36 crore.

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