Rs 6.5/Share Dividend: Chemical Stock To Trade Ex-Dividend Soon For 325% Payout

Uniphos Enterprises is a small cap company which deals in the chemical sector. Uniphos Enterprises Limited is engaged in the business of trading of chemicals. The company has declared a final dividend of 325% for FY23 and the stock is going to trade ex-dividend on 11 August 2023. Due to the company's T+1 settlement type, the record date is also falling on the same date.

Uniphos Enterprises Dividend

The Board of Directors of the company has "Recommended dividend of Rs 6.50 (i.e., 325%) per equity share on equity shares of face value of Rs 2/- each for the financial year ended 31st March, 2023, subject to deduction of tax at source and approval of members at the ensuing 54th Annual General Meeting ("AGM"). The dividend will be paid or warrants thereof will be dispatched to the shareholders within 30 days of the AGM," said Uniphos Enterprises in a stock exchange filing.

For the purpose of the payment of above-said dividend, the company has fixed Saturday, 12th August, 2023 to Friday, 25th August, 2023 (both days inclusive) as the book closure date.

Uniphos Enterprises has announced an equity dividend of 325.00% at a face value of Rs 2, or Rs 6.5 per share, for the financial year ended March 2023. The dividend yield at the current share price of Rs 172.25 is 3.78%. The company has a solid track record of dividend declarations during the past five years. According to Trendlyne's statistics, Uniphos Enterprises Ltd. has issued 7 dividends since September 3, 2001.

Uniphos Enterprises Financials

The company recorded a net income of Rs 1.15 Cr in Q4FY23 compared to Rs 0.73 Cr in Q4FY22. Its net expenses stood at Rs 0.95 Cr in the quarter ended March 2023 compared to Rs 1.10 Cr recorded in the quarter ended March 2022. The company's EBIT reached Rs 0.20 Cr in Q4FY23 compared to Rs -0.37 Cr in the same quarter of FY22 and the net profit of Uniphos Enterprises reached Rs 0.47 Cr in Q4FY23 compared to a net loss of Rs -0.49 Cr in Q4FY22. The company is yet to declare its Q1FY24 results.

"We wish to inform you, pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 9th August, 2023, inter-alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30th June, 2023," said Uniphos Enterprises in a stock exchange filing.

Uniphos Enterprises Share Price

On Tuesday, the shares of Uniphos Enterprises opened on the BSE at Rs 175.05 apiece and while writing this copy the scrip was trading at Rs 173 with a downside gap of -0.60% over the previous close of Rs 174.05. The stock made a 52-week-high of Rs 184.00 on (13/02/2023) and a 52-week-low of Rs 113.00 on (03/01/2023). During Q1FY24, the company recorded promoter shareholding of 73.78%, FIIs stake of 15.69% and public stake of 10.53%.