Rs 77.50/Share Dividend, 4:1 Bonus Share: Penny Stock To Trade Ex-Dividend Next Week

Board of penny stock priced under Rs 12 per share, Taparia Tools Ltd on May 30, 2023 recommended a whopping final dividend of Rs Rs 77.50/- (775%) per Equity share. The stock will trade ex-dividend on June 26, 2023. Recently, Taparia Tools on June 19 fixed 11 July, 2023 as record date for bonus share in the proportion of 4:1. Last trading price of Taparia Tools share is Rs 11.57 per share. Shares of Taparia Tools also hit upper circuit on June 23, 2023. Check details below:

Taparia Tools Declared Bonus Share: As per the regulatory filing of Taparia Tools, "In terms of Regulation 42 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the company has fixed , 11th July, 2023 as the "Record Date ", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 4:1 [ie : 4 Fully paid up equity shares for every 1 (one) equity share held.] Subject to the approval of shareholders."

Taparia Tools Announced Massive Dividend: According to the BSE filing of the small cap company, "The Board of Directors of the Company has inter-alia considered and recommended the Final Dividend @ Rs 77.50/- (775%) per Equity share of Rs.10/- each from the Distributable Profit for the Financial Year ended 31 March 2023 , subject to approval of shareholders in ensuing Annual General Meeting." The stock will trade ex-dividend on June 26, 2023.

Dividend announcements have their own importance. Companies with stable earnings over many years pay dividend to investors. Companies pay dividend to attract investors and enhance the value of their stocks.

Taparia Tools Stock Performance, Financial Performance, & Return: Last trading price of Taparia Tools share is Rs 11.57 per share with intraday gain of 4.99%. The stock hit 5% upper circuit on June 23. It has a market capitalisation of Rs 3.51 crore. Its 52-week high price is Rs 12.14 per share and 52-week low price is Rs 10.50 per share, respectively. In last 3-months, Taparia Tools offered return of 10%.
The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 196.81 crore, up 1.08% from preceding quarter total income of Rs 194.70 crore. It declared its net profit after tax at Rs 17.83 crore in latest quarter.

Taparia Tools About: It started manufacturing hand tools in 1969 in India in technical collaboration with a reputed company of Sweden. Taparia Tools has been since then consistently producing all the hand tools in India with the exact technology of its collaborators. It came into existence in 1965, according to its official website.

Disclaimer: The penny stock will trade ex-dividend next weeek and fixed record date for bonus share. Greynium Information Technologies and the authorare 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.