Small Cap Agro Stock Recommends 300% Dividend, Gave Over 250% Return In 3 Yrs; Know More

Neelamalai Agro Industries Ltd. in its Board meeting held on Tuesday, May 30, 2023, recommended a final dividend of Rs. 30/share i.e. 300% with a face value of Rs. 10 each for the financial year 2022-23. In addition, the Board also announced the AGM date as 24th August 2023.

This a Small Cap Agro company engaged in the business of Tea manufacturing, Trading and Exports. The company has a market valuation of Rs. 212.25 crore.

300% Dividend

According to the regulatory filing by the Board of Directors of Neelamalai Agro Industries Ltd., "The Board of Directors of the Company at its meeting held on May 30, 2023 recommended a final dividend of Rs.30/- per share (300%) with face value of Rs.10/- each amounting to Rs.186.63 Lakhs for the Financial Year 2022-2023."

80th Annual General Meeting shall be held on the Thursday, 24th August, 2023, according to the exchange filing.

Stock Outlook

On Friday, the share price of Neelamalai Agro Industries Ltd. closed at Rs. 3,412.05/share on BSE. The stock surged 0.19% in the past 1 week. However, it falls 1.93% in 1 month.

It gave 8.89% negative return in 1 the past 1 year. In the past 3 years, the stock has given 271.18% positive return, while, in the past 5 years, it gave 162.27% positive return.

The stock traded the 52 week high on 19 July 2022 at Rs. 4,380/share and 52 week low on 24 April 2023 at Rs. 2,952.75/share, respectively.

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