Small Cap Auto Components Stock Declares 225% Interim Dividend, Set To Trade Ex-Dividend On July 24

The Board of Directors of Menon Bearings Ltd. at its meeting held on Saturday, Jul 15, 2023, declared an interim dividend of Rs 2.25 per Equity Share (i.e. 225%) for the financial year 2023-24. The Board also fixed Monday, Jul 24, 2023, as the 'Record Date' for determining the eligible shareholders.

Dividend

The company has said in an exchange filing, "Declared interim dividend for the financial year 2023-24 of Rs. 2.25 per Equity Share (i.e. 225% of paid-up share capital of the Company) having face value of Re. 1/- each. Pursuant to the provisions of Regulation 42 of the Listing Regulations, the Board of Directors confirmed Monday, 24th July, 2023 as 'Record Date' for determining the eligible shareholders who will be entitled for payment of the said interim dividend. The said interim dividend will be credited / dispatched to the shareholders from Thursday, 27th July, 2023 to Monday, 31st July, 2023."

Stock Movement

The stock's current market price on BSE is Rs 144 per share, up 1.27% compared to its previous close of Rs 143.20 per share. The stock is trading 2.70% down from its 52-week high of Rs 148 per share. Its 52-week low is Rs 79.95 per share.

The stock has given 3.23% positive return in the past 1 week. It gave 39.85% positive return in 3 months and 35.98% positive return in 6 months. It gave 78.55% positive return in 1 year. In 3 years, it gave 268.76% positive return. In 5 years, it gave 54.84% positive return.

About - Menon Bearings Ltd.

Menon Bearings Ltd. is a small-cap company operating in the Auto Components sector. The company is engaged in the business of Bearings, Bushes and Thrust Washers, and Aluminium Die Casting Components having applications in Heavy & Light commercial vehicles, Tractors, Construction equipment, Material handling, Stationery, Diesel, Gasoline and CNG engines. It has a market capitalisation of Rs 806.98 Crore.

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 any losses. Please consult a professional advisor.