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Small Cap Cement Stock Declared 50% Interim Dividend, Soon To Trade Ex-Dividend, Check Record Date
Orient Cement Ltd, a small-cap cement sector company of CK Birla Group today i.e. 31st January 2023, declared 50% Interim Dividend. The company is primarily engaged in the manufacture and sale of Cement. The company's manufacturing facilities are located in Chittapur, Gulbarga, and Karnataka. With a total capacity of 8 MTPA, they serve Maharashtra, Andhra Pradesh, Telangana, Karnataka and parts of Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Chhattisgarh. It has a market capitalisation of Rs 2,521.93 crore. Details are below:
Orient Cement Ltd. Stock Performance
The share price of Orient Cement last traded at Rs 123.10 apiece on NSE. Its previous close was Rs 123.50 apiece. Today, it opened at Rs 124.60 apiece. The stock recorded its 52 week high on 7 February 2022 at Rs 184.15 apiece and 52 week low on 20 June 2022 at Rs 95.60 apiece, respectively.
The stock has fallen 1.03% in the past 1 week, and 5.31% in the past 3 months, respectively. In the past 1 year, it has fallen 26.68%. It has given the highest 59,35% positive return in the past 3 years. In the past 5 years, it has fallen by 18.8%.
Orient Cement Ltd. Declares The Interim Dividend Of Rs 0.50/-
According to the Regulatory filing by Orient Cement on January 31st 2023, "This is to inform you that the Board of Directors of the Company at their meeting held today, i.e., on January 31, 2023, have considered and declared the Interim Dividend of Rs. 0.50/- (50%) per equity share of face value of Re. 1 each for the financial year 2022-23 and fixed Friday, February 10, 2023 as the 'Record Date' for the purpose of payment of Interim Dividend. The said Interim Dividend shall be paid within a period of 30 days from the date of declaration to those shareholders of the Company whose names appear in the records of the Company, as on the said Record Date."
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