Small Cap Chemical Stock With 167.7% Return In 3 Yrs Recommends 325% Dividend; Know More

Uniphos Enterprises Ltd. in its Board meeting, which was held on May 26, 2023, recommended a dividend of Rs. 6.50/share i.e. 325% on the equity shares of face value of Rs. 2 each for the finacial year 2022-23. The recommended dividend is subject to the approval of members of the company at the AGM, according to the exchange filing.

Uniphos Enterprises Ltd. is currently engaged in the business of trading chemicals and other products. With a market valuation of Rs. 1,054.66 crore, it is a small-cap company.

325% Dividend

According to a regulatory filing by the Board of Directors of Uniphos Enterprises Ltd., "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."

Stock Outlook

The last traded share price of Uniphos Enterprises is Rs. 151.65/share, down 0.56% from its previous close.

The stock jumped 2.16% in the past 1 week and 3.59% in 1 month, respectively. It gave a 21.81% positive return in 1 year. In 3 years, it gave a maximum 167.7% positive return. In 5 years, it gave 95.8% positive return.

The stock traded its 52 week high on 10 February 2023 at Rs. 180/share and 21 June 2022 at Rs. 115.25/share, respectively.

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