Small Cap Consumer Durable Co. Recommends 150% Dividend, Stock Trading 5.12% Below 52-Week High

The Board of Directors of La Opala RG Ltd. in their Board meeting held on May 29, 2023, recommended a final dividend of Rs.3/share of face value of Rs. 2 each i.e. 150% for the financial year ended March 31st, 2023.

La Opala RG is a leading manufacturer and marketer of tablewares (opal and glass) in India. It is a Small cap stock having a market capitalisation of Rs. 4,567.32 crore.

150% Dividend

"Recommended a final Dividend of Rs3/- (@150%) per equity share of face value of Rs. 2 each for the Financial Year ended March 31, 2023. An interim Dividend of Rs. 2 (@100%) per equity share was declared and paid during the year. The Total Dividend for the year including the final dividend (subject to approval of the shareholders at the ensuing Annual General Meeting) will be Rs.5/- (@250%) per equity shares," the company said in an exchange filing.

It added, "The dividend, if approved, shall be paid on or after five days but before thirty days from the date of declaration by the Shareholders at the 36th Annual General Meeting of the Company. The date of the AGM and book closure date(s)/record date for the purpose of Dividend shall be informed in due course."

Stock Outlook - Current Market Price, 52 Week High/Low, Returns

On Tuesday, the share price of La Opala RG closed 2.35% higher at Rs. 414.65/share on NSE. It rises 6.89% in 1 week.

It gave 8.39% return in 1 month, and 12.26% in 3 months, respectively. The stock has given 56.46% positive return in 1 year. 144.74% in 3 years and 68.12% in 5 years, respectively.

The stock recorded its 52 week high at Rs. 433.85/share on 14 November 2022 and 52 week low on 17 June 2022 at Rs. 243/share. The stock is trading 5.12% below the 52 week high.

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