Small Cap Engineering Stock Declared 1st Interim Dividend Of Rs 100/Share, Sets Record Date

Disa India Ltd has declared its 1st interim Dividend for the Financial Year ending March 2023. The Board of Directors of the company in its meeting held on February 9, 2023, declared the dividend. Disa India is a small-cap company operating in the Engineering sector having a market capitalisation of Rs 1,183 crore. Here are the key details about the stock:

Stock Outlook and Performance

The stock of Disa India last traded at Rs 8092.70 apiece on BSE, down 2.64% as compared to its previous close of Rs 8312.35 apiece. The stock is trading 5.29% down from its 52 week high of Rs 8545 apiece, which it recorded on 17 January 2023. The stock recorded its 52 week low on 7 March 2022 at Rs 5232 apiece.

The stock has gained 0.45% in a week and declined 1.79% in the past 1 month. It has gained 27.97% in the past 1 year. It gave the highest 74.62% in the past 3 years. In 5 years it gave 26.8% positive returns.

Declared 1st Interim Dividend

According to the regulatory filing by the Board of Directors of Disa India Ltd, "Payment of first Interim Dividend of Rs. 100/- (1000%) per equity share of the face value of Rs. 10/- each for the Financial year 2022-23, payable to the registered shareholders of the Company as on the Record Date i. e., February 21, 2023, amounting to Rs. 145.42 Million. The said Interim dividend will be paid on or before March 10, 2023 within 30 days from the date of declaration."

Dividend History

Disa India maintains a good track record of Dividend payout. The stock has declined 21 dividends since August 2001, which includes 19 Finale and two Interim dividends, including the recent one. It has declared equity dividends amounting to Rs 260 in FY 22-23.

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