Small Cap Financial Services Stock With Over 300% Return In 3 Yrs Recommends Dividend

Prime Securities Ltd., a small-cap financial services sector stock, held a meeting on Friday, April 21, 2023, where the board of directors of the company recommended a Dividend of Rs 0.50/share for the financial year ended March 31, 2023. Prime Securities is a Leading provider of diversified, Investment Banking and Corporate Advisory services, licensed and regulated by the Securities and Exchange Board of India (SEBI), authorized to Advise and Arrange financial services under a Category 1 Merchant Banking License and is headquartered in Mumbai, India. It has a market capitalisation of Rs 359 crore.

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

The last trading price of the stock is Rs 111.05 apiece on BSE, down 1.77% from the previous close. The stock touched its 52 week high on 4 May 2022 at Rs 126.35 apiece, and 52 week low on 22 June 2022 at Rs 86.65 apiece, respectively.

It has given 2.42% negative return in 1 week, and 10.4% positive return in 1 month. In the past 1 year, the stock has given 0.23% positive return. In the past 3 years, it has given 304.93% positive return. In 5 years it has given 123.92% positive return.

Recommended A Dividend Of Rs 0.50/share

According to the regulatory filing by the Board of Directors of Prime Securites Ltd, "Recommended a Dividend of ₹ 0.50 per Equity Share of ₹ 5/- each (10%) to the Members of the Company for the Financial Year ended March 31, 2023. The Dividend recommended by the Board of Directors is subject to the approval of the Members at the ensuing Annual General Meeting ("AGM") of the Company. The date of AGM and Book Closure shall be intimated in due course."

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