Small Cap FMCG Stock Declared 10% Interim Dividend, Fixes Record Date In April, Details Inside

The United Nilgiri Tea Estates Company Ltd., a Small cap FMCG company, in its Board meeting held on 30 March 2023 declared an interim dividend of Re.l/share i.e. 10% for the financial year 2022-23. The board also fixed the record date for the Interim Dividend as 7th April 2023.

The United Nilgiri Tea Estates Company is primarily engaged in growing and manufacturing Tea and letting out of its commercial property. Its tea is sold both in domestic and international markets. Its market valuation is Rs 136.16 crore.

Declared 30% Interim Dividend For FY 2022-23

In its exchange filing to NSE, the Board of Directors of the company said, "Pursuant to Regulation 30 of the SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at its meeting held today (30th March 2023) declared an interim dividend of Re.l/- per share (10%) for the financial year 2022-23. The record date for the purpose of determining the eligibility for dividend has been fixed as 7th April, 2023."

The United Nilgiri Tea Estates Company Ltd - Stock Outlook & Performance

On NSE, the share of The United Nilgiri Tea Estates Company last traded at Rs 272.50 apiece. Its 52 week high is Rs 432.90 apiece and 52 week low is Rs 261.20 apiece.

It has given 3.37% negative return in the past 1 week, however, it gained 0.26% in the past 1 month. In the past 1 year, it has given 21.44% negative return. In the past 3 years, it has given 43.8% positive return. In the past 5 years, it has given 20.28% negative return.

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