Small Cap Petrochemicals Stock Declares 800% Interim Dividend, Check Record Date

Small cap stock operating in Petrochemicals sector, Styrenix Performance Materials Ltd declared massive Rs 80/- per equity share (800%) of Rs 10 each. The company has a market capitalisation of Rs 1,464.88 crore. It gave 10% return in last 1-month and 6% return YTD. Soon after declaring dividend and fixing the record date, the stock rallied 1.54% till 3:25 pm on BSE. Check details below:

Styrenix Performance Materials Declares Dividend, Sets Record Date: According to the BSE filing of the company, "Accordingly, in terms of Regulations 30 the SEBI (Listing Obligations and Disclosure Requirernents) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, at its meeting held today, has considered and declared an Interim Dividend of Rs. 80/- (i.e. 800%) per equity share of Rs 10 each. As informed vide our letter dated. March 09, 2023, the record date for tile purpose of determining the members eligible to receive the interim dividend, is Friday, March 24, 2023."

Styrenix Performance Materials Stock Performance & Return: Current market price of Styrenix Performance Materials is Rs 831.50 apiece with 52-week high at Rs 1175.00 apiece and 52-week low at Rs 701.25 apiece, respectively. The stock declined 8% in last 6-months, 14% in last 1-year, and gave a return of 28% in last 3-years.

Styrenix Performance Materials About: Styrenix Performance Materials Limited is engaged in the manufacturing of absolac and absolan resins. It provides its products for manufacturing of home appliances, automobiles, consumer durables, and business machines. It operates all across the globe.

Disclaimer: The stock declared interim dividend and fixed record date today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.