Small Cap Stock Declares 50% Dividend, Fixes Record Date, Jumps 640% In 3 Yrs; Detail Inside

Ram Ratna Wires Ltd., in its Board meeting which was held on May 26, 2023, recommended a dividend of Rs, 2.50/share i.e. 50% of the face of Rs 5 each for the financial year ended 31st March 2023.

The recommended dividend is subject to approval by the shareholders of the company at its 31st Annual General Meeting (AGM) of the company.

This is a Capital Goods sector company operating in the Electrical Equipment industry. With a market capitalisation of Rs. 953.48 crore, it is a small-cap company.

50% Dividend

The company in its regulatory filing has said, "Recommended a dividend of Rs 2.50/- per share (i.e. @ 50%) on the equity shares of face value of Rs 5/- each, for the financial year ended 31st March, 2023, subject to the approval of the Shareholders at the ensuing 31st Annual General Meeting (AGM) of the Company. The dividend, if approved shall be paid / dispatched within 30 days from the conclusion of the AGM, subject to deduction of tax at source, as applicable."

It added, "The Company has fixed 1st September, 2023 as the Record Date for determining entitlement of members to dividend for the financial year ended 31st March, 2023."

Stock Outlook

On Friday, the stock of Ram Ratna Wires closed at Rs. 216.70 apiece, 0.34% down from its previous close of Rs. 217.45 apiece. Its 52 week low is Rs. 113.83/share and 52 week high is Rs. 255.93/share, respectively.

The stock jumped 8.84% in the past 1 week. It jumped 13.16% in the past 1 month and 43.32% in the past 3 months, respectively. It gave 131.55% positive return in the past 1 year. In the past 3 years, it gave a multibagger return of 640.27%. In 5 years, it gave 159.84% positive return.

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