Small Cap Stock Declares Rs 25 Per Equity Share Dividend For FY 2022-23

Board of small cap company, Rane Brake Lining Ltd on May 3, 2023 recommended a dividend of Rs 25 per equity share for the financial year 2022-23. The company has a market capitalisation of Rs 543.80 crore. Check details below:

Rane Brake Lining Ltd Declares Dividend: According to the BSE filing of the company, "recommended a dividend of Rs.25/- per equity share on 77,29,871 equity shares of Rs.10/- each fully paid up, for the financial year 2022-23, subject to approval of members at the ensuing 18th AGM of the Company. The dividend, if declared by the shareholders will be paid/dispatched on August 03, 2023 (Thursday) to the eligible shareholders."

Rane Brake Lining Stock Performance & Return: Last trading price of Rane Brake Lining is Rs 703.50 per share with intraday decline of 1.05% on BSE. The stock's 52-week high price is Rs 821.65 per share and 52-week low price is Rs 576.00 per share. The stock gave 9% return in last 1-year, declined 12% in last 2-years, and rallied 55% in last 3-years.

Rane Brake Lining About: Rane Brake Linings Ltd is engaged in manufacturing of components for transportation industry. It produced disc pads for automotive industry and railway brake blocks and parts out of asbestos and asbestos free-based friction materials, among others. It came into existence in 1964. Its products are supplied to 15 countries.

Disclaimer: The stock declared dividend 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.