Small Cap Stock Trading 3.27% Down 52 Week High Recommends 250% Final Dividend; Check Details

The Board of Directors of Empire Industries Ltd. in their meeting held on Monday, May 22, 2023, recommended a final dividend of Rs. 25/share i.e. 250% of Rs. 10 each paid-up equity share for the financial year ended 31st March 2023.

Empire Industries Ltd. is a small cap company engaged in the business of manufacturing container glass, trading in frozen foods, indenting and property development. It has a market capitalisation of Rs. 429 crore.

Recommended Final Dividend

According to the regulatory filing by the Board of Directors of Empire Industries Ltd., "The recommendation of Final Dividend of Rs. 25/- (Rupees Twenty Five Only) per equity share of Rs.10/- each (250% on its paid-up equity shares) for the financial year ended 31st March, 2023 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company."

Stock Outlook

The last traded share price of Empire Industries on BSE is Rs. 725.45 apiece, up 1.625 from its previous close of Rs. 713.85 apiece. Its 52 week high is Rs. 750 apiece and its 52-week low is Rs. 579 apiece, respectively. The stock is trading 3.27% down its 52 week high.

The stock jumped 2.36% in the last 1 week. It gave 16.07% positive return in 1 year and 43.37% in 3 years, respectively. However, it has fallen 63.56% in 5 years.

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