Small Cap Stock Under Rs 100 Announced Record Date For Dividend, Shares Jumps 5.25% In 1 Week

The Board of Directors of Sah Polymers Ltd., a small-cap company, has announced the Record Date as 7th July 2023, for the final dividend of Rs. 0.50/share. The board in an exchange filing on June 21, 2023, informed the shareholders. On May 18.2023, the Board recommended the final dividend.

Dividend & Record Date

According to an exchange filing on June 21, 2023, "This is further to our letter dated May 18, 2023, wherein it was informed that the Board of Directors of the Company have inter-alia recommended the final dividend of Rs 0.50 (Fifty paise Only) per equity share (face value 10/- per equity share) for FY 2022-23, subject to the approval of the shareholders at the ensuing 31st Annual General Meeting to be held on July 14, 2023."

On May 18, 2023, the Board of Directors of the company informed the exchange that, "The Board of directors has recommended the final dividend of Rs 0.50 (Fifty paise Only) per equity share for the financial year 2022-23, subject to the approval of the Members at the ensuing Annual General Meeting (AGM) of the Company. Further, the relevant details in respect of Record date & date of Book Closure will intimated in due course."

Stock Outlook

The stock's current market price on NSE is Rs. 92.40 apiece, up 0.49% from the previous close. The stock jumped 5.25% in the past 1 week, while 4% in 1 month and 23.24% in 3 months, respectively. Since its date of listing, it has given 3.93% positive return.

The stock was listed on 12th January 2023. It operates in the Packaging industry. It has a market capitalisation of Rs. 238.10 crore.

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