This Graphite Sector Stock, Paying 500% Dividend, Will Turn Ex-Dividend Next Week

Graphite India Ltd. (GIL) is the pioneer in carbon and graphite products in India. It came into existence way back in 1960s. Starting with Graphite Electrodes, the core product of the company, it has entered into the coveted field of Speciality application of carbon and graphite. By further leveraging our core competence and economies of scale we intend to advance our production capacity cost efficiently.

The market capitalization of the stock is Rs 8095 crore. Check details below pertaining to ex-dividend date and more about the stock:

1. Graphite India To Pay 500% Dividend

The company has declared an equity dividend of 500% or Rs 10 per share. The board of directors in their BSE filing dated 23 May 2022 stated, "Graphite India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2022, inter alia, have recommended a dividend of Rs. 10 per equity share of Face Value of Rs. 2/- each en 195375594 equity shares of the Company, subject to approval of the members in the 47th AGM of the Company. Dividend will be paid/dispatched to the shareholders within 15 days from the date of AGM."

The ex-dividend date for the same is 25/07/2022 and record date is 26/07/2022.

2. Graphite India Stock Outlook

The current market price of the stock is Rs 414 apiece. The 52-week high is Rs 754 apiece and 52-week low is Rs 350 apiece. It is a company with high TTM EPS growth. The stock has given a return of 112% in 5 years and negative return of 36% in 3 years. The stock has given a return of 57% in 3 years.

3. Graphite India Dividend History

The company has been maintaining a good dividend track record and regularly declared dividend in the last 5 years. It has a dividend yield of 2.41% as per the current market price of the stock i.e. Rs 414 apiece.

4. About Graphite India

GIL has emerged to become an established and reputed brand in the Global Market over the years. With efficient global partners and proximity of our manufacturing facilities to inland customers and sea ports, GIL is able to ensure timely deliveries to its customers. Today, GIL has a strong international presence and is among the top few electrode manufacturing companies with respect to capacity, customer bondage and an impeccable quality & service. The company is ISO 9001 accredited and adopts eco-friendly processes.