This Multibagger Small Cap Hinduja Group Stock Will Soon Trade 250% Ex-Dividend, Details Inside

Hinduja Global Solutions Ltd (HSG), a small cap Hinduja Group company is paying a 250% final dividend for the year ending March 2022. The company will trade the ex-dividend In September. However, the record date for the same has not yet been announced by the company. HGS is a service provider IT company of Hinduja Group engaged in delivering localized solutions to its clients.

250% Final Dividend

The Board of directors of Hinduja Global Solutions Limited in its meeting held on May 30, 2022, has recommended a final dividend of Rs 25 per equity share i.e. 250% of Rs 10 each for the fiscal year 2021-22 to the shareholders.

According to the data available on the NSE, the Board of Directors of the company in its regulatory filing has stated, "The Board of Directors have also recommended a final dividend of Rs. 25 per equity share (250%) (on an equity share of par value of Rs. 10/- each) for FY 2021-22, subject to the approval of the Shareholders of the Company at the ensuring Annual General Meeting (AGM). The dividend, if approved by the Shareholders, will be paid (subject to deduction of tax at source) within 30 days of approval at the AGM. The book closure date will be intimated, separately."

Added, "Please note that the Company has earlier paid four interim dividends aggregating to Rs. 195 per equity share) during the FY ended March 31, 2022. Thus, the total dividend for the year ended March 31, 2022, is Rs 245 per equity share of Rs.10/- each, on pre bonus basis."

Ex-Date - It is worth noting that the recommended 250% final dividend will trade ex-dividend date on 23 September 2022. 

Hinduja Global Solutions Dividend History

Hinduja Global Solutions Ltd. is one of the leading companies of the Hinduja Group. The company has declared 44 dividends in 15 years. In September 2007, the company recommended its first dividend. Since then the company has maintained a good track record of dividends to its shareholders. In the past 15 years, the company has declared 1 Special dividend, 15 final dividends and 28 Interim dividends, respectively. Earlier this year, the company declared 3 Interim dividends.

Stock Outlook

On Thursday, 01 September, the stock of the company opened at Rs 1,495.80 apiece, currently, it is trading at Rs 1,502 apiece, 0.43% up from its previous close. 

On NSE, the 52-week low level of the stock is Rs 846 and the 52 week high level is Rs 3,920 apiece, respectively. On intraday, the stock's low level is Rs 1,495 apiece and the high level is Rs 1,527.40 apiece, respectively.

Its ROE is 78.16%. The dividend yield is 14.67% and the face value is Rs 10.

Returns on Investments

The stock of the company in the past 1 week has given a negative return of 5.9%, whereas in the past 1-month it has given a positive return of 17.45%. Over the past 3 months, the stock gained 55.64% and in the past 1 year, the stock surged 9.67%. In the past 3 years, the stock has given a multibagger return of 438.02% and in the past 5 years, the stock has also given a multibagger return of 500.9%, respectively.

About - Hinduja Global Solutions Limited

Hinduja Global Solutions (HGS) is a service provider headquartered in Bangalore, India, operating on a global level with over four decades of experience working with some of the world's most popular brands. HGS delivers localized solutions and takes customer interaction and satisfaction to a higher level through deep domain and process expertise. It operates a global network of 30+ customer experience centres with 20000 employees across the U.S., Canada, the UK, India, the Netherlands, France, Germany, Italy, Jamaica, UAE, and the Philippines, making a difference to more than 800 of the world's top brands across nine key verticals.

Disclaimer

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