This Small Cap AMC Stock Is Paying 210% Final Dividend, Turning Ex-Dividend Tomorrow

UTI Asset Management Company Ltd has recently declared a final dividend, and the dividend ex-date is tomorrow. The company has declared 3 dividends since its listing on the exchanges. The company maintains a good history of dividends in its short time period.

210% Final Dividend

UTI Asset Management Company Ltd in its board meeting held on 26th April 2022 has recommended a final dividend of 210% equal to Rs 21 per equity share.

The board of directors of the UTI Asset Management Company in its filing to NSE & BSE has stated, "Recommended a final dividend of Rs. 21/- per equity share of the face value of Rs. I0/- each for the financial year ended 31st March, 2022, subject to the approval of the shareholders at the 19th Annual General Meeting of the Company."

Ex-Date & Record Date - It's worth noting that the ex-date of the declared dividend is tomorrow, 15th July 2022. The company fixes 18th July 2022 as the record date for the same.

UTI AMC Dividend History

UTI AMC has declared 3 dividends since its listing on the exchange in 2022. All the 3 declared dividends are final dividends including the recent one. The company in In the past 12 months has declared an equity dividend amounting to Rs 17.00 per share. The company declared 1st final dividend of 70% equal to Rs 7 per equity share on November 19, 2022.

 

Stock Outlook - Returns & Performance

UTI AMC yesterday closed at Rs 666.10 per share, today it opened at Rs 670.40 per share. The stock's Current market Price (CMP) is Rs 64.70 per share, which slid 0.21% from the previous close. Its CMP is trading at Rs 69.7 above the 52-week low levels of Rs 595 recorded last month on 17. The 52-week high of Rs 1,216.20 per share was recorded on 08 September 2021.

The ROE of the stock is 13.27%. Its PE ratio is 20.32, while the sector PE ratio is 24.81. The PB ratio is 2.70. TTM EPS is Rs 32.91. Its face value is Rs 10. The dividend yield is 3.14. It's a small cap AMC stock with a market capitalization of Rs 8,487 crore.

It has declared 0.26% in the past 1 week, however, in the past 1 month, its share gained 3.31%. Over the past 3 months, the share slid 30.61%, and 19.4% in 1 year, respectively. Since its listing in exchange, it has gained 39.97%.

About - UTI Asset Management Company Limited

UTI Asset Management Company Ltd. (UTI AMC) was incorporated on November 14 2002 and commenced operations on February 1 2003. UTI AMC has been promoted by four sponsors namely State Bank of India Life Insurance Corporation of India Bank of Baroda and Punjab National Bank and each of them holds 25% of the paid-up capital of UTI AMC. It is a professionally managed company led by its proficient Board of Directors having expertise in diverse fields and a dedicated management team having requisite talent and experience. UTI Mutual Fund has a long & distinguished pedigree, along with a nationwide distribution network spread across the length and breadth of the country. UTI Mutual Fund has a competent and professional fund management team to take care of the investments and a strong in-house research team to track, research and evaluate macro-economic indicators, capital markets & financial sectors. It has appropriate & robust risk management processes and follows a five-layered investment management structure viz. Advisory, Decision Making, Execution, Fund Accounting and Control.

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