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This Small-Cap Textile Company Fixes Record Date Next Week For 250% Special Dividend
Placing buy orders with a limit price has the benefit of delaying order execution until the stock trades at the limit price. The bad news is that the stock could blast over your limit on a terrible day and continue to fall. This is inevitable in the business, but if you buy dependable dividend payers, time will eventually compensate for even the greatest errors in market timing.
In June 2022, The Indian Card Clothing Company Ltd, a small-cap textile company declared a special division. The declared special dividend record date is next week. Let's dig into know stock to know more.
250% Special Dividend
The board of directors of The Indian Card Clothing Company Ltd in its meeting held on June 27, 2022, has declared a special Interim dividend of 250% amounting to Rs 25 per equity share.
The company in its filing to BSE about the dividend has stated, "Declared Special Interim Dividend of Rs. 25/- per equity share of face value of Rs. 10/- each to be paid as Special Interim Dividend for the financial year 2022-23."
Ex-Dividend & Record Date: The ex-dividend date of the special dividend is July 07, 2022, and the record date is July 08, 2022.
Company's Dividend History
The Indian Card Clothing Company Ltd has a good track record of Dividend declaration as it has declared 28 dividends since 2000. Past 22 years, the company has declared 17 final dividends, 8 Interim dividends, and 3 special dividends including the recently declared dividend. In 2022, this is the second special dividend the company has declared.
Stock Performance & Details
The current market price (CMP) of the company is Rs 274.25 per share, after gaining 1.46% on Friday. The stock's 52-week low was recorded on 1 July 2021 at Rs 155.45 per share. While the 52-week high was recorded on 10 May 2022 at Rs 332 per share. PE ratio of 0.85 and PB ratio is 0.60. EPS-TTM is Rs 321.23. The market cap of the company is Rs 162.94 crore
Data shows the stock has performed well in the last 1 week and gained nearly 9.48% and 9% in the last 1 month. In 3 months it has given negative returns of 4.53%. whereas 1 year, it gave a positive return of 74.35%. Long a long-term investment of 3 and 5 years, the stock gave 188.68% and 41.15% returns, respectively.
About- The Indian Card Clothing Company Ltd
The Indian Card Clothing Co. Ltd has been an innovator in card clothing manufacturing since its inception in 1955. The company is engaged in the business of card clothing and real estate segments. At ICC, with over 7 decades of industry experience, the company understand what exactly matters for you and your customers. To meet the growing needs of the textile industry, ICC has invested in 2 state-of-the-art manufacturing facilities in Pune and Nalagarh in Himachal Pradesh.
Disclaimer
The stock has been picked from NSE & BSE. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
