Rs 15/Share Dividend: Multibagger Metal Stock To Hit Ex-Date In 3-Days, Yield Is 1.70%

Indian Metals & Ferro Alloys Ltd shares will trade ex-dividend on April 8, 2024 for special dividend of Rs 15.00 per share. This is the highest ever dividend that Indian Metals declared in its entire history. Current market price of Indian Metals share on BSE is Rs 736.00 per share with intraday gain of 0.37%. Indian Metals share soared 15% in last 1-week gained 78% in last 6-months, and offered multibagger returns of 155% in last 1-year. The Board of Indian Metals approved Rs 15.00 per share dividend on March 29, 2024. Indian Metals share zoomed nearly 15.25% after recommending the special dividend. Check details below:

Indian Metals Announces Highest Ever Dividend: According to the BSE filing of the company dated March 29, 2024, "declared Special Dividend of INR 15/- (Rupees fifteen only) per equity share of INR 10/- each for financial year ending 31st March 2024. As intimated vide our letter dated 22nd March 2024, the record date for reckoning the list of shareholders who shall be entitled to receive the said Special Dividend shall be Monday, 8th April 2024. The Special Dividend will be paid to such shareholders on or before Saturday the 27th April 2024."

Indian Metals & Ferro Alloys Dividend History: Indian Metals & Ferro Alloys announced 21 dividends since July 8, 2009. In the past 12 months, the company declared an equity dividend of Rs 12.50 per share. If the current share price of Rs 640.00 apiece is considered, it offers a dividend yield of 1.70%.

Indian Metals & Ferro Alloys Bonus History: The company offered 1 bonus issue since January 7, 2022. Its last bonus issue was declared in the ratio 1:1 with ex-date of January 7, 2022.

Indian Metals & Ferro Alloys Q3 Results: The revenue for Q3 FY24 arrived at Rs 685.27 crore YoY as against Rs 623.62 crore in the similar quarter of last year. EBITDA of the company declared at Rs 167.87 crore for Q3 FY24 from Rs 67.02 crore reported in the similar quarter of last year.

Indian Metals & Ferro Alloys Share Performance: The 52-week high price of Indian Metals shares on BSE is Rs 749.95 per share and 52-week low price is Rs 270.00 apiece, respectively. The company has a market capitalisation of Rs 3972.64 crore. Indian Metals & Ferro Alloys has a PE of 10.65 and EPS (TTM) of 19.99. Indian Metals shares gave return of 42% year-to-date and jumped 155% in last 1-year. In last 2-years, Indian Metals shares zoomed 63%, and gained 473% in last 5-years.

Indian Metals About: It came into existence in 1961 in the Eastern State of Odisha known for its rich natural resources, IMFA is India's leading fully integrated producer of value added ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power generation capacity (including 4.55 MWp solar) and extensive chrome ore mining tracts. We are unique from the quality perspective due to comprehensive ISO 9001 Quality Management certification, according to its LinkedIn page.

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