Rs 48/Share Dividend: Multibagger Specialty Chemicals Stock To Go Ex-Dividend Soon

Small cap company operating in Specialty Chemicals industry, Styrenix Performance Materials on February 3, 2024 announced an interim dividend of Rs 48 (480%) per equity share of Rs 10 each and fixed February 12, 2024 as the record date. Styrenix Performance Materials shares soared 32% in last 6-months and 100% in last 1-year. Check details below:

Styrenix Performance Materials Ltd Declares Interim Dividend, Sets Record Date: The company as per its BSE filing dated February 3, 2024, "declaration of 2nd interim dividend for financial year 2023-24 of Rs 48 (i.e. 480%) per equity share of Rs 10 each. As informed vide our letter dated January 23, 2024, the record date for the purpose of determining the members eligible to receive the 2nd interim dividend 2023-24 has been fixed as Monday, February 12, 2024.

Styrenix Performance Materials Stock Performance & Return: Last trading price of Styrenix Performance Materials shares on BSE is Rs 1505.00 apiece with intraday fall of 2.32%. The 52-week high price of Styrenix Performance Materials shares on BSE is Rs 1610.00 apiece and 52-week low price is Rs 692.10 apiece, respectively. The market capitalisation of the company is Rs 2646.64 crore. Styrenix Performance Materials shares declined over 2% in last 1-week, soared 10% in last 3-months, jumped 32% in last 6-months, and offered return of 16% in last 2-years. In last 5-years, Styrenix Performance Materials stock rallied 142%.

Styrenix Performance Materials Financials: The company announced its net profit for the quarter ended December 31, 2023 jumped 15.70% to Rs 34.94 crore as against Rs 30.20 crore announced in the corresponding quarter of last year. The sales witnessed a decline of 13.01% to Rs 484.68 crore for the quarter ended December 2023 as against Rs 557.19 crore in the similar quarter of December 2022.

About: Styrenix Performance Materials Limited (formerly known as INEOS Styrolution India Limited) is the number one producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.