Rs 60 Dividend: Multibagger Small Cap Power Stock To Consider Dividend Again On May 2

Small cap company operating in power sector, Voltamp Transformers today informed about its upcoming meeting of Board of Directors to consider financial results and dividend for the FY 2023-24. Last trading price of Voltamp Transformers share on BSE is Rs 10,137.85 apiece on BSE with intraday fall of 0.73%. The company has a market capitalisation of Rs 10,256.58 crore. Voltamp Transformers shares gave attractive returns to investors in last 1-year only at 255% and the stock became a multibagger in last 6-months with return of 134%. More details below:

Voltamp Transformers To Consider Dividend, Results On May: As per the regulatory filing of the company dated April 24, 2024, "the Meeting of the Board of Directors of the Company will be held on Thursday, 2nd May 2024 to consider the following:

1. Approval of Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2024.

2. Approval of Annual Financial Statements of the Company for the Financial Year ended 31st March, 2024.

3. Recommendation of Dividend for the Financial Year 2023‐24."

Voltamp Transformers Share Performance & Return: The 52-week high price of Voltamp Transformers shares on BSE is Rs 10,663.90 apiece (as on 22/04/2024) and 52-week low price is Rs 2859.45 apiece (as on 25/04/2023), respectively. Voltamp Transformers shares offered return of 51% year-to-date, soared 451% in last 2-years, and zoomed 851% in last 3-years, only. In last 10-years, Voltamp Transformers stock soared 1801%.

Voltamp Transformers Dividend History: Voltamp Transformers announced 19 dividends since September 3, 2007. In last 12 months, Voltamp Transformers announced an equity dividend amounting to Rs 60.00 per share. At the current share price of Rs 10150.0000, Voltamp Transformers offers a dividend yield of 0.59%.

Voltamp Transformers Dividend In 2023: The company had fixed July 31, 2023 as record date for dividend payment. Earlier, as per the company's regulatory filing, "Recommended dividend on Equity Shares @400% (i.e. Rs. 40 per equity share). In addition, Directors also recommended payment of one-time special dividend @200% i.e.Rs.20 per equity share on successful completion of 60 years in transformer business. With that total final dividend recommended is @600% i.e. Rs. 60 per share of Rs. 10 each for the year ended on 31st March, 2023."

About: Voltamp Transformers Ltd. was initially incorporated as Private Limited Company and established in year 1967 in Vadodara. The Company has installed facility to manufacture oil filled power and distribution transformers up to 160MVA, 220kV Class, resin impregnated dry type transformers up to 5 MVA, 11KV Class (In Technical collaboration with MORA, GERMANY) and cast resin dry type transformers up to 12.5 MVA, 33 KV Class (In Technical collaboration with HTT, GERMANY), according to its official website.