Dividend of Rs 90 per share: A company delivering multi-bagger returns has given great news to its readers. The company has announced that it is giving a dividend of Rs 90 per share. The record date for receiving this dividend is near. This news has brought a wave of happiness among friends.
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The company’s shares have already given excellent returns to investors, and now this dividend will prove to be an additional benefit for investors. Investors who hold the company’s shares in their portfolio till this record date will be entitled to this dividend.
Dividend of Rs 90 per share: Company giving multi-bagger returns
There is good news for investors betting on the stock of a dividend-paying company. Share Voltamp Transformers Ltd., an ex-dividend stock, is particularly interesting in trading this week. The company has issued a dividend offer of Rs 90 per share. Let’s know in detail about this dividend-paying stock
Shareholding Pattern in Voltamp Transformers Ltd
| Shareholders | Percentage Share |
|---|---|
| Promoters | 38.00% |
| Foreign Investors | 27.28% |
| Mutual Funds | 23.83% |
Dividend Record Date
The company has informed the stock markets that eligible investors will be given a dividend of Rs 90 per share. The company has declared 22 July 2024 as the record date for this dividend. That is dividends will be available only to those investors whose names will remain in the company’s record book.
The company has been paying dividends since 2007
The company had given dividends for the first time in 2007. The company had given a dividend of Rs 8 per share. At the same time, the last time the company was trading normally on ex-dividend stock was on 31 July 2023. Last year, Voltamp Transformers Limited had given a dividend of Rs 60 per share.
Here is the rewritten data in a table format:
| Year | Dividend per Share (Rs) | Notable Events |
|---|---|---|
| 2007 | 8 | First-time dividend |
| 2022 | 60 | Annual dividend |
| 31 July 2023 | – | Last normal trading day on ex-dividend stock |
| 2024 | 90 |
Note: In 2022, Voltamp Transformers Limited gave a dividend of Rs 60 per share.
How is the company performing in the stock market?
On Friday, the company’s stock closed at 11238.90 with a decline of 4 per cent. In the last year, the company’s share prices have seen a rise of 150 per cent. At the same time, positional investors have gained 48 per cent in 6 months. Let us tell you, that this stock has declined by 3.6 per cent in the last month.
Stock Performance
| Period | Stock Performance |
|---|---|
| Last Trading Day | Closed at Rs 11,238.90 (4% decline) |
| Last Year | 150% rise in share price |
| Last 6 Months | 48% gain for positional investors |
| Last Month | 3.6% decline |
The total share of promoters in this company is 38 per cent. At the same time, the share of foreign investors is 27.28 per cent. The share of mutual funds in the company is 23.83 per cent.
| Shareholders | Percentage Share |
|---|---|
| Promoters | 38.00% |
| Foreign Investors | 27.28% |
| Mutual Funds | 23.83% |
(This is not an investment advice. Please seek expert advice before making any investment. The stock market is subject to risks.)
The Dividend is a portion of a company’s earnings
A dividend is a portion of a company’s earnings that is distributed to its shareholders, usually in the form of a cash payment or additional shares. Companies that earn consistent profits often pay dividends to reward investors for their continued support and to share in the company’s success. The frequency of dividend payments can vary, with some companies providing them quarterly, semi-annually or annually.
Dividends provide investors with a steady income stream and can be an indicator of a company’s financial health and stability. Additionally, reinvested dividends can boost returns over time, leading to increased long-term investment growth. However, not all companies pay dividends, as some companies may reinvest earnings in the business for expansion and growth opportunities.
