Updated Aug 25, 2024 21:29 IST
Vinati Organics dividend record date (iStock)
Dividend stock: Shares of mid-cap company Vinati Organics Ltd are nearing ex-date for a dividend payout of a 700 per cent dividend to its shareholders. Vinati Organics Ltd manufactures of specialty chemicals and organic intermediaries and monomers
Earlier, the board of directors of Vinati Organics recommended a dividend payout of 700 per cent for the shareholders of the company. With the current face value of Rs 1, this translates to a dividend of Rs 7 equity per share.
Vinati Organics dividend 2024
As per a regulatory filing, in May, the board of directors of the company, “Recommended equity dividend of Rs. 7/- per share of face value of Re. 1/- each (700%) for the financial year ended March 31, 2024, which will be paid to the shareholders within 30 days of declaration of the same at the ensuing Annual General Meeting.”
Vinati Organics dividend record date
The company has fixed the record date on September 3, as per BSE.
“We wish to inform you that the Register of Members and the Share Transfer Books of the Company will be closed from Wednesday, September 4, 2024 to Tuesday, September 10, 2024 (both days inclusive), in order to determine the Members entitled to receive Dividend of ₹ 7.00 on Equity Share of face value of ₹ 1.00 each for the financial year ended 31st March 2024. Dividend, if approved at the ensuing AGM, will be paid within 30 days from the date of declaration at AGM,” said the company in a regulatory filing.
Vinati Organics dividend history
Vinati Organics has maintained a good history of paying dividends to its investors. It distributed dividend of Rs 7, Rs 6.5, Rs 6, Rs 0.5 equity per share in 2023, 2022, 2021, and 2020, respectively.
Vinati Organics share price
On Friday, the shares of Vinati Organics closed in the green at Rs 1987.20 per share, up 0.03 per cent from the previous close of Rs 1986.70 per share. The stock opened higher at Rs 1991.10 per share and traded in the range of Rs 2001.10 per share and Rs 1980.00 per share on BSE.
Vinati Organics share price history
As per BSE analytics, as of August 23, the stock has gained 12.67 per cent in the last three months, while its benchmark BSE Commodities surged 2.97 per cent in the said period. Apart from this, if we look at its YTD performance, it performed quite in line with its benchmark that gained 14.15 per cent, while the stock gained 13.20 per cent.
Meanwhile, Vinati Organics share price dipped by 12.57 per cent in the last two weeks and has declined by a further 4.01 per cent in the last one year.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
