Multibagger Small Cap to take effect ex-dividend on Jan 11 as company paying special dividend of INR 7.5 per share

At its December 30 meeting, the company’s board of directors approved the payment of a one-time special dividend, according to regulatory filings. ¥7.50 per par share ¥10 each at a rate of 75% for fiscal 2022-23.

The company has set January 11 as the reference date for determining eligible shareholders for special dividends. The ex-dividend date is the same as the record date because the company’s stock has a settlement type of ‘T+1’.

Welspun Enterprises said in its filing that the dividend will be paid to shareholders holding shares in the company on the January 11 record date. The special dividend is scheduled to be paid after January 20, 2023.

This one-time special dividend is ¥Pays 1.50 per share each in years 22 and 21.

Last Friday, Wealthpan Enterprises stock was at ¥165.15 fell 2.45% on BSE.The company’s market capitalization is about ¥2.477 billion.It should be noted that the stock has reached intraday highs ¥At $170.75, it is a few rupees away from the 52-week high. ¥174.80 in exchange. Stocks’ decline followed the broader bear market tone.

At current share prices, the company’s dividend yield is around 0.91%.

The company also announced a buyback of 1,17,50,000 shares at par ¥10 each, purchase price ¥¥200 per share ¥235 million. The record date for repurchase will be decided separately and announced.

Welspun Enterprises posted a big profit in one year. Stock on January 6, 2022 is ¥97.05 each. From this level, the Dalal Street share price is up more than 70% to date.Also, from the 52-week low ¥The 69 stocks recorded on May 12, 2022 have surged 139.5% to date.

Welspun Enterprises is the infrastructure division of Welspun Group. In particular, it is an operating company and holding company that executes Engineering, Procurement and Construction (EPC) contracts for road and water projects.