Multibagger NSE stock declares 150% dividend after giving 475% return in three years
Multibagger stock: Dividend paying stock has surged to the tune of 1255 per cent in YTD time
PremiumMultibagger stock: Shares of Manaksia Ltd are one of the dividend paying stock today as the small-cap stock with a market cap of around ₹1,150 crore has announced ₹3 per share final dividend to its eligible shareholders. The small-cap company informed about the development in its latest exchange communication and said that record date for dividend will be informed later.
Informing Indian stock market exchanges about the dividend payment, Manaksia Ltd said, "We wish to inform that the Board of Directors of the Company at its meeting held today i.e. 3° June, 2023, which commenced at 11:00 A.M. and concluded at 12:40 P.M. has inter alia transacted the following business(es): Recommended Final Dividend @ 150% (i.e. Rs. 3.00/- per equity shares having face value of Rs. 2/- each) on the equity shares of the Company for the Financial Year 2022-23 for the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and the dividend will be paid within thirty days from the date of AGM provided the same is approved by the shareholders of the Company."
"The record date and the date of AGM for the year ended 31 March, 2023 shall be informed in due course," Manaksia Ltd said.
Manaksia share price history
Manaksia shares are one of the multibagger stocks that Indian stock market has produced in recent years. In last one month, this small-cap multibagger stock has risen from around ₹136 to ₹176.50 apiece levels, logging near 30 per cent appreciation in this period. In last six months, this small-cap stock has surged from ₹78.65 to ₹176.50 levels, logging around 125 per cent rise in this time. In year-to-date time as well the NSE listed stock has surged more than 125 per cent. However, in last one year, it has risen over 100 per cent. In post-Covid rebound, this small-cap multibagger stock has risen from around ₹30.50 to ₹176.50 per share levels, logging more than 475 per cent rise in last three years.
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