Small-cap FMCG stock BCL Industries declares 1:10 stock split, final dividend
2 min read 23 Jun 2023, 10:55 AM ISTMultibagger dividend stock has risen to the tune of 1000% in last three years during post-Covid rally
PremiumBCL Industries shares are one of the multibagger stocks that Indian stock market has produced in post-Covid bounce back. In last three years, this small-cap FMCG stock has surged from around ₹48 to ₹525 apiece levels, logging to the tune of 1000 per cent rise in this time. However, this not an end to the in come of its positional shareholders. The company board has declared ₹5 per share final dividend for the financial year 2022-23 and board of directors of teh company are yet to fix dividend record date.
To increase the trade volume and liquidity in this small-cap stock, the company board also declared stock split in 1:10 ratio, which means one BCL Industries share will be subdivided into 10 company shares. This means, a shareholders holding in the stock would surge to the tune of 10 times after the stock split. However, no change will take place on one's investment in the stock.
BCL Industries dividend, stock split
Informing Indian stock market exchanges about the stock split and final dividend, BCL Industries said, "Pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015, (the "Listing Regulations"), We hereby inform you that the Board of Directors at its meeting held today i.e. 29th day of May, 2023, has, inter alia, .... 2] Recommended an equity dividend of Rs. 5 per share of face value of Rs.10/- each i.e. @ 50% for the financial year ended March 31, 2023, on Equity Shares belonging to Public Category as the Promoters & Promoters Group have waived/forgone his/their right to receive the dividend by him/them for financial year 2022-23, which shall be subject to declaration by the Members at the 47th AGM of the Company. The Dividend, if declared at the AGM, shall be paid to the shareholders within 30 days of declaration of the same...... 4] Approved the splitting of the face value of the shares from Rs. 10 to Rs. 1 per share, subject to approval of the shareholders and other statutory approvals."
BCL Industries share price history
This small-cap multibagger stocks has delivered stellar return to its shareholders in post-Covid rally. In last one month, it has given 15 per cent return whereas in YTD time, this small-cap FMCG stock has risen to the tune of 60 per cent. In last six months, BCL Industries share price has surged 75 per cent whereas in last one year, it has given 35 per cent return to its positional share holders.
However, in last three years, this multibagger stock has risen from ₹48 apiece levels to ₹225 apiece levels, logging around 1,000 per cent rise in this time.
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