Good news for investors! Prime Plastics Ltd. is paying dividends.
Investors will receive a 50 percent dividend for each share they own. The company has set the record date for this dividend.
When will investors get the dividend?
Prime Plastics Limited announced that investors will receive Rs 2 for each share with a face value of Rs 10.
This means investors will make a 50 percent profit on each share they own.
The company has set the record date for this dividend on Monday, April 8, 2024.
Investors can expect to receive their interim dividend between April 16 and April 27.
The company previously paid dividends to investors in 2023, giving Rs 1.5 for each share.
The company has never given bonus shares or distributed stocks.
How is the company doing in the stock market?
The company’s shares have seen a significant drop over the past month, decreasing by 15 percent.
Despite this drop, investors who have held onto their stock for 6 months have seen a 22 percent profit.
Those who bought the stock a year ago have made an 84 percent profit so far.
On Thursday, the company’s share price closed at Rs 174, rising by 0.96 percent.
The highest price in the last 52 weeks was Rs 254, and the lowest was Rs 92 per share.
The company’s market cap is Rs 191.40 crore.
