Dividend Champion Small-Cap stock: This consistent dividend paying stock has announced yet another massive dividend; know the record date!
The company has declared 22 dividends since August 28, 2002. Â
Sukhjit Starch & Chemicals Ltd, incorporated in 1943, is an agro-processing industry manufacturing starch & its derivatives i.e Liquid Glucose, Sorbitol, Modified Starches and by-products.
On Monday, the stock surged more than 5 per cent and on a provisional basis it settled around Rs 449, the stock outperformed the market hands down as the frontline gauge ended the day on a flat note.
The stocks' outperformance could be attributed as the Board of Directors, in their meeting held on Monday, approved payment of an interim dividend of Rs 8 per equity share of face value of Rs 10 each i.e. 80 per cent, for the financial year 2022-23.
Record Date for payment of the said Interim Dividend has been fixed for December 13 (Tuesday). Interestingly, the stock has been awarded as dividend champion Small-Cap stock as the company has declared 22 dividends since August 28, 2002.
In the past 12 months, it has declared an equity dividend amounting to Rs 10 per share. At the current share price of Rs 449, this results in a dividend yield of around 2.2 per cent.
Company’s intrinsic value stands around Rs 528 and it trades below its intrinsic value. The company has delivered good profit growth of 32.1 per cent CAGR over the last 5 years. Company has been maintaining a healthy pay-out of 17.2 per cent. Company’s working capital requirements have reduced from 51.8 days to 28.1 days.
Related articles
-
Dividend Champion Small-Cap stock: This consistent dividend paying stock has announced yet another massive dividend; know the record date!
-
Reap regular rewards: Top dividend yield mutual funds in India for 1-year returns
-
Penny Stock Under Re 1 hits upper circuit: Announces game-changing 1:50 bonus issue with 10.5 per cent dividend yield; promoters forgo bonus entitlement, exclusive to public shareholders
-
Heavy buying: Ashish Kacholia gains Rs 11,97,36,331 in this small-cap multibagger stock in just one day; stock hits new 52 week high!
-
2023's top 5 dividend gems: Multibagger micro-cap with a remarkable 2400 per cent dividend payout ratio!
-
Small-cap seed producer reports 250 per cent jump in profits, declares Rs 5 interim dividend!
-
The 2100 per cent Dividend Stock: Is It in Your Portfolio?
-
1,342 per cent dividend yield in this penny stock under Rs 5; scrip hits 5 per cent upper circuit!
-
Small-cap stock trading below its intrinsic value registered a solid breakout; don’t miss the action!
-
This IT stock declares Q1FY24 results: Acquires 100 per cent stake in ASAP Group and announces interim dividend!
-
Overnight Digest: Stocks to keep an eye on May 05!
-
Rs 1 Lakh Income per Month: Learn How These High Dividend Paying Stocks Could Have Helped You Achieve It!
-
This power company wins a contract for 1,100 MW power supply!
-
3,770 per cent dividend announced by this Pharma company; know the record date!
-
High ROE and ROCE multibagger stock: This aerospace & defence company wins orders worth Rs 8,194 crore and offers a high dividend yield!
-
Watch out for these high dividend yield stocks; do you own any?
-
Overnight Digest: Stocks to keep an eye on February 16!
-
High Dividend Stock: Shares of this company surged post the announcement of a 120 per cent dividend!
-
Multibagger in just 6 months: Dont miss action in this stock that has announced stock split and dividend!
-
Following the company's announcement of a 500 per cent dividend, this stock experienced strong buying pressure!