4,500 per cent dividend announced by this Low PE and High ROE stock; do you own it?

The shares of the company saw a spurt in volume by more than 2.19 times on BSE.

Oracle Financial Services Software Ltd has just announced a 4,500 per cent interim dividend or Rs 225 per equity share for the Financial Year 2022-23. This is a huge payout that is sure to excite investors, and it's worth taking a closer look at what this company has to offer.

As a provider of financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry, Oracle Financial Services Software is well-positioned to benefit from the growing demand for digital solutions in the financial world. 

With a market cap of over Rs 30,000 crore, this Large-Cap stock has already delivered positive numbers in its quarterly and annual results, and the company's promoters, Oracle Global Mauritius Ltd, own a whopping 72.98 per cent stake in the business as of March 2023.

What's more, the stock has a PE of 17x, which is lower than the sectoral PE of 32.20x. And with an ROE of 29.52 per cent and a ROCE of 35.10 per cent, this is a company that knows how to generate returns for its shareholders. The shares of the company saw a spurt in volume by more than 2.19 times on BSE.

On Tuesday, shares of Oracle Financial Services Software rose by 1.93 per cent to Rs 3,632.55 per share, up from its previous closing of Rs 3,563.85. The stock has a 52-week high of Rs 3,650 and a 52-week low of Rs 2,883.80, making it an attractive investment opportunity.

If you're looking for a company that has a solid track record of delivering results and is poised for growth in the digital age, Oracle Financial Services Software is a stock that you should keep under your radar.