Highest Ever Dividend of Rs 53 Per Share: Small-cap Stock Hits Upper Circuit; Know the Record Date

Plastic product maker's shares hit a 20 per cent upper circuit at Rs 328 after declaring Rs 53 per share interim dividend for FY25, with November 27 as the record date.

Shares of Multibase India Limited, a BSE-listed plastic product maker, surged 20 per cent to hit the upper circuit at Rs 328 after announcing an interim dividend of Rs 53 per share for FY25. The company has set November 27, 2024, as the record date, with dividend payments scheduled on or before December 12, 2024.

For Q2FY25, Multibase India posted an impressive 113.43 per cent YoY rise in profit to Rs 4.29 crore, while sales increased by 13.28 per cent YoY to Rs 18.42 crore. The interim dividend of Rs 53 per equity share 530 per cent of the face value of Rs 10 marks one of the highest dividend yields on the BSE.

The record date determines shareholder eligibility for the upcoming dividend. With the dividend, the company's annual payout for FY25 would total Rs 56 per share, including a Rs 3 dividend declared earlier this year.

Dividend History of Multibase India Ltd -

(Source- BSE)

Multibase India has maintained a healthy dividend payout ratio of 26.6% over the years. Over the past 12 months, it has declared dividends totaling Rs 3 per share. Including the expected Rs 53 dividend, the dividend yield would jump to 20 per cent at the current share price of Rs 328, subject to ex-dividend share price.-

The company has a market capitalization of Rs 414 crore and has delivered a remarkable 48 per cent return over the past year.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.