Dividend Stock: With the release of second quarter results, many companies listed in the stock market are giving dividends to their shareholders. Meanwhile, another company is going to give dividend to its investors. Yes, Veedol, a company that manufactures engine oils and lubricants for vehicles, is going to give a dividend of Rs 20 on every share to its shareholders. The company had informed the stock market exchanges on November 12 that the Board of Directors has declared a dividend of Rs 20 (1000%) on each share of face value of Rs 2 for the shareholders.
The company fixed the record date for dividend on November 22.
This will be the first interim dividend given by the company for the financial year 2024-25. Veedol had said in an exchange filing that the company has fixed the record date for this dividend on Friday, November 22. That means the company’s shares will trade ex-dividend on November 22. This means that investors will not get the benefit of dividend on new shares purchased on November 22. The last chance to avail the dividend of Rs 20 is tomorrow i.e. Thursday, 21st November. Investors will get full benefit of dividend on the shares of the company purchased yesterday. The company said that the dividend will be paid to all eligible investors by December 10, 2024.
Share price has fallen 26.50 percent in the last 3 months
Let us tell you that on Tuesday the shares of the company closed at Rs 1754.65 with a slight increase of Rs 3.30 (0.19%). The company’s shares are trading much below their 52 week high. 52 week high of Veedol shares is Rs 2800.00 and 52 week low is Rs 1242.60. According to BSE data, the company’s shares have been declining for the last 6 months. The price of the company’s shares has declined by 5.09 percent in the last 1 week, 14.15 percent in the last 1 month and 26.50 percent in the last 3 months.
