3 stocks paying dividends ranging from 550% to 600%, record date next week

The amount of cash paid by a company to its shareholders is called a dividend, which is the portion of the company’s profits distributed from reserves to shareholders. To be eligible to receive dividends, a shareholder must have his name on the company’s register on the date of registration. The record date for the interim dividends of Polyplex Corporation, EID-PARRY (India) and Tide Water Oil Co. (India) Ltd falls next week, which means that shareholders must be registered in the company’s register this such day or record date in order to qualify for the declared dividends referred to herein.

Tide Water Oil Co. (India) Ltd

The company said in a filing that its board had “declared a second interim dividend of 600% (Rs. 12/- per ordinary share of par value Rs. 2/- each) for the financial year 2022 -23. Determined as Tuesday, November 22, 2022, as the record date for the purposes of the aforementioned second interim dividend distribution. The dividend must be paid within 30 days from the date of declaration (i.e. say before Tuesday, December 13, 2022).”

In comparison to the Rs. 394.06 crores reported in Q2FY22, the company reported net sales of Rs. 448.02 crores in Q2FY23, reflecting a year-on-year growth of 13.69%. In Q2FY23, the company reported net profit of Rs. 20.43 crore, down from Rs. 32.00 crore in Q2FY22 and a year-on-year decline of 36.16%. Earnings per share (EPS) of Tide Water Oil fell from Rs. 18.83 in September 2021 to Rs. 12.02 in the quarter that ended September 2022. With a market valuation of Rs. 1,742 .75 crores, Tide Water Oil Ltd. is a small capitalization company active in the energy sector.

Shares of Tide Water Oil closed Friday at 1,002 each. On a YTD basis, the stock has fallen 32.47% so far in 2022.

EID-PARRY (INDIA)

The company said in a stock exchange filing that “the board has approved the payment of an interim dividend for the financial year 2022-23 at Rs.5.50/- (five rupees and fifty paise only) per share, representing 550%, on equity shares of the par value of Re.1/- each fully paid. The record date for the purpose of payment of the interim dividend will be 23 November 2022. The interim dividend will be paid to shareholders whose the name appears in the register of members on the record date with regard to shares held in physical form and in the case of shares held in dematerialized form, according to the indications to be provided by the Custodians on the Record Date The interim dividend will be paid from 6 December 2022, but within 30 days from the date of declaration of the interim dividend, as required by the Companies Act 2013.”

In comparison to the Rs. 6,978.41 crores reported in Q2FY22, the company reported net sales of Rs. 11,327.63 crores in Q2FY23 on a consolidated basis, reflecting a year-on-year increase of 62.32%. In Q2FY23, the business recorded a net profit of Rs. 241.40 crore, down 1% year-on-year against the rupees. 243.84 crore reached in Q2FY22. EID Parry’s EPS fell from Rs. 13.77 in September 2021 to Rs. 13.60 in the quarter that ended September 2022.

On an individual basis, the company reported net sales of 645.81 crores in Q2FY23 compared to Rs. 438.09 Cr posted in Q2FY22, representing a year-on-year gain of 47.41%. An increase of 16.31% from the Rs. 73.19 crores reported in Q2FY22, the company reported a net profit of Rs. 85.13 crores in Q2FY23. EID Parry’s EPS fell from Rs. 4.13 reported in the same quarter the previous year to Rs. 4.80 in the quarter that ended September 2022.

Shares of EI D-Parry (India) Ltd closed Friday at 625.85 each, down 0.64% from the previous close of 629.85. On a YTD basis, the stock has gained 37.31% so far in 2022.

Polyplex Company

For the 2022-2023 fiscal year, Polyplex Corporation announced an interim/special dividend of 550%. For the purposes of payment of the aforementioned dividend, November 25, 2022 has been set as the record date. The ex-date will be November 24, 2022, according to currently available BSE data. The company said in a stock market filing that its board had considered and approved “Declaration and payment of an interim/special dividend for the financial year 2022-23 @ Rs. 55/- per share (including special dividend @ Rs. 35/- per share) of par value of Rs. 10/- each, subject to TDS/Withholding Tax. The “record date” for the purposes of payment of the aforementioned dividend has been set as November 25, 2022.”

The company recorded net sales of 2,089.29 crore on a consolidated basis in Q2FY23 as opposed to 1,547.58 crores in Q2FY22, a 35% YoY increase. In the quarter ended September 2022, net profit stood at Rs. 115.02 crore, up 19.76% from Rs. 96.04 crore reported in the same period of the year. last year. As of Q2FY23, the earnings per share (EPS) of the company rose to Rs. 36.64 from rupees. 30.59 at T2FY22.

In terms of standalone sales, the business recorded net sales of Rs. 467.89 crore in Q2FY23, an increase of 13.86% from Rs. 410.95 crore reported in Q2FY22. In Q2FY23, net profit fell by 79.64% compared to Q2FY22 net profit of Rs. 188.40 crore to Rs. 38.36 crore. The earnings per share (EPS) of Polyplex Corp. decreased from Rs. 60.01 in September 2021 to Rs. 12.22 in September 2022.

Shares of Polyplex Corp Ltd closed Friday at 1,845.00 each, up 1.47% from the previous close of 1,818.25. On a YTD basis, the stock is down 2.11% so far in 2022.

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