Ksolves India Declares ₹7.50 (150%) Interim Dividend Per Share; Record Date Set for March 25th. Share Price Surges 15%.
Dividend Stock: Ksolves India, a small-cap company in the IT-software sector, has announced its third interim dividend for the fiscal year 2024-25. The company has decided to pay a dividend of ₹7.50 per equity share, representing a 150% dividend based on the stock's face value of ₹5. This announcement resulted in a significant surge in the company's share price.
Record Date: March 25th
The company's stock exchange filing stated that the record date for dividend payment is March 25th, 2024. This means that investors holding the company's shares on or before this date will be eligible for the dividend.
Share Price Soars Following Dividend Announcement
Following the dividend announcement, Ksolves India's share price experienced a sharp increase on Thursday, March 20th, 2024. The stock opened with a 9% gain at ₹448.95, compared to its Wednesday closing price of ₹411. The share price soon surged by 15%, reaching a high of ₹474.25.
Past Performance Overview
The share price has seen a 30% increase in the last month.
Over the past two years, the stock has delivered a 100% return.
However, the return over the past year has been -22%.
Key Takeaways for Investors
Ksolves India's dividend announcement is significant news for investors interested in long-term investments in small-cap stocks. If the company's growth trend continues, this stock could offer attractive returns in the future.
