Vesuvius India declares ₹14.50 dividend and a 1:10 stock split. Record date: May 1, 2025. The share has delivered a 470% return in 10 years.
Stock Market: BSE Smallcap company Vesuvius India has delivered double the joy to its investors. The company has announced its highest-ever dividend alongside its first-ever stock split. This benefits not only current investors but also makes the share more accessible to new investors.
₹14.50 Dividend per Share Announced
Vesuvius India, while announcing its October-December 2024 quarterly results, declared a dividend of ₹14.50 per share. This dividend represents a 145% payout, meaning investors will receive ₹14.50 for every ₹10 face value share.
Record Date for Dividend
To receive this dividend, investors must be shareholders of the company by May 1, 2025. Payment will be made after approval at the Annual General Meeting (AGM) scheduled for May 8, 2025.
Decision on 1:10 Stock Split
The company has decided on its first-ever stock split. This means one share with a face value of ₹10 will be divided into ten shares with a face value of ₹1 each. The biggest advantage is that it will make the share more affordable and accessible to smaller investors.
Record Date for Stock Split
The record date for the stock split will be determined after shareholder approval. This will increase market liquidity and provide more opportunities for investors.
Share Delivers Multibagger Returns
Vesuvius India's share has delivered excellent long-term returns.
- Share price increased by 147% in 2 years.
- Share price increased by 317% in 3 years.
- Share price increased by 470% in 10 years.
This signifies excellent long-term gains for investors in this share.
Share Price Decline on Friday
However, on February 23, 2025, the company's share price closed 3% lower at ₹3994.90. But considering its b fundamentals and excellent growth trajectory, experts believe this share can deliver good long-term returns.
Opportunities for Investors?
Vesuvius India's announcement presents a great opportunity for investors seeking dividend income and the benefits of a stock split. The stock split will make the share more attractive to smaller investors and could potentially increase the company's market capitalization.
