Rs 7,810/Share Stock to Turn 1,000% Ex-Dividend, Do You Own?

  • Investing.com
  • Stock Market News
Rs 7,810/Share Stock to Turn 1,000% Ex-Dividend, Do You Own?
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The leading home solution products provider Cera Sanitaryware (NS: CERA ) will remain under focus this week, as its shares are set to turn ex-dividend for the financial year ended March 31, 2023.

According to Investing.com's ‘Dividend Calendar’, the sanitaryware company’s stock will begin trading ex-dividend on Tuesday, June 20, 2023.

The Board of Directors of Cera Sanitaryware had recommended a dividend of Rs 50 per equity share fully paid up to Rs 5 each for the financial year 2022-23 while releasing its financial earnings for the March ended quarter.

The small-cap company’s Board stated that the said dividend will be subject to approval at its 25th Annual General Meeting (AGM) to be held on July 6, 2023, and if approved, shall be remitted to eligible shareholders of the company within 30 days from the date of declaration.

Thanks to earnings growth for the company in FY23, Cera Sanitaryware recommended an increased dividend of Rs 50/share for the year, equivalent to 1,000% of face value. 

This is higher than the combined dividend of Rs 35/share, equating to 700% of the face value distributed in the fiscal year 2021-22.

The Register of Members and the Share Transfer Books of the company will be closed from June 21 to June 28, 2023, both days included, Cera Sanitaryware stated earlier.

Shares of the company ended 1.1% lower at Rs 7,808 apiece in the previous session on Friday.

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