Company giving 9000% return will now give dividend to investors, record date released
Premco Global will pay a dividend of 20 per cent on shares having a face value of Rs 10.
For this, the company has fixed August 25 as the record date.
The company’s shares have not performed well for the last 5 years.
New Delhi. Dividend is also a way of earning in the stock market. When the company sends a certain percentage of the face value of each share to its shareholders in their account. Many people reduce their losses by this. Premco Global Limited, associated with the textile industry, is also going to give dividend to its investors.
It is a small cap company which has given tremendous returns in the last few years. The shares of the company have crossed Rs 400 from Rs 4.50 in a few years. The shares of the company have given a return of 9000 percent to the investors during this period. The company is going to give the first interim dividend to its investors for the financial year 2022-23.
Also read- Money rained on investors by giving a return of 465% in a year, now the company is going to fill the pockets of shareholders with dividend
how much will you get dividend
The company is going to give a dividend of 20% on every share having a face value of Rs 10. This means that every share will get a dividend of Rs. The company has fixed the record date for its first interim dividend. The record date for dividend has been fixed as 25 August 2022. That is, on August 24, this stock will become ex-dividend. Till then those investing in it will get dividend and after that the dividend will not be given to those who buy shares of the company. The company will pay the dividend on or before September 11.
stock price history
The shares of Premco Global were at the level of Rs 4.51 on the Bombay Stock Exchange (BSE) on 27 August 2004. The company’s shares closed at Rs 442.05 on BSE on 12 August 2022. If a person had invested Rs 1 lakh in the shares of the company on August 27, 2004 and had retained his investment, then at present this money would have been close to 98 lakhs. The 52-week low of Premco Global’s shares is Rs 290.55. At the same time, its 52-week high is Rs 567. Shares of Premco Global have seen tremendous growth in the last 30 months. The shares of the company stood at Rs 46 on the Bombay Stock Exchange on 26 March 2020. If a person had invested Rs 1 lakh in the shares of the company on 26 March 2020 and had retained his investment, then at present this money would have been Rs 9.60 lakh.
5 years poor performance
Even though this stock has seen a rally in the last 30 months, but it has caused a loss of about 2 percent to investors in 5 years. Apart from this, this stock is going through a lot of uncertainties for the last 1 year and there is a sharp rise or fall in it. Where this stock has jumped 34 percent in one month, it has fallen 11 percent in 1 year. The market cap of the company is Rs 111 crore. It has made a profit of Rs 2 crore in the June quarter. Whereas in the same quarter of the previous financial year, the company had a profit of Rs 6 crore.
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FIRST PUBLISHED : August 15, 2022, 13:46 IST