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In today's market update, select Indian companies have announced significant dividend payouts, offering strong returns to income-focused investors. Among the top highlights is a dividend of Rs 7.50 per share, grabbing the attention of retail and institutional investors alike.
Indian Metals & Ferro Alloys (IMFA)
Indian Metals & Ferro Alloys, a BSE Smallcap company, has declared a dividend of Rs 7.50 per share for the financial year 2024-25. This dividend is based on shares with a face value of Rs 10 each.
Dividend: Rs 7.50 per share
Record Date: March 25, 2025
Payment Timeline: The dividend will be credited within the statutory time frame to all eligible shareholders
Stock Movement: Shares of IMFA hit the 20 percent upper circuit at Rs 411.15 on the announcement day
Ksolves India
Ksolves India has also announced a dividend of Rs 7.50 per share, continuing its track record of rewarding shareholders. The company saw a sharp upward movement in its stock price post announcement.
Dividend: Rs 7.50 per share
Record Date: March 25, 2025
Stock Movement: The share price jumped 20 percent following the news
Oil India Limited
Another significant dividend was declared by PSU major Oil India Limited. While slightly lower than Rs 7.50, the company announced an interim dividend of Rs 7.00 per share, marking its second interim payout for FY25.
Dividend: Rs 7.00 per share (Interim)
Record Date: February 17, 2025
Total FY25 Interim Dividend: Rs 10.00 per share
Dividend Payment Date: On or before March 8, 2025
Investor Takeaway
The Rs 7.50 dividend stands out in today's announcements, signaling strong performance and shareholder value creation by small and mid-cap firms. Investors should check the record date and ensure shareholding before the cut-off to be eligible for dividends. These announcements also led to significant movements in stock prices, indicating bullish sentiment in the market toward dividend-paying companies.
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