Kovai Medical Center & Hospital Ltd. & Finolex Industries Ltd. have declared final & special dividends for the year ended 2021-22 will trade ex-dividend in a week. Both the companies are small-cap companies. Here we have given insights into the stocks’ dividend, dividend history and stock returns and performance.
Kovai Medical Center & Hospital Ltd.
The Kovai Medical Center & Hospital Ltd. was incorporated as a public limited Company on 29th August 1985. The company has been promoted by Dr N G Palaniswami and associates comprising several doctors practising in the USA, UK and many other countries including India. The main objects of the Company include the establishment and running of the multispeciality hospital. The co has set up a modern 250-bed multispeciality hospital near Coimbatore in Tamil Nadu with support from internationally acquired professionals backed by leading Indian doctors and well-trained support staff.
Dividends & Dividend History
The Board of Directors of Kovai Medical Center & Hospital Ltd. at its meeting held on May 27, 2022, recommended a final dividend of 30% amounting to Rs 3 per equity share and a special dividend of 30% amounting to Rs 3 per share for Financial Year ended March 31st, 2022.
The said dividends, both Final & Special, will trade ex-dividend on 25th August 2022. The record date for the same is yet not announced by the company.
Kovai Medical has a good track record of dividends and it has declared 23 dividends since August. 28, 2002. These 23 declared dividends include 2 Interim Dividends, 1 special divided and the rest 20 final dividends, respectively. Last year, the company declared a 30% final dividend amounting to Rs 3 per equity share.
Stock Outlook & Returns
On BSE, 11 August 2022, the shares of the company opened at Rs 1508 apiece, currently trading at Rs 1482.50 apiece, down 1.77% from the previous close. The stock’s 52-week low is Rs 1311.60, while the 52-week high is Rs 1920. It has a market cap of Rs 1,630 crore.
The stock in the past 1 week moved up by 0.54%, whereas, in the past 1 month, declined 0.17%, respectively. In the past 1 year, the share price moved up by 0.02%. However, in the past 3 years, the shares gave multibagger returns of 110.36% and in the past 5 years 14.32%, respectively.
Finolex Industries Limited
Finolex Industries Ltd (formerly Finolex Pipes Ltd) was incorporated on 28 March 1981. The Company is engaged in the business of manufacturing PVC pipes & fittings manufacturing of PVC resin and power generation. The company has two subsidiaries namely Finolex Plasson Industries Pvt Ltd and Pawas Port Ltd. The company is the largest PVC pipe manufacturer in the country.
Dividend & Dividend History
The board meeting of Finolex Industries held on 18th May 2022, recommended a final and special. The final dividend is 100% amounting to Rs 2 per equity share. The special dividend declared is also 100% amounting to Rs 2 per equity share for the year ending March 2022.
The said dividend, both Final & Special dividend will trade ex-dividend same day on 22 August 2022. The company has not fixed the record date for the same.
The company also has an excellent history of dividend payout to shareholders. It has declared 26 dividends since October 29, 2001. The company has declared 3 Special dividends, 1 Interim and the rest 22 final dividend, respectively. The recently declared dividend is both final and special dividend announced on 22 May 2022. Last year the company also declared both final ad special dividends.
The current market price of Finolex Industries is Rs 138.25 apiece, it was opened at Rs 138.15 apiece per share at the time of writing. The 52-week low of the stock was recorded at Rs 125 apiece on 10 May 2022, while the 52-week high was recorded at Rs 244.50 apiece on 25 October 2021.
The stocks of the company in the past 1 week moved up by 1.62% and 1.1% in the past 1 month, respectively. It has given negative returns of 17.33% over the past 1 year. However, in the past 3 and 5 years, the stock has performed well and gave positive returns of 29.49% in 3 years, and 20.39% in 5 years, respectively.
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