Dividend Stock News: In the stock market yesterday i.e. on Friday, shares of Kaycee Industries were traded with ex-bonus and ex-split. The shares of this penny stock had hit the upper circuit of 2 percent yesterday i.e. on July 5. Let us tell you, for the first time the company is going to give bonus shares to the investors.
Money doubles in 6 months, now Mukul Aggarwal buys lakhs of shares
The share has been divided into 10 pieces
The company had said in the information given to the stock exchanges that one share with a face value of Rs 100 will be divided into 10 pieces. After this stock split, the face value of the company’s shares decreased to Rs 10 per share. At the same time, the company will also give 4 bonus shares for every share. The record date for allotment of bonus shares and shares was fixed as July 5. Now the investors whose name will remain in the record book of the company will benefit from it.
Amazing return of 2590% in 10 years, company is giving continuous dividend since 2010
Now keeping an eye on the dividend
The company has also declared dividend to the investors. On May 28, the company had told the stock exchanges that a final dividend of Rs 60 would be paid on one share for every financial year ending March 31. The company is also giving a special dividend of Rs 40 on each share. That means qualified investors will get a profit of Rs 100 on each share. Let us tell you, Kaycee Industries has set the record date for this dividend on 9th August.
Company’s performance in stock markets also excellent
After hitting the upper circuit of 2 percent on Friday, the price of the company’s shares closed at the level of Rs 1365.50 in BSE. In the last one year, the company’s share prices have seen an increase of 470 percent. At the same time, investors who have held the stock for 6 months have got a profit of 217 percent so far.
