Supreme Petrochem announces interim dividend of Rs4 and 1:2 stock split; stock tumbles ~4.5%

28 Oct 2022 , 09:19 AM

Following the release of its second-quarter results, Supreme Petrochem announced a 100% interim dividend and a 1:2 stock split.

For FY2023, the company declared a dividend of Rs4 per share with a face value of Rs4, implying a 100% dividend.

“Declared interim dividend of Rs4 per equity share of the company with a face value of Rs4 (i.e.. 100%) for FY22-23 on its paid-up equity share capital. The dividend is payable on 9,40,20,671 equity shares of Rs4 each, entailing an outgo of Rs3,760.83 lakh,” the company said in its filing with the exchange.

The record date has been set for November 4 by the company. Subject to shareholder approval, it has announced a split of its shares from a face value of Rs4 to Rs2 each fully paid-up. The stock split’s record date will be announced in due course.

At around 9.22 AM, Supreme Petrochem was trading at Rs680.95 down by 4.35% from its previous closing of Rs711.90 on the BSE. The scrip opened at Rs695 and touched intraday high and low of Rs695 and Rs673 respectively.

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