Dividend Rs 60 in Q4, special dividend Rs 45: Over 1300% return in 2 years! Record date on August 9

 

Kaycee Industries, the first Indian maker of rotary switches, is a more than 75-year-old pre-independence incorporated company that is currently a subsidiary of Salzer Electronics Ltd. The company has paid dividend of Rs 30 per equity share in 2020, 2021 and final dividend of Rs 60 per equity share in 2023.


Kaycee Industries dividend (iStock)

The shares of major electrical switches producer Kaycee Industries Limited are going to trade ex-dividend soon, declaring final and special dividend.
Earlier, the board of directors of Kaycee Industries has recommended a final dividend of Rs 60 per equity share and a special dividend of Rs 40 per equity share.

Kaycee Industries dividend

" The Board of Directors of the Company has recommended a normal final dividend of Rs. 60/- (60%) per equity share of Rs.100/- each for the Financial year ended March 31, 2024 and additionally a special dividend of Rs. 40/- (40%) per equity shares of the Rs. 100/- resulting in total Dividend Rs. 100/- per share. This translates to a dividend of Rs. 2/-per Share post subdivision of shares and bonus issues of shares if the contemplated stock split and bonus issues get effected before the record date fixed for the Dividend. Total outflow (final & additional) for dividend shall be a sum of Rs. 63.47 Lakhs (as against Rs. 38.08 Lakhs in the previous year) This is subject to approval by shareholders of the Company at the ensuring Annual General Meeting of the Company, "the company said in an exchange filing.

Kaycee Industries record date

According to BSE, the company is going to trade ex-dividend on August 9, 2024.
Kaycee Industries, the first Indian maker of rotary switches, is a more than 75-year-old pre-independence incorporated company that is currently a subsidiary of Salzer Electronics Ltd. The Mumbai-based company has reported its profitability for the final quarter of fiscal year 2024.

Kaycee Industries dividend history

The company has a rich history of paying dividend to its investors. It has paid dividend of Rs 30 per equity share in 2020, 2021 and final dividend of Rs 60 per equity share in 2023.

Kaycee Industries share price

On Monday, the stock opened at Rs 52780.50 and touched an intraday high of Rs 52780.50 per share, closed at Rs 52780.50, up 2% from the previous close of Rs 51745.60 per share. The stock has gained 36.46% in the last one month and delivered impressive 196.52% returns in the last three months. Furthermore, the share has gained 18.07% in the last two weeks and over 1300% in last two years.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more