Sukhjit Starch to Trade as Ex-Dividend Stock Next Week

💰 Sukhjit Starch to Trade as Ex-Dividend Stock Next Week 💰

📈 Sukhjit Starch and Chemicals Limited, a leading company in the starch industry, will be trading as an ex-dividend stock in the market next week. The company has announced a decision to pay a dividend of ₹8 per share to its shareholders.

💼 On Friday, the company’s share price closed at ₹590.70 when the market closed. This dividend payment comes after a two-year gap, offering a good opportunity for investors to benefit from their investment in Sukhjit Starch.

📅 The record date for this dividend is set as 15th January 2023. This means that investors whose names are listed in the company’s record book on Monday will be eligible to receive the dividend. On Monday (15th January 2023), the share traded at ₹572, showing a decline of 3.11%.

📈 Sukhjit Starch’s share price has increased by 31% in the past year, making it a profitable investment for long-term investors. Additionally, positional investors have received a return of 41% in the last six months. Notably, the share has witnessed a 25% increase in the last month alone.

⚖️ The company’s 52-week high on the stock exchange stands at ₹597.90 per share, while the low stands at ₹360.30 per share. Sukhjit Starch and Chemicals Limited currently has a market cap of ₹924.12 crores.

👉 This dividend payment follows the company’s previous dividend distribution in 2022, where a dividend of ₹8 per share was given. This showcases the company’s commitment to regularly distribute dividends to its investors.

🤔 What is Dividend?
Dividends are a part of a company’s revenue that is distributed among its shareholders to attract investors. This distribution of profits is known as a dividend. The amount of dividend that shareholders receive is determined by the company’s board of directors. Investors who hold shares before the ex-dividend date are eligible to receive the dividend, which can be paid in cash or in the form of additional shares.

📰 Stay tuned for more updates on Sukhjit Starch and Chemicals Limited and its dividend announcement! 💼📈💰

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