Small-cap stock below ₹50: Bhatia Communications to consider dividend soon

Bhatia Communications & Retail (India) Ltd, a small-cap stock trading below ₹50, has announced that it will observe the declaration of an interim dividend for the fiscal year 2024-25. This news is especially important for investors looking to enhance their share market investment portfolios with companies offering dividend payouts.

Record date and upcoming board meeting

The company has set the 'Record Date' for the payment of the second interim dividend on its fully paid-up equity shares of ₹1 each. The record date has been fixed for 27th November 2024. The board of directors will meet on 13th November 2024 to review the company’s financial performance and make decisions regarding the dividend payout.

Financial results to be reviewed

In its release, Bhatia Communications & Retail also mentioned that the board will discuss the unaudited financial outcomes for the quarter and half-year ending 30th September 2024. A limited review report will accompany these results, which will help determine the company’s financial standing for the first half of the fiscal year.

Dividend entitlement details

If the board approves the dividend, the entitlement will be determined for all beneficial owners listed with the National Securities Depository Limited and Central Depository Services (India) Limited. Only those registered by the close of 27th November 2024 will be eligible to receive the interim dividend.

Bhatia Communications & Retail share price performance

The company’s stock has been performing well in the share market. On 6th November 2024, the share price rose to ₹31.51 from ₹30.80, marking a noticeable increase. The stock has surged nearly 50% year-to-date, bringing significant returns to investors. Its 52-week high stands at ₹38.90, recorded on 28th February 2024.

Key takeaways

• Bhatia Communications & Retail Ltd is considering declaring its second interim dividend for FY 2024-25.
• The record date for dividend eligibility is set for 27th November 2024.
• A board meeting on November 13th, 2024, will review the company’s financial results and decide on the dividend payout.
• The company’s share price has risen nearly 50% this year, benefiting investors who have made share market investments in the stock.