Stock Split + Dividend: Smallcap Stock To Pay Double Rewards Ahead; Check Record Date And How To Be Eligible?

Stock Split + Dividend: Smallcap Stock To Pay Double Rewards Ahead; Check Record Date And How To Be Eligible?

Vesuvius India dividend, stock split: In a double delight for its investors, smallcap company, Vesuvius India, announced a whopping dividend of 145 percent and a stock split after its board of directors meeting. The company has declared a dividend payment of Rs 14.5 on each stock of Rs 10 each. Its board has also approved a stock split proposal in a 1:10 ratio.

After the record date, Vesuvius India’s each share (with a face value of Rs 10 apiece, will be split into tenshares with a face value of Rs 1 each). Vesuvius India shares were trading 1.27% lower at Rs 4443.35 per share on BSE during the early hours of trade on Wednesday.

“Recommended a dividend of Rs. 14.50 (Rupees Fourteen and Fifty Paise only) per equity share of Rs. 10/- each for the financial year ended December 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting,” said the company in its stock exchange filing in February.

With a market capitalisation of Rs 9,018 crore, the metal manufacturing and trading company is aiming to boost the liquidity of its shares with stock split. The company also announced record date for dividend.

Vesuvius India dividend record date

Vesuvius India has fixed May 1, 2025 as record date to determine the eligibility of its shareholders for dividend payout.

“Fixed Thursday, May 1, 2025, as the Record Date for determining those members who shall be entitled to receive dividends. The dividend, if approved by the shareholders at the Annual General Meeting scheduled on Thursday, May 8, 2025, will be paid thereafter,” stated the company in its stock filing.

How to be eligible for Vesuvius India dividend, ex-split shares?

Investors holding Vesuvius India shares on or before record dae, ie, May 1, will be eligible for dividend payout. Similarly, investors owning the company shares on stock split record date, will be eligible for Vesuvius India shares trading on revised share price.

Vesuvius India stock split record date

In its recent board of directors meeting, members also approved a subdivision of the company’s existing equity shares. It approved stock split in a ratio of 1:10, ie firm’s each equity share (with a face value of Rs 10) will be split in a ten shares (with a face value of Rs 1 each).

The record date is yet to be fixed for the stock split as it will be “decided after obtaining shareholders’ approval and will be intimated in due course.”

How to be eligible for dividend

What is a stock split?

A stock split is when a company dilutes its shares to boost their liquidity in the secondary market. As the name suggests, the company splits its existing shares in multiple shares in a fixed ratio. It leads to the reduction in the nominal value of each share without affecting the company’s market capitalisation.

Vesuvius India reported a net profit of Rs 60 crore in the quarter that ended in December during the financial year 2024-25. The company had reported a net profit of Rs 57 crore during the same period in the last financial year. Its revenue from operations stood at Rs 509 crore during the quarter under review and witnessed a slight downturn

Vesuvius stock price surge over 180% in last two years

The small-cap company witnessed a significant surge in its stock price over the past two years. As per BSE data, Vesuvius’ stock price has surged over 176.84% in the last two years. But the stock value has declined over 1.37% in the last three months amid weak market sentiments since the beginning of 2025.

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Original news source Credit: www.goodreturns.in

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