Ramkrishna Forgings Dividend Stock 2024: Shares of Ramkrishna Forgings Limited will be in focus on Friday i.e. May 10 on account of its next corporate action. The railway stock has announced 50 per cent dividend payment on each stock for the previous fiscal year. A dividend is a company’s reward to its investors for their investment in the business. It is paid in cash from earnings.
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Ramkrishna Forgings Dividend 2024 Amount
A dividend is always calculated and paid on the face value of each stock. Accordingly, a 50 per cent dividend translates into Re 1 per equity share with a face value of Rs 2 each for the financial year 2023-24.
“Declared 2nd Interim Dividend of Re 1.00 per Equity Share of face value Rs 2 each for the Financial Year 2023—24,” the company said in an exchange filing.
Ramkrishna Forgings Dividend 2024 Ex-Date
Nifty 500 stock has set May 10 as the ex-date for the second dividend for FY24.
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Ramkrishna Forgings Dividend 2024 Record Date
Ramkrishna Forgings Limited has set May 10 as the record date for determining the eligibility of shareholders’ participation in the next dividend or corporate action.
“Pursuant to Regulation 42 of the SEBI LODR Regulations, the Record Date for the 2nd Interim Dividend, if declared by the Board of Directors, shall be Friday, 10 May, 2024,” the company said in a regulatory filing.
Ramkrishna Forgings Dividend 2024 Payment Date
“The said dividend will be paid within 30 (thirty) days from the date of declaration,” the company stated.
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Ramkrishna Forgings Share Price History
Ramkrishna Forgings Limited is a component of S&P BSE 500. According to BSE analytics (as of May 10), shares of RK Forgings Limited down by 3.56 per cent on a YTD basis. In the past 1 year, 2 years, 3 years, 5 years and 10 years, shares of the company gained 101.19 per cent, 297.94 per cent, 499.22 per cent, 621.40 per cent, and 2810.69 per cent, respectively.
Ramkrishna Forgings Dividend History
Last year, RK Forgings Limited paid dividend on three occasions – Re 0.5 (twice) and Re 1. In 2022, the railway stock announced dividend of Re 0.5 with an ex-date on November 1.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
