Vesuvius India Declares ₹14.50 Dividend And 1:10 Stock Split — Key Dates & Details
Vesuvius India Declares ₹14.50 Dividend And 1:10 Stock Split — Key Dates & Details
Big news for investors of BSE small-cap company Vesuvius India. Asia-Supported Asset Dividend Huawei Stock Split Here’s a closer look at this big announcement and what it could mean for shareholders.
All-Time High Dividend of ₹14.50/share
This is a dividend of ₹14.50 per share for the October-December 2024 quarter declared by Vesuvius India. This payout translates into an astounding 145% dividend, wherein investors holding shares with a face value of ₹ 10 will receive ₹ 14.50 per share.
Record Date & Payment Schedule for Dividends
The dividend will be distributed to investors who own shares of Vesuvius India as of May 1, 2025. The dividend will be paid post approval in the next Annual General Meeting (AGM) which will be held on May 8, 2025.
What the 1:10 Stock Split Means for Investors
In a significant development, Vesuvius India has declared a 1:10 stock split making the face value of each share 10 times lesser, at ₹1 as against Rs 10 previously. This implies that each existing shareholder gets 10 shares for each 1 share he holds. Stock split is done to ensure shares become more affordable and liquid for retail investors.
A stock split record date will be established following shareholder approval.
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Over the years, Vesuvius India has given fantastic returns to its investors:
147% Growth in the last 2 years
317% increase in the past 3 years
That’s an astonishing 470% increase over the last 10 years
Because of this strong track record the company is a solid long-term investment, option year wealth creation.
Final Thoughts
Vesuvius India’s new announcement is a positive for investors. The new stock split will make shares of the company more accessible to retail investors, while the above-average dividend payout continues to reward existing shareholders from the group’s record income generation. If you’re following high-growth stocks, this might be an opportunity to look into.
More news on stock split record date and AGM to follow!
FAQs
1.How much is Vesuvius India’s dividend?
The company declared dividend of ₹14.50/share at 145% payout rate.
2.Once the dividend is declared, what is the record date for the dividend?
To qualify, investors must own shares by May 1, 2025.
3.When is the dividend paid?
Subject to approval in the AGM on May 8, 2025.
4.What is the ratio in a stock split?
This means that the company will split the already existing stock in a ratio of 1:10， with the face value of stock reducing from ₹10 to ₹1 per share.
5.So why is Vesuvius India splitting its stock?
The stock split increases affordability and liquidity for the company’s shares, intending to make the company more accessible to retail investors.
