Stovec Industries has once again announced a dividend for its investors. The company is now trading as an ex-dividend stock for the 23rd time.
This time, Stovec Industries Ltd. has declared a dividend of ₹12 per share. The record date for this dividend has been set for this month, which means the stock will start trading ex-dividend in the coming days.
Contents
Record Date and Dividend Details
As per stock exchange filings, shares of Stovec Industries Ltd. will trade ex-dividend on April 30, 2026. Investors who hold shares before this date will be eligible to receive the dividend.
The company will pay ₹12 per share, which equals a 1200% dividend return based on the face value of ₹10 per share.
Dividend History of the Company
The company did not pay any dividend in 2025. However, in 2024, it announced dividends twice, giving a total of ₹132 per share to investors.
It is important to note that Stovec Industries Ltd. first traded as an ex-dividend stock on the BSE in 2001, when it paid a dividend of ₹3 per share.
So far, the company has not issued any bonus shares and has also not conducted any stock split.
On Monday, shares of Stovec Industries Ltd. opened lower at ₹1,780 on the BSE. However, the stock soon recovered and rose more than 2%, reaching an intraday high of ₹1,840.
In the short term, the stock has performed well, gaining 29% in the last two weeks. However, the longer-term performance has been weak:
Down 26% in the past one year
Down 30% in the last two years
Down 13.24% over three years
Returned only 1.14% in five years
In comparison, the Sensex has gained 58% during the same five-year period.
As per the September quarter data:
Promoters hold 71.06% stake
Public investors hold 28.94%