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HomeMarketStocksSupreme Petrochem announces 100% dividend and 1:2 stock split

Supreme Petrochem announces 100% dividend and 1:2 stock split


Supreme Petrochem has announced a 100% interim dividend and 1:2 stock split after posting its second quarter results. The company declared a dividend of Rs 4 per share having face value of Rs 4, which implies 100% dividend for FY2023.

“Declared interim dividend of Rs 4/- per equity share of the company having face value of Rs 4/- (viz. 100%) for the financial year 2022-2023 on its paid up equity share capital (consisting of 94020671 equity shares of Rs. 4/- each) entailing an outgo of Rs 3760.83 lakh,” said the company’s filing with the exchange.

The company has fixed November 4 as the record date. It has announced a split of its shares from a face value of Rs 4 to 2 each fully paid-up, subject to shareholders’ approval. The record date for the stock split will be intimated in due course.

shares have delivered 312% returns in a 3-year period. Ahead of its earnings, the stock closed lower by over 2% at Rs 712.05 on the NSE.



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