Dividend Stock: This small-cap company announces 60% dividend - Check record and payment date

Small-cap company Fineotex Chemical has declared a dividend of 60 per cent or Rs 1.20 per equity share with a face value of Rs 2 each. 

Fineotex Chemical Dividend Record Date

The company has informed exchanges that it has fixed February 26 as the record date to identify the eligibility of shareholders for this corporate action.

Fineotex Chemical Dividend Payment Date

According to an exchange filing, the company said that the payment of the dividend will be done on or before March 12. 

"Declared an Interim Dividend of 60% i.e.; Rs. 1 .20/- per equity share (face value Rs 2 each) aggregating to Rs.13.29 Crores. The record date will be February 26, 2024, and the dividend will be paid on or before March 12, 2024," the company said in an exchange filing.

Key Highlights of Q3FY24 Results 

Consolidated Quarter Q3-FY 2023-2024 (Y-o-Y Basis)

1. Revenue from Operation for the quarter has increased to -Rs. 13,845.18 Lakhs from -Rs. 10,922.96 Lakhs i.e., a growth of 26.75 per cent.

2. Operational EBITDA for the quarter has increased to -Rs. 4,035.23 Lakhs from -Rs. 2,855.03 Lakhs i.e., a growth of 41.34 per cent.

3. The Profit after tax (PAT) for the quarter ended has increased to -Rs. 3,292.51 Lakhs from -Rs. 2,247.55 Lakhs i.e., a growth of 46.49 per cent.

b) Consolidated Nine Months FY 2023-2024 (Y-o-Y Basis)

1. Operational EBlTDA for the nine months has increased to -Rs. 11,009.13 Lakhs from -Rs. 7,988.53 Lakhs i.e., a growth of 37.81 per cent.

2. The Profit after tax (PAT) for the nine months ended has increased to -Rs. 9054.94 Lakhs from -Rs. 6,355.49 Lakhs i.e., a growth of 42.47 per cent.