Dividend stock: This small-cap company engaged in manufacture of watch components declares a 580% payout, set to turn ex-date soon

KDDL dividend 2024 record date: Shares of the small-cap company KDDL Ltd will be on investor radar this week as the company will turn ex-dividend on January 25, Thursday. The company from the gems, jewellery, and watches industry announced an interim dividend of Rs 58 per equity share of the face value of Rs 10 each, i.e., a 580 per cent payout for the financial year 2023-24.

"Please be informed that the Board of Directors of KDDL Limited (“the Company”) at its meeting held on Thursday, 18th January, 2024 has, inter alia, considered and declared Interim Dividend of Rs. 58 per equity share (i.e. 580%) of Rs. 10/- each, for the financial year 2023-24," the company's regulatory filing dated January 18 read. 

KDDL dividend 2024 record date

The board of directors of KDDL has declared January 26 as the record date.

KDDL dividend payment date 2024

As per the company's communique, the interim dividend will be paid within 30 days from the date of declaration.

KDDL dividend history

As per data available on Trendlyne, KDDL has declared 24 dividends since September 3, 2001. KDDL has declared an equity dividend amounting to Rs 4 per share in the past 12 months.

KDDL share price history: Past performance

The 52-week high of KDDL shares is Rs 3,119.9 apiece, touched on November 22, 2023, while the 52-week low price is Rs 976.15 apiece, touched on March 16, 2023, respectively. The company has a market capitalisation of Rs 3,56,430.24 lakh, according to data available on NSE. KDDL shares have given a return of over 80 per cent in the last 6 months and rallied 176 per cent in the last year. In the last 5 years, the stock has given a return of 540 per cent.

What does KDDL do?

KDDL is engaged in the manufacture of watch components, high-quality precision-stamped components, and progressive tools for a wide range of engineering applications.