Dividend Stock: Small cap construction company announces fourth interim dividend in FY24 - Check record and payment date

Real Estate and Infrastructure company Man Infraconstruction has announced the fourth interim dividend for FY24. 

Man Infraconstruction Dividend 2024

The small company has now announced an interim dividend of 27 per cent or Rs 0.54 per equity share having a face value of Rs 2 each. 

"Declared fourth interim dividend of Rs.0.54 per equity share (i.e. 27%) on 37,12,50,405 Equity Shares having Face Value of Rs. 2/ - each, for the Financial Year 2023-24," the company said in an exchange filing.

Man Infraconstruction Dividend 2024 Record Date

The board of directors of the company has fixed February 15, 2024 as the record date for finalisation of the eligible shareholders for dividend payment.

"The Record Date for the purpose of determining the entitlement of shareholders for the said Fourth Interim Dividend has been fixed as Thursday, 15th February, 2024," the filing reads.

Man Infraconstruction Dividend 2024 Payment Date

Man Infraconstruction has also informed the exchanges that the dividend will be paid or dispatched on February 27, 2024.

Man Infraconstruction Q3 results

Meanwhile, Man Infraconstruction Ltd has posted a fall of 4.5 per cent to Rs 86.51 crore in the December 2023 quarter due to lower income.

It had clocked a net profit of Rs 90.60 in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing.

The company's total income fell to Rs 261.34 crore as against Rs 471.77 crore in the year-ago period.

However, the company managed to trim its expenses to Rs 149.07 crore from Rs 346.21 crore in the third quarter of FY23.

EPC firm Man Infraconstruction is into verticals like ports, infrastructure, commercial projects, institutions, IT projects and futuristic lifestyle houses.