Multibagger inventory units report date for 150% dividend, takes the yield to 2.18% 

Within the auto ancillaries trade, LG Balakrishnan & Bros Ltd (LGB) is a small-cap firm with a market valuation of 2,152.73 crore. Underneath the well-known model identify “ROLON,” LGB is a number one producer of automotive chains, sprockets, and chain tensioners. High quality blanked merchandise, machined gears and equipment are additionally produced by LGB. With its Automotive Timing and Drive Chains, Sprockets, Auto Tensioners, Guides, Effective Blanked Parts, Precision Machined Components, Belts & Rubber Parts, L.G.B. is a market chief in transmission merchandise. LG Balakrishnan and Brothers have introduced an fairness dividend of 150.00 per cent at a face worth of 10, or 15 per share, for the fiscal yr ending March 2022. The dividend yield on the present share value of 685.75 is 2.18 per cent.

The Board of Administrators of the corporate have mentioned at the moment in a regulatory submitting that the 66th Annual Normal Assembly (AGM) of the members of LG Balakrishnan & Bros Ltd (LGB) will likely be held on Thursday twenty fifth Day of August 2022 at 10.30 A.M. The Board mentioned that the 66th AGM will likely be held “To declare a Dividend of 15/- per fairness share for the monetary yr ended March 31, 2022. Dividend as advisable by the Board of Administrators, if declared on the ensuing Annual Normal Assembly will likely be paid on or earlier than September 20, 2022 from the date of declaration, to these Members whose names seem on the Register of Members in respect of shares held in bodily type in addition to in respect of shares held in digital type as per the main points obtained from the depositories for this objective as on the shut of the enterprise hours on Thursday, August 18, 2022.”

The shares of LG Balakrishnan & Bros Ltd ended at the moment’s buying and selling session on the BSE at 685.75 per share, up 0.23 per cent from yesterday’s shut of 684.20. The inventory has gained 34.32 per cent over the previous yr, and on a YTD foundation, it has risen by practically 5 per cent to date in 2022. The inventory value of LGB has risen over the previous three years from 227.85 on July 29, 2019, to its present stage of 685.75, representing a multibagger return of over 197 per cent.

Catch all of the Business News, Market News, Breaking News Occasions and Latest News Updates on Reside Mint.
Obtain The Mint News App to get Each day Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a legitimate e mail

* Thanks for subscribing to our publication.

Source link

Leave a Reply