Dividend Stocks: The company’s shares have fallen 20 percent in one year. However, on Friday the stock closed at Rs 404, up 1 per cent.
This company is Laurus Labs Ltd. The board meeting of the company is going to be held on 20th October. In this board meeting, along with the quarterly results, the decision on dividend will be taken. Apart from this, Sasken Technologies can declare dividend next week. The company has declared interim or final dividend 5 times in the last 3 years.
Dividend of Rs 1.2 per share was paid on May 10. Earlier in May 2022 also a dividend of Rs 0.80 per share was given. Dividend of Rs 0.80 per share was paid in November 2021 and Rs 0.40 per share in February.
The promoters’ stake in the company is 27.2 percent. There has been no change in this in the last 5 quarters. FIIs i.e. foreign institutional investors have bought shares extensively. The share was 22.52 percent in the June quarter, which has increased to 24.03 percent in September.
DIIs i.e. domestic institutional investors have bought shares extensively. The share was 10.36 percent in the June quarter, which has increased to 11.01 percent in September. Whereas, a year ago in September 2022, the stake was 9.34 percent.