Shares of Kaycee Industries traded ex-bonus and ex-split in the stock market on Friday, July 5.
This penny stock saw a 2 percent upper circuit on that day. The company is giving bonus shares to investors for the first time.
Stock Split and Bonus Shares
Kaycee Industries announced that each share with a face value of Rs 100 would be split into 10 pieces. After the stock split, the face value of each share is now Rs 10.
Additionally, the company will give 4 bonus shares for every share held. The record date for these bonus shares was July 5.
Investors whose names are in the company’s record book on this date will receive the bonus shares.
The record date for the bonus shares and stock distribution was set as July 5. Investors listed in the company’s record book will benefit from this split and bonus distribution.
Dividend Announcement
Kaycee Industries has also announced a dividend for investors. On May 28, the company stated that a final dividend of Rs 60 per share will be given for the financial year ending on March 31.
Moreover, there will be a special dividend of Rs 40 per share. This totals a benefit of Rs 100 per share for eligible investors. The record date for this dividend is set for August 9.
Strong Market Performance
The company’s shares hit an upper circuit of 2 percent on Friday, closing at Rs 1365.50 on the BSE.
Over the past year, the company’s share prices have increased by 470 percent. Investors who have held the stock for 6 months have seen a profit of 217 percent.
