Stovec Industries has once again announced a dividend for its investors. The company’s stock will trade as an ex-dividend stock for the 23rd time on the stock exchange.
This time, Stovec Industries Ltd. has declared a dividend of ₹12 per share.
The company has also fixed the record date in this month, which means the stock will start trading ex-dividend in the coming days.
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Record Date for Dividend
According to the company’s filing with the stock exchange, Stovec Industries Ltd. shares will trade ex-dividend on April 30, 2026.
The company will pay ₹12 per share as dividend to all eligible shareholders.
This dividend amounts to a 1200% payout on the face value of ₹10 per share.
Dividend History of the Company
The company did not pay any dividend in 2025.
However, in 2024, the shares traded ex-dividend twice, and together the company paid a total dividend of ₹132 per share to investors.
It is important to note that Stovec Industries first traded ex-dividend on the BSE in 2001, when eligible investors received a dividend of ₹3 per share.
So far, the company has not issued any bonus shares to its investors, and it has also not carried out any stock split.
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How Are the Shares Performing?
On Monday, shares of Stovec Industries Ltd. opened lower at ₹1,780 on the BSE.
Soon after the opening, the stock gained more than 2% and touched an intraday high of ₹1,840.
The stock has delivered a 29% gain in the last two weeks.
However, despite this recent rise, the share price is still down 26% over the last one year.
Looking at the longer-term performance:
30% decline in 2 years
13.24% decline in 3 years
Only 1.14% return in 5 years
During the same five-year period, the Sensex has gained 58%.
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Shareholding Pattern
According to the company’s September quarter shareholding data:
Promoters held 71.06% stake
Public shareholding stood at 28.94%
