Dividend Opportunities in the Chemicals Sector: 2 Small and Mid-Cap Stocks Going Ex-Dividend with Potential High Returns

Rajesh
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In the chemicals sector, two leading stocks, Vinyl Chemicals (I) Ltd and Deepak Nitrite, are scheduled to trade ex-dividend next week. These companies have shown promising stock performance and offer attractive dividends, making them potential candidates for dividend-focused investors. Please note that this article does not constitute financial advice or a recommendation to buy, sell, or hold these stocks. It is essential to conduct thorough research and consult a professional advisor before making any investment decisions.

Dividend Opportunities in the Chemicals Sector


1. Vinyl Chemicals (India) Ltd:

Vinyl Chemicals (India) Ltd will go ex-dividend on July 26, 2023, presenting an opportunity for investors interested in dividends. The company has recommended a 500% special dividend and a 500% final dividend. In a recent BSE filing on May 4, 2023, the company announced, "Out of Current Year's profit, the Board recommended payment of Total Dividend of Rs. 10/- per equity share of Re.1/- comprising of Normal Dividend of Rs.5/- per equity share and a Special Dividend of Rs.5/- per equity share (previous year Rs. 10/- per equity share comprising of Normal Dividend of Rs. 5/- per equity share and a Special Dividend of Rs.5/- per equity share) aggregating to Rs. 18,33,71,110/- (Previous Year Rs. 18,33,71,110) on 1,83,37,111 equity share of Re.1/- each."

Vinyl Chemicals Stock Performance & Return:

As of July 20, 2023, Vinyl Chemicals' last trading price is Rs 504.25 per share, with an intraday gain of 1.44% on the BSE. The stock's 52-week high price is Rs 952.10 per share, while its 52-week low price is Rs 293.40 per share, respectively. The market capitalization of Vinyl Chemicals stands at Rs 924.65 crore. Over the past few periods, the stock has shown mixed performance, declining 6% in the last 3 months, delivering a 20% return in the last 6 months, an impressive 222% return in the last 2 years, and a remarkable 451% return in the last 3 years.

2. Deepak Nitrite:

Deepak Nitrite is another attractive stock trading ex-dividend on July 27, 2023, with a dividend of 375.00% per equity share. The company officially announced this in its BSE filing on May 11, 2023, stating, "Pursuant to the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform you that the Board of Directors of the Company, at their Meeting held today i.e., 11th May 2023, have recommended, for approval by the shareholders, a dividend of Rs 7.50/-, being 375% per equity share for the year ended March 31, 2023."

Deepak Nitrite Stock Performance & Return:

As of the same date, Deepak Nitrite's last trading price is Rs 1981.00 per share, experiencing an intraday fall of 0.59%. The stock's 52-week high price is Rs 2355.55 per share, and the 52-week low price is Rs 1731.00 per share, respectively. Deepak Nitrite's market capitalization stands at Rs 27,019 crore. Over recent periods, the stock has shown mixed performance, falling 11% in the last 1 month, gaining 5% in the last 6 months, posting a remarkable 278% return in the last 3 years, and an impressive 805% rally in the last 5 years.

Conclusion:

The upcoming ex-dividend trades of Vinyl Chemicals and Deepak Nitrite offer investors a chance to potentially benefit from significant dividend yields. However, it is crucial to remember that this article does not provide investment advice, and investors should perform their own fundamental and technical analysis before making any investment decisions. Additionally, consulting with a professional financial advisor is advisable to minimize risks and make informed choices. Always exercise caution and research thoroughly before entering any investment opportunity.

Also Read : Abbott India Announces 3250% Dividend Payout, Ex-Dividend Date Set for Friday

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