Weizmann Forex Ltd Declares Dividend Inches Over 6%

Forex services provider, Weizmann Forex surged over 6% on BSE in morning deals of Thursday’s trade. The company has declared a dividend of Rs 3 per share on face value of Rs 10 per equity share on FY ended on 2016-17.  

As per market observers, the company has a good return on equity (ROE) track record: 3 years ROE 22.95% & has been maintaining a healthy dividend payout of 44.25%. The stock is trading near is 52- week high of Rs 598.00 per share on BSE in the first half of today’s intraday trade.

The Company provides foreign exchange services to Indian corporations, multinational corporations, exporters, importers, leisure companies, and travellers in India. 

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