Indian Metals & Ferro Alloys Turns Ex-Dividend


Indian Metals & Ferro Alloys turned ex-dividend today. The company has given a final dividend of Rs 10 per equity share on Friday. The record date for the dividend is set at July 17, 2017.

The stock witnessed a selling pressure on BSE after giving a final dividend. It was trading down by nearly 1.8% at around Rs 539.2 per share as of 1129 hours on Friday.

The company is a producer of ferro chrome/ferro alloys. It operates through two segments: Ferro Alloys and Power. The company has consistent profit growth of 31.16% over past 5 years. However, it has a low return on equity of 9.65% for last 3 years.

If an investor purchases a stock on its ex-dividend date or after, the investor will not receive the next dividend payment. Instead, the seller gets the dividend. If investor purchases stock before the ex-dividend date, he will get the dividend.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 
Share on Google Plus

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.

0 comments: