Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%
With a market valuation of ₹877.22 crore, Tamilnadu Petroproducts Ltd. is a small-cap company that engages in the chemicals industry. The company manufactures such as Caustic Soda, Chlorine & Derivatives, and Linear Alkyl Benzene (LAB). The Board recommended a dividend of Rs. 3.00 per fully paid-up equity share of Rs. 10 each at its meeting held on May 23, 2022, subject to the approval of the Members at the upcoming AGM. The dividend yield at the current market price of ₹98.10 is 3.05 per cent. The corporation has made the record date public in order to establish the shareholders’ eligibility for dividend payments.