Metal Stock Trades Ex-Dividend, Fair Value at 36% Upside: Record, Payment Dates
By Malvika Gurung
Investing.com — Shares of the steel manufacturing company Sarthak Metals (NS:) traded 0.11% to Rs 138 apiece at the time of writing, as they traded ex-dividend on Friday. The stock touched an intraday high of Rs 141 apiece, up 2% during the session.
The small-cap company announced last week that its Board of Directors approved an Interim Dividend of 10% for its eligible shareholders for the financial year 2022-23.
The steel services provider declared an Interim Dividend of Re 1 per share (10%) having a face value of Rs 10 each for FY23. The record date for determining the shareholders eligible for payment of the corporate reward has been set as Dec 30, 2022.
The company’s Board of Directors has approved paying the interim dividend to eligible shareholders on or before January 19, 2023.
In a year, the small-cap stock has advanced by 13%. According to InvestingPro data, the fair value of the stock is set at Rs 186.34/share, which is an upside of 35.7% compared to the current share price.