Dividend Stock: This penny stock less than 5 Rs has hit a new 52-week high of Rs 4.27. The company announced to pay Rs 20 dividend per share to shareholders. We are talking about Taparia Tools, a penny stock that has always delivered the highest dividend and bonus shares. Currently the company is giving a dividend at 486% yield.
The shares of Taparia Tools witnessed heavy buying these days and continuously hitting upper circuit. During the trading session on Tuesday, July 16, shares locked in with 5% upper circuit also hit a new 52-week high. Check out the record date below.
Penny Stock Taparia Tools Dividend
The board of directors has recommended a final dividend of 200% per equity share of Rs 10 each. This means shareholders will get Rs 20 per equity share held. Earlier the company also paid a dividend of Rs 20 for FY24. In total the company is paying Rs 40 dividend per equity share. The Record Date has been fixed on Monday, July 22.
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About the Company
Incorporated in 1969, Taparia Tools Ltd is one of the leading hand toolmakers in India. The company started production with a joint partnership with a Sweden based company.
With a market cap of Rs 6.48 crore, Taparia tools share is currently trading at Rs 4.27. The ROCE and ROE of the company are 45.56% and 33.99% respectively. Promoters hold a majority of the stake with 69.72%. Talking about the financial performance of the company, it has witnessed a 37.95% profit growth and 8.38% revenue growth respectively.
Investors must keep this Penny Stock under the radar.
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