There was a stormy rise in the company’s shares on Thursday
Dividend Stock: Once again a big decline was seen in the stock market today. On Thursday, BSE Sensex closed 553.12 points down at 79,389.06 points and Nifty 50 closed 135.50 points down at 24,205.35 points. In today’s fall, shares of most companies closed in the red with losses. But, today there was a share of a company which saw a rise of not just one-two percent but more than four percent.
There was a stormy rise in the company’s shares on Thursday
Shares of Nuvama Wealth Management today closed at Rs 6986.00 with a gain of 4.12% (Rs 276.40). The company’s shares, which closed at Rs 6709.60 on Wednesday, opened with a rise on Thursday at Rs 6779.80 and during trading rose from an intraday low of Rs 6691.60 to an intraday high of Rs 7025.00. The 52 week high of Nuvama Wealth Management shares is Rs 7395.00. According to BSE, the current market cap of the company is Rs 24,991.74 crore.
Company will give dividend of Rs 63 on every share
Dividend was announced for shareholders in the company’s board meeting held on October 25. The company had said in an exchange filing that the board of directors has declared a dividend of Rs 63 for the shareholders on each share with face value of Rs 10. This will be the interim dividend given for the financial year 2024-25. Let us tell you that even before this, in August this year, the company had given an interim dividend of Rs 81.50 on each share to its shareholders.
Record date and payment date also fixed
Nuvama Wealth Management said in its exchange filing that the company has also fixed the record date and payment date for this dividend of Rs 63. According to the company, the record date for this interim dividend has been fixed as Thursday, November 7. Shareholders will be given dividend only on the number of shares they have in their demat account on November 7. The company said that the dividend money will be sent to the bank accounts of the shareholders on or before November 23.
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