Equity investors should be cautious that Yasho Industries and Pioneer Embroideries will be the two stocks which will trade ex-dividend tomorrow. For the financial year ended March 31, 2022, Pioneer Embroideries declared a dividend of Rs. 0.30 per equity share. 10 each, while Yasho Industries proposed a final dividend of Rs. 0.50 per equity share. 10 each. The record date for each of these stocks is July 5, 2022, while the ex-dividend date is July 4, 2022.
Pioneer Embroidery
The company said in a BSE exchange filing that “The Board has also considered and recommended a dividend of Rs. 0.30 per equity share. 10/- each for the financial year ended March 31, 2022, for the upcoming 30th Annual General Meeting of the Company.” Subject to the approval of the shareholders at the meeting (AGM). The dividend, if approved by the shareholders, shall be paid within the stipulated time after the conclusion of the next 30th AGM. The record date for the purpose of dividend shall be 5th July, 2022. “
Shares fell 2.73 per cent from their previous close 38.50 and settled on 37.45 on Friday. The stock has fallen 35.60 percent in the past year, and is down 40.98 percent so far in 2022, according to year-to-date (YTD) data.
Yasho Industries
The Company has informed BSE saying that “The Board of Directors in its meeting held on 30th April, 2022 had recommended Final Dividend. 0.50 per equity share 10 each (ie 5%) subject to approval by the shareholders at the Annual General Meeting to be held on Tuesday, July 12, 2022. Requirements in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure) Regulations, 2015, the Company on Tuesday, July 05, 2022, prescribed the eligibility of members for final dividend for the financial year ended March 31, 2022. and the Register of Members and Share Transfer Books of the Company shall be closed from Wednesday, July 06, 2022 to Tuesday, July 12, 2022 (both days inclusive).”
Yasho Industries shares closed on Wednesday Friday’s level of 1,366.80 is 0.31% higher than its previous close. 1362.60. In the last 1 year, the stock has given a multibagger return of 214.89% and on a year-on-year (YTD) basis, the stock has grown by 16.35% so far in 2022.