Savita Oil Limited, one of the dividend paying stocks in FY 2012, has announced a stock split in the ratio of 5:1. The board of directors of the small-cap automotive company informed the Indian stock exchanges that the board of the company has decided to sub-divide the company’s shares from the current face value. 10 per equity share to 2 per equity share. The company has already declared a final dividend of 250 per cent for the financial year 2021-22.
Savita Oil Limited Informed the Indian stock exchanges about the development, “In accordance with Regulation 30 read with Part A of Schedule III of SEBI (Listing and Disclosure Requirements) Regulations, 2015 and all other applicable rules, the Board of Directors in its meeting today 66 Held at its Registered Office at /67, Nariman Bhawan, Nariman Point, Mumbai 400021, the Company has approved the following subject to the approval of the Shareholders: Sub-division of 1 (one) Equity Share of face value of Rs. 5 (five) equity shares of face value of Rs.2/- each.”
Last month on 30th May 2022, Savita Oil announced final dividend Referring to the payment, “In accordance with Regulation 30 read with Part A of Schedule III of SEBI (Listed Obligation and Disclosure Requirements) Regulations, 2015, Regulation 33 and all other applicable rules, if any, the Board of Directors held today The meeting has approved Final Dividend @250% (on each fully paid equity share of Rs.25/- each of Rs.25/-) for the Financial Year 2021 at its Registered Office 66/67, Nariman Bhawan, Nariman Point, Mumbai 400021 -22 , subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.”
The current market capitalization of a dividend paying stock is 15.9 crores and the stock ended the Tuesday session with a trade volume of 33,409, which is more than 3 times the last 20 days’ average trade volume of 9,805. The company’s dividend yield is 2.29 percent. It has a 52 week high 1830 and 52-week low is 932 each level.