Trading 44% off 52-week low, this stock sets record date for dividend

with a market cap of 692 crores, Control Print Ltd. is a small-cap firm dealing in the hardware sector. The organization has more than 3 decades of industrial experience in the Coding & Marking Market of India. The company has declared equity dividend of Rs. 10 payout per share, or 100% on the face value of Rs. 10, for the financial year 2021-2022. It offers a dividend yield of 2.36 percent at the current share price of 423.15.

For the purpose of dividend, Control Print said in a BSE filing that “The company has fixed the cut-off date for the purpose of remote e-voting at the Annual General Meeting (AGM) as Tuesday, the 12th July, 2022. A person named as members shall be entitled to avail the facility of remote e-voting and e-voting as recorded on the cut-off date i.e. Tuesday, the 12th July, 2022 in the Register of Beneficial Owners maintained by the Depository – at the Annual General Meeting Voting. For the purpose of determining the members eligible to receive dividend for the financial year 2021-22, the Company has fixed Tuesday, July 12, 2022, as the “Record Date”. Dividend, if declared at the AGM shall be paid on or after five days from the conclusion of the AGM.”

As per data available on Value Research & Screener, the company is debt free, which is positive for the stock. Share closed on Friday 423.15 level, up 2.99% from its previous close 410.85. The stock has climbed 16.12 percent over the past year, and year-over-year (YTD), it returned 23.35 percent in 2022. On NSE, Control Print shares touched 52-week high. 52-week low of 494.00 on April 18, 2022 293 on 21 October 2021 indicating that the stock is trading 14.47% away from the 52-week high and 44.19% away from the 52-week low at the current level. The stock is trading above the 5-day, 100-day and 200-day moving averages but below the 20-day and 50-day moving averages at current levels.

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